In-Depth Examination Of 8 Analyst Recommendations For Cracker Barrel Old
Portfolio Pulse from Benzinga Insights
In the last three months, 8 analysts have published ratings on Cracker Barrel Old (NASDAQ:CBRL), showing a negative shift in sentiment. The average 12-month price target has decreased by 16.18% to $50.5. Analysts have lowered their ratings and price targets, reflecting concerns over the company's financial performance, including a decline in revenue and profitability metrics.
August 06, 2024 | 8:00 pm
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NEGATIVE IMPACT
Analysts have shown a negative shift in sentiment for Cracker Barrel Old (NASDAQ:CBRL) over the past three months. The average 12-month price target has decreased by 16.18% to $50.5, with recent ratings predominantly 'Hold', 'Sell', or 'Underperform'. This reflects concerns over the company's declining revenue, profitability, and high debt levels.
The negative shift in analyst sentiment, as evidenced by the lowered ratings and price targets, indicates a bearish outlook on Cracker Barrel Old's stock. The company's declining revenue, profitability metrics, and high debt levels contribute to this negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100