Wells Fargo Upgrades Cracker Barrel to 'Buy' with $50 Target

Wells Fargo's analyst Anthony Trainor has upgraded Cracker Barrel Old Country Store, Inc. (NasdaqGS: CBRL) to a 'buy' rating, setting a new price target of $50. This change was announced on June 10, 2026, as Cracker Barrel shares traded around $46.66.

Analysts Set New Price Targets

On June 10, 2026, Wells Fargo upgraded Cracker Barrel to a 'buy' rating with a $50 price target. This follows other analysts' actions, with Argus Research maintaining a 'buy' rating and setting a target of $60 on June 12, 2026. UBS, on the same day as Wells Fargo's upgrade, maintained its 'hold' rating with a $37 target, while Citigroup maintained a 'sell' rating with a $34 target.

Cracker Barrel Old Country Store, Inc. Stock Down 18.9%

Shares of Cracker Barrel recently traded at $46.66. The company has a market cap of about $1.04 billion and a P/E ratio of 40.6. Its beta is 1.296, indicating slightly higher volatility than the market. The stock's 52-week range is between $24.85 and $71.93, with a 50-day moving average of $31.82 and a 200-day moving average of $33.62. The current ratio is 0.501, and the quick ratio is 0.118, reflecting its liquidity position. The debt-to-equity ratio stands at 246.663.

Recent Earnings

Cracker Barrel reported revenue of approximately $3.34 billion, though it experienced a revenue decline of 2.9%. The company achieved a net margin of 0.786% and a return on equity of 5.61%. The next earnings report is scheduled for June 9, 2026.

Dividend

Cracker Barrel offers a dividend with an annual rate of $1.00, yielding 2.14%. The payout ratio is 86.96%, indicating a high payout relative to earnings.

Insider Buying and Selling at Cracker Barrel Old Country Store, Inc.

Several insiders have been active in recent months. On May 4, 2026, Jennifer Lankford, SVP and General Counsel, purchased 1,021 shares at $29.08. Earlier, on March 9, 2026, Doug Hisel, SVP of Store Operations, bought 1,084 shares at the same price. Conversely, Jim Mark Spurgin, SVP Chief Supply Chain Officer, sold 318 shares at $32.76 on January 17, 2026.

About Cracker Barrel

Cracker Barrel Old Country Store, Inc. operates a chain of restaurants and gift shops in the United States. Known for its Southern country theme, the company offers a range of dining services and unique retail items. Headquartered in Lebanon, Tennessee, and led by CEO Julie Felss Masino, Cracker Barrel employs over 76,000 people.

Bottom Line

Wells Fargo's upgrade of Cracker Barrel to a 'buy' reflects confidence in the company's future prospects, with a new price target of $50. Investors often track such analyst updates for insights, though it's important to remember that these ratings are based on available data and can change. As always, 13F filings and analyst ratings represent past positions and forecasts, not necessarily current or future conditions.