Cracker Barrel price target raised to $31 from $26 at UBS

UBS analyst Dennis Geiger raised the firm’s price target on Cracker Barrel (CBRL) to $31 from $26 and keeps a Neutral rating on the shares. Cracker Barrel reported better-than-expected same-store sales supported by modestly improved traffic in January versus November and December, with trends continuing to improve in February, though results remain pressured by the rebranding controversy and broader macro headwinds, the analyst tells investors in a research note. FY26 guidance was updated to $3.24B-$3.27B in revenue and $85M-$100M in adjusted EBITDA, with management focused on driving a traffic recovery through menu innovation, value offerings, operations improvements, and loyalty initiatives, while limited visibility into the pace of recovery keeps sentiment cautious, UBS says.