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7 stories mentioning CBRLUpdated 2d ago

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Wire

Cracker Barrel Old Country Store's CEO Transition Likely to Support Business Recovery, UBS Says

Cracker Barrel Old Country Store's (CBRL) unexpected CEO transition should support business recovery over the longer-term through enhanced focus on executing the company's turnaround plan, while prioritizing cost efficiencies and margin management, UBS said in a Tuesday research report.Shares have rallied this year partly due to improving Q3 trends, but earnings power remains depressed as visibility into a greater traffic recovery trajectory is limited amid macroeconomic headwinds, according to the note.New CEO David Deno is also likely to work on improving the food offering, enhancing service consistency, and boosting profitability, analysts wrote.The brokerage said it reiterated its neutral rating on the stock and price target of $37 per share.Price: $52.34, Change: $-0.09, Percent Change: -0.18%

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Wire

Cracker Barrel Appoints David Deno as CEO, Succeeding Julie Masino

Cracker Barrel Old Country Store (CBRL) appointed David Deno as CEO and president effective Aug. 10, succeeding Julie Masino.Deno, 69, was CEO of Bloomin' Brands (BLMN) from April 2019 to September 2024, Cracker Barrel said Monday in a regulatory filing.Masino will remain as an adviser until Oct. 9 to support the transition, Cracker Barrel said.Price: $51.29, Change: $-2.42, Percent Change: -4.51%

$CBRL
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 2%.In corporate news, Cracker Barrel Old Country Store (CBRL) shares surged 25%. The company reported fiscal Q3 adjusted earnings late Tuesday of $0.29 per diluted share, down from $0.58 a year earlier. Analysts polled by FactSet expected a per-share loss of $0.48. Wells Fargo upgraded the company to overweight from equalweight, and lifted its price target to $50 from $35.Chewy (CHWY) lowered its full-year sales outlook on Wednesday even though the online pet store company's fiscal Q1 revenue topped market estimates. Its shares fell 2.3%.Casey's General Stores (CASY) shares jumped past 18% after the convenience store operator recorded better-than-expected fiscal Q4 results.Cava (CAVA) is well-positioned for continued same-store sales growth in the long term amid multiple drivers despite a challenging macroeconomic environment, UBS Securities said. UBS upgraded its rating on the company's stock to buy from neutral and raised its price target to $90 from $85. Cava shares climbed 5.4%.

$CASY$CAVA$CBRL$CHWY
Sectors

Sector Update: Consumer

Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1.7%.In corporate news, Cracker Barrel Old Country Store (CBRL) shares jumped 25%. The company reported fiscal Q3 adjusted earnings late Tuesday of $0.29 per diluted share, down from $0.58 a year earlier. Analysts polled by FactSet expected a per-share loss of $0.48. Wells Fargo upgraded the company to overweight from equalweight, and lifted its price target to $50 from $35.

$CBRL
Research

Wells Fargo Upgrades Cracker Barrel Old Country Store to Overweight From Equalweight, Adjusts PT to $50 From $35

Cracker Barrel Old Country Store (CBRL) has an average rating of hold and mean price target of $35.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$CBRL
Wire

Cracker Barrel Old Country Store Fiscal Q3 Adjusted Earnings, Revenue Fall; Lifts Fiscal 2026 Revenue Guidance

Cracker Barrel Old Country Store (CBRL) reported fiscal Q3 adjusted earnings late Tuesday of $0.29 per diluted share, down from $0.58 a year earlier.Analysts polled by FactSet expected a loss of $0.48.Revenue for the three months ended May 1 was $797.4 million, down from $821.1 million a year earlier.Analysts expected $776.7 million.For fiscal 2026, the company now expects revenue of $3.27 billion to $3.30 billion, versus $3.24 billion to $3.27 billion earlier. Analysts expect $3.25 billion.Shares of Cracker Barrel rose over 12% in after-hours activity.

$CBRL
Wire

BofA Adjusts Price Target on Cracker Barrel Old Country Store to $30 From $31

Cracker Barrel Old Country Store (CBRL) has an average rating of hold and mean price target of $31.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $29.36, Change: $-0.19, Percent Change: -0.64%

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