Bank of America's analyst, Sara Senatore, has revised the price target for Cracker Barrel (CBRL, Financial), bringing it down from $48 to $39. The analyst maintains an "Underperform" rating for the restaurant chain's shares. This adjustment is part of a broader evaluation by the firm, which includes reviewing estimates and price targets for over 20 companies in the restaurant sector. The recalibration reflects changes in market multiples and estimate updates as part of their financial outlook for the first quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Cracker Barrel Old Country Store Inc (CBRL, Financial) is $47.29 with a high estimate of $55.00 and a low estimate of $39.00. The average target implies an upside of 8.53% from the current price of $43.57. More detailed estimate data can be found on the Cracker Barrel Old Country Store Inc (CBRL) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Cracker Barrel Old Country Store Inc's (CBRL, Financial) average brokerage recommendation is currently 3.2, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cracker Barrel Old Country Store Inc (CBRL, Financial) in one year is $81.68, suggesting a upside of 87.47% from the current price of $43.57. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cracker Barrel Old Country Store Inc (CBRL) Summary page.
