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