Cracker Barrel Likely To Post Higher Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) is expected to report higher Q4 earnings at $1.61 per share, up from $1.57 per share year-ago. The company's revenue might reach $842.92 million, compared to $830.4 million in the year-ago period. However, the company's shares fell 0.4% to close at $74.50 on Monday. Several analysts have recently adjusted their price targets for the company, with ratings ranging from 'Sell' to 'Buy'.
September 12, 2023 | 2:23 pm
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Cracker Barrel is expected to report higher Q4 earnings, but its shares fell recently. Analysts have adjusted their price targets, indicating mixed views on the company's future performance.
The expected increase in Q4 earnings could be a positive signal for the company's performance. However, the recent fall in share price and the mixed analyst ratings indicate uncertainty about the company's future performance. Therefore, the short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100