Cracker Barrel Issues $345M Convertible Senior Notes

Cracker Barrel ( (CBRL) ) just unveiled an update.

On June 13, 2025, Cracker Barrel Old Country Store, Inc. completed the issuance and sale of $345 million in 1.75% Convertible Senior Notes due 2030, with net proceeds of approximately $333.9 million. The funds are intended for general corporate purposes, including repurchasing $150 million of existing notes and entering into capped call transactions to mitigate potential stock dilution. The issuance is part of Cracker Barrel’s strategy to manage its debt and financial positioning, with implications for its market operations and stakeholder interests.

The most recent analyst rating on (CBRL) stock is a Buy with a $55.00 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 is primarily influenced by stable financial performance with pressure on profitability and leverage, supported by positive technical indicators. Valuation concerns and challenges in retail segment growth temper the outlook, though strategic board appointments and effective cost management provide potential for future improvement.

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, primarily offering a combination of dining services and retail merchandise. The company is known for its Southern country theme and focuses on providing a unique dining experience alongside a variety of retail products.

Average Trading Volume: 1,096,152

Technical Sentiment Signal: Sell

Current Market Cap: $1.16B

For an in-depth examination of CBRL stock, go to TipRanks’ Overview page.