Cracker Barrel falls after downbeat forecast, brokerages cuts PT

Shares of casual dining chain Cracker Barrel Old Country Store CBRL.O fall 6.23% at $46.5 premarket after its full-year revenue forecast misses estimates

Piper Sandler cuts its PT on CBRL to $49 from $56, reaffirms neutral rating

Brokerge says the customer visits are down 8% since the Cracker Barrel's short-lived rebrand led to negative media coverage and one of the reasons guidance has fallen below analyst consensus

Brokerage expects FY26 and FY27 EBITDA estimates to be revised lower

Citigroup says that without higher foot traffic and improved sales, future forecasts remain doubtful; it cut its price target to $42 from $47

Two of 10 brokerages rate the stock "buy" or higher, five "hold" and 3 "sell" or lower; median PT is $49, according to data compiled by LSEG

Up to last close, stock down 6.2% YTD