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

Argus Research Maintains Bullish Stance on Cracker Barrel

Argus Research analyst Christine Dooley reaffirmed a Buy rating for Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) on June 12, 2026. Along with the rating, the firm kept its price target at $60.00. This target suggests the firm expects the stock to climb significantly from its current levels, even as the restaurant industry faces a shifting consumer landscape.

Analysts Set New Price Targets

Wall Street isn't in total agreement on where Cracker Barrel is headed. On September 25, 2026, Citigroup maintained a Sell rating on the stock but did raise its price target slightly to $44.00 from $42.00. UBS took a more middle-of-the-road approach on September 21, 2026, keeping a Neutral rating while lifting its target from $37.00 to $46.00. Meanwhile, Wells Fargo showed more optimism on July 22, 2026, maintaining an Overweight rating and a $60.00 price target, up from a previous $50.00. Across eight analysts, the average price target sits at $46.13, suggesting the stock is trading right around what many consider its fair value.

Cracker Barrel Stock Performance and Valuation

On Saturday, Cracker Barrel shares were priced at $46.42. The stock has seen a wide range over the last year, hitting a low of $24.85 and a high of $60.26. Currently, the stock is trading comfortably above its 200-day moving average of $37.99, though it has pulled back recently from its 50-day average of $54.02. With a price-to-earnings (P/E) ratio of 39.0, the company is trading at a higher multiple than some of its peers in the restaurant sector. The company's total market value is roughly $1.00 billion.

Recent Earnings and Revenue Trends

In its most recent financial reports, Cracker Barrel brought in $3.34 billion in revenue, though sales growth dipped about 2.9%. The company maintains a narrow net margin of 0.79% and a return on equity of 5.61%. Investors looking for the next update on the company's financial health can look toward September 23, 2026, when Cracker Barrel is expected to release its next round of earnings results.

Dividend Payments Continue

Cracker Barrel continues to return cash to its shareholders through a regular dividend. The company pays an annual dividend rate of $1.00 per share, which works out to a yield of 2.22% based on the current stock price. The payout ratio is quite high at nearly 87%, meaning a large portion of the company's profits is currently being used to cover these dividend payments.

About Cracker Barrel Old Country Store, Inc.

Cracker Barrel operates more than 600 locations across the United States, combining a traditional sit-down restaurant with a retail gift shop. Known for its southern-country theme, the company sells everything from breakfast platters to rocking chairs and seasonal decor. As the company navigates higher costs for food and labor, analysts like Christine Dooley are watching to see if its unique mix of dining and retail can help it outperform the broader restaurant market.

What to Watch

Investors should keep an eye on whether the company can hit the $60.00 target set by Argus or if it will gravitate toward the lower targets set by firms like Citigroup. The upcoming earnings report on September 23 will be a key moment to see if revenue growth can turn positive again. As with all analyst ratings, these targets are based on current market conditions and can change as new economic data becomes available.