Cracker Barrel Analysts Boost Their Forecasts After Upbeat Q2 Earnings
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Cracker Barrel (CBRL) reported Q2 earnings with adjusted EPS of $0.25, surpassing estimates, but revenue fell 7.9% to $874.8 million, missing expectations. The stock declined 1% to $30.34. Analysts adjusted price targets: UBS raised to $31, Truist to $47, and Wells Fargo to $35, maintaining their ratings. The full-year adjusted EBITDA outlook was narrowed to $85 million–$100 million.
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