Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) on Tuesday reported better-than-expected third-quarter financial results and raised its FY26 sales guidance above estimates.

Cracker Barrel reported third-quarter revenue of $797.37 million, beating analyst estimates of $776.69 million. The restaurant operator reported adjusted earnings of 29 cents per share, beating estimates for a loss of 45 cents per share, according to Benzinga Pro.

"Our initiatives to improve operations, deepen guest connection and enhance profitability continue to gain traction, with strong execution from our teams driving third quarter results that exceeded expectations," said Julie Masino, president and CEO of Cracker Barrel.

Cracker Barrel raised its fiscal 2026 revenue guidance from a range of $3.24 billion to $3.27 billion to a new range of $3.27 billion to $3.30 billion, versus estimates of $3.25 billion.

Cracker Barrel shares rose 23.1% to trade at $44.69 on Wednesday.

These analysts made changes to their price targets on Cracker Barrel following earnings announcement.

  • Wells Fargo analyst Anthony Trainor upgraded the stock from Equal-Weight to Overweight and raised the price target from $35 to $50.
  • Citigroup analyst Jon Tower maintained the stock with a Sell and raised the price target from $28 to $34.

Considering buying CBRL stock? Here’s what analysts think:

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