Argus Research Rates Cracker Barrel Old Country Store (CBRL) buy

Analyst Christine Dooley keeps a buy rating on Cracker Barrel with a price target of $60, a 28.60% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:11 PM EDT · Updated Jun 13, 2026, 1:00 AM EDT

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Argus Research rated Cracker Barrel Old Country Store, Inc. ($CBRL) "buy" with a $60 price target on June 12, 2026.

Since the rating, $CBRL is down 1.2% after 1 week, up 12.1% after 1 month and up 48.5% to date (from the $46.46 close on Jun 12, 2026).

CBRL Cracker Barrel Old Country Store, Inc.

$68.97 +162.14% year to date

Daily close · Oct 16, 2026

Key Points

Argus Research reaffirmed its buy rating on Cracker Barrel Old Country Store, Inc. (CBRL) with a target price of $60, while the stock is currently trading at $46.66.
Argus Research's $60 price target implies 28.60% upside from Cracker Barrel Old Country Store, Inc.'s ($CBRL) current $46.66 share price.
The company's price target reflects optimism, especially after Wells Fargo upgraded its rating to 'buy' with a $50 target earlier this month.
Cracker Barrel has a market cap of about $1 billion and a P/E ratio of 39.0, indicating a premium valuation in the restaurant sector.

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Argus Maintains Bullish Outlook

On June 12, 2026, Argus Research reiterated its buy rating on Cracker Barrel Old Country Store, Inc. (CBRL) with a price target of $60. This update comes as the stock is trading at approximately $46.66 on NasdaqGS. Analyst Christine Dooley believes the restaurant chain has significant upside potential despite mixed signals from other analysts.

Changes in Analyst Ratings

The target price of $60 represents a notable increase from previous expectations. Argus's commitment to a bullish stance on Cracker Barrel suggests confidence in the company’s ability to rebound. This follows a recent upgrade from Wells Fargo, which raised its rating on Cracker Barrel to 'buy' with a target of $50 on June 10, 2026.

Other Analysts Weigh In

Several other firms have also provided their insights on Cracker Barrel. Citigroup maintains a sell rating with a target of $44, up from $42, while UBS holds a neutral rating with a target of $46, raised from $37. Wells Fargo's recent upgrade to 'overweight' with a $60 target reflects a more optimistic view compared to Citigroup's stance. This mix of ratings highlights the varying perspectives on Cracker Barrel's future performance.

Stock Performance Overview

Cracker Barrel's stock is currently trading near the midpoint of its 52-week range, which spans from a low of $24.85 to a high of $60.26. The stock's performance has been impacted by recent earnings, with revenue declining slightly by 2.9%. However, the positive outlook from Argus may help bolster investor confidence as the company navigates its challenges.

12-month forecast

$CBRL price target

Cracker Barrel Old Country Store, Inc. daily closes and this analyst's $60 target. Not advice.

Recent Earnings

In its most recent earnings report, Cracker Barrel reported revenue of approximately $3.34 billion, demonstrating the scale of its operations in the restaurant industry. The company has a net margin of 0.786%, which reflects its profitability in a competitive market. The next earnings report is scheduled for September 23, 2026, which will provide further insights into its financial health.

Company Background

Cracker Barrel Old Country Store, Inc. operates a chain of restaurants and gift shops across the United States. Known for its homestyle cooking and unique gift offerings, the company has been a staple in the consumer cyclical sector since its incorporation in 1969. The reaffirmation of Argus's buy rating highlights the potential for growth in the restaurant segment.

What's Ahead for CBRL

Investors will be watching closely as Cracker Barrel approaches its next earnings report on September 23, 2026. The current 13F filings reflect positions that may change, and Argus’s bullish outlook could influence market sentiment moving forward. As analysts continue to assess the company's performance, the mixed ratings suggest a cautious but optimistic view on its future.