Truist Reduces PT on Cracker Barrel Old Country Store (CBRL) Stock

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) is one of the Best Undervalued Stocks to Invest in According to Reddit. On September 18, Truist reduced the price target on the company’s stock to $58 from $62, while keeping a “Buy” rating. The firm noted Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s Q4 2025 earnings miss, but also recommends buying, considering that the core drivers of the brand turnaround remain intact and that sales might start to recover from the rebranding backlash soon, with the resumption of the Fall Menu marketing.

As per the analyst, the initial FY 2026 guidance is far lower than anticipated, but also appears to include increased marketing and labor spend in a bid to help sales recovery. For FY 2026, Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) expects total revenue of between $3.35 billion – $3.45 billion, which assumes the comparable store traffic decline of 4% – 7%. It expects adjusted EBITDA of between $150 million – $190 million.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.