Cracker Barrel Enters New Credit Agreement with BofA

Cracker Barrel ( (CBRL) ) has issued an announcement.

On May 16, 2025, Cracker Barrel Old Country Store, Inc. entered into a new credit agreement with Bank of America, reducing its revolving credit facility from $700 million to $550 million and introducing a new $250 million delayed draw term loan facility. The company also amended its bylaws to address shareholder concerns, adopting provisions like majority voting in uncontested director elections and proxy access for shareholders owning at least 3% of stock for three years.

The most recent analyst rating on (CBRL) stock is a Sell with a $54.00 price target. To see the full list of analyst forecasts on Cracker Barrel stock, see the CBRL Stock Forecast page.

Spark’s Take on CBRL Stock

According to Spark, TipRanks’ AI Analyst, CBRL is a Neutral.

Cracker Barrel’s overall stock score reflects a stable financial position with strong cash flow and positive momentum in technical indicators. However, challenges in profitability and leverage, combined with a high P/E ratio, temper the score. Positive earnings call sentiment and strategic improvements provide a supportive outlook, but valuation concerns and leverage risks should not be overlooked.

To see Spark’s full report on CBRL stock, click here.

More about Cracker Barrel

Cracker Barrel Old Country Store, Inc. operates in the restaurant and retail industry, offering a combination of dining and shopping experiences. The company is known for its Southern country-themed restaurants and retail stores, which focus on traditional American comfort food and nostalgic merchandise.

Average Trading Volume: 1,037,541

Technical Sentiment Signal: Sell

Current Market Cap: $1.23B

For a thorough assessment of CBRL stock, go to TipRanks’ Stock Analysis page.