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Fly News Breaks for September 18, 2019
CBRL
Sep 18, 2019 | 07:50 EDT
SunTrust analyst Jake Bartlett raised his price target on Cracker Barrel to $165 but kept his Hold rating, saying the company's "impressive" Q4 earnings and strong 3.8% comps were offset by the sector-weakened initial FY20 same-store sales forecast of 2%-3%. The analyst notes that the guidance also implies "flat to 2%" annual growth while modeling a 2.0%-2.5% commodity inflation outlook, which he warns may prove to be too low.
News For CBRL From the Last 2 Days
