Cracker Barrel initiated with a Hold at Freedom Broker

Freedom Broker analyst Raimzhan Bayterek initiated coverage of Cracker Barrel (CBRL) with a Hold rating and $30 price target Cracker Barrel retains a differentiated restaurant-plus-retail model and broad brand recognition, but near-term fundamentals remain constrained by weak guest traffic and limited balance-sheet flexibility, says the analyst, who sees limited upside from current levels.