Cracker Barrel price target raised to $44 from $42 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Cracker Barrel to $44 from $42 and keeps a Hold rating on the shares. The company’s margins pressured Q4 earnings, but its FY25 guidance was “better than feared”, while the Truist Card Data suggests that Cracker Barrel’s recent sales have improved along with industry trends, the analyst tells investors in a research note. The introduction of a less expensive ‘refresh’ remodel design may also significantly lower the company’s planned capex over the next few years, the firm added.