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Fly News Breaks for June 5, 2019
CBRL
Jun 5, 2019 | 07:18 EDT
Wells Fargo analyst Jon Tower raised his price target for Cracker Barrel to $153 from $147 following quarterly results. The analyst notes, however, that Q3 results took a backseat to changes in shareholder payouts, the company's food inflation outlook, and current quarter-to-date same-store sales color given the new chicken platform launch. He reiterates a Market Perform rating on the shares.
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