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Benzinga

Business

Chris Katje

Cracker Barrel Rebrand Backlash Overshadows Stronger Q4 Comp Sales, Analyst Says

Cracker Barrel Sara Senatore CBRL Brian Mullan Nasdaq Piper Sandler

Cracker Barrel Restaurant

Cracker Barrel Old Country Store (NASDAQ:CBRL) analysts remain cautious on the restaurant company amid public backlash on a logo rebrand after the company reported fourth-quarter financial results on Wednesday.

The Cracker Barrel Analysts: Bank of America Securities analyst Sara Senatore reiterated an Underperform rating on Cracker Barrel and lowered the price target from $48 to $42.

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