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Fly News Breaks for February 21, 2018
CBRL
Feb 21, 2018 | 08:37 EDT
SunTrust analyst Jake Bartlett lowered his price target on Cracker Barrel to $152 after the company's Q2 SSS missed expectations despite the enhanced off-premise initiative, the Christmas shift and exposure to outperforming markets like Florida and Texas. Bartlett adds that the company lowered its FY18 outlook as expected, but warns that further weakness this month poses a risk to those projections. The analyst keeps his Hold rating on Cracker Barrel.
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