Truist analyst Jake Bartlett raised the firm’s price target on Cracker Barrel to $109 from $96 but keeps a Hold rating on the shares. The analyst states that the company’s Q1 results are not expected to be a catalyst for the stock with limited risk given its "solid" recent sales trends. Bartlett adds however that a strong restaurant sales recovery post-COVID is priced into Cracker Barrel shares.
Published first on TheFly
