Cracker Barrel Old Country Store (CBRL) Stock Forecast & Price Target

$37.33

-0.79 (-2.07%)

(As of 09/6/2024 ET)

Cracker Barrel Old Country Store - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Cracker Barrel Old Country Store in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 9 analysts, 2 have given a sell rating, and 7 have given a hold rating for CBRL.

Consensus Price Target

$59.29
58.82% Upside

High Forecast	$90.00
Average Forecast	$59.29
Low Forecast	$42.00

According to the 9 analysts' twelve-month price targets for Cracker Barrel Old Country Store, the average price target is $59.29. The highest price target for CBRL is $90.00, while the lowest price target for CBRL is $42.00. The average price target represents a forecasted upside of 58.82% from the current price of $37.33.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Reduce	Reduce	Reduce	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	2 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$59.29	$59.86	$62.14	$99.86
Forecasted Upside	58.82% Upside	9.67% Upside	10.95% Upside	6.95% Upside

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CBRL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CBRL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cracker Barrel Old Country Store Stock vs. The Competition

Type	Cracker Barrel Old Country Store	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	1.78	2.47	2.51
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	58.82% Upside	50.79% Upside	11.36% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Truist Financial 1 of 5 stars		Lower Target	Hold ➝ Hold	$46.00 ➝ $42.00	+8.86%
8/6/2024	Argus 3 of 5 stars	J. Kelleher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
7/17/2024	Bank of America 4 of 5 stars		Lower Target	Underperform ➝ Underperform	$48.00 ➝ $46.00	-1.20%
6/3/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Brooks Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
5/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$48.00 ➝ $42.00	-14.46%
5/20/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$72.00 ➝ $50.00	+4.10%
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5/17/2024	CL King Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Wolf Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$90.00	+57.15%
3/4/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$75.00 ➝ $70.00	+5.56%
2/28/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$82.00 ➝ $75.00	+10.46%
3/1/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$100.00 ➝ $110.00	-0.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:02 PM ET.

CBRL Forecast - Frequently Asked Questions

What is Cracker Barrel Old Country Store's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Cracker Barrel Old Country Store is $59.29, with a high forecast of $90.00 and a low forecast of $42.00.
Should I buy or sell Cracker Barrel Old Country Store stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cracker Barrel Old Country Store in the last year. There are currently 2 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CBRL shares.
Does Cracker Barrel Old Country Store's stock price have much upside?: According to analysts, Cracker Barrel Old Country Store's stock has a predicted upside of 11.04% based on their 12-month stock forecasts.
Has Cracker Barrel Old Country Store been downgraded by Wall Street analysts recently?: Over the previous 90 days, Cracker Barrel Old Country Store's stock had 1 downgrade by analysts.
What analysts cover Cracker Barrel Old Country Store?: Cracker Barrel Old Country Store has been rated by research analysts at Argus, Bank of America, and Truist Financial in the past 90 days.
Do Wall Street analysts like Cracker Barrel Old Country Store more than its competitors?: Analysts like Cracker Barrel Old Country Store less than other "retail/wholesale" companies. The consensus rating for Cracker Barrel Old Country Store is Reduce while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how CBRL compares to other companies.