Piper Sandler Sticks to Its Hold Rating for Cracker Barrel (CBRL)

In a report released today, Brian Mullan from Piper Sandler maintained a Hold rating on Cracker Barrel, with a price target of $27.00.

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Mullan covers the Consumer Cyclical sector, focusing on stocks such as Cracker Barrel, Yum! Brands, and Shake Shack. According to TipRanks, Mullan has an average return of 11.6% and a 61.58% success rate on recommended stocks.

In addition to Piper Sandler, Cracker Barrel also received a Hold from TipRanks – xAI’s xAi Restaurants in a report issued on January 14. However, on January 12, TipRanks – Google downgraded Cracker Barrel (NASDAQ: CBRL) to a Sell.

Based on Cracker Barrel’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $797.19 million and a GAAP net loss of $24.62 million. In comparison, last year the company earned a revenue of $845.09 million and had a net profit of $4.84 million

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBRL in relation to earlier this year. Last month, Gmt Capital Corp, a Major Shareholder at CBRL sold 42,400.00 shares for a total of $1,083,744.00.