Cracker Barrel Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts stock, person, analyst, company, Sarah Moore, organization, Cracker Barrel, financial news website, new Chief Marketing Officer of Cracker Barrel by https://www.benzinga.com/
AI Insights:
Simple Explanation:
an article is about a restaurant named Cracker Barrel. They will share their money results soon. Some people on a street called Wall Street know a lot about money and they made predictions about Cracker Barrel's money. One person named Sarah Moore got a new job there to help make Cracker Barrel more popular. The article also talks about some people who are really good at guessing money stuff and they gave their thoughts on Cracker Barrel's money. Read from source...
Critical Perspective:
The article appears to be a simple news update on Cracker Barrel's projected earnings, with a touch of insider information about recent company changes. However, upon further examination, it seems to be subtly influencing readers to view Cracker Barrel's decline in projected earnings as negative and that the company's recent changes are not worth mentioning. Furthermore, the article provides a disproportionate amount of space to downgrades and underperform ratings, while ignoring upgrades and outperform ratings. These factors lead to the conclusion that the article may be unfairly influencing readers' perceptions of Cracker Barrel's financial health.
Investment Analysis:
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1. Cracker Barrel Old Country Store, Inc. (CBRL)
- Recent forecast changes: quarterly earnings expected to be at $1.10 per share, down from $1.79 per share in the year-ago period. Quarterly revenue expected to be at $897.38 million, compared to $836.73 million a year earlier.
- Recent analyst actions: Truist Securities analyst Jake Bartlett maintained a Hold rating and cut the price target from $46 to $42 on Sept. 5; Argus Research analyst Jim Kelleher downgraded the stock from Buy to Hold on Aug. 6; B of A Securities analyst Sara Senatore maintained an Underperform rating and cut the price target from $48 to $46 on July 17; Citigroup analyst Jon Tower maintained a Sell rating and cut the price target from $48 to $42 on May 31; Piper Sandler analyst Brian Mullan maintained a Neutral rating and cut the price target from $75 to $70 on March 4.
- CBRL's recent news: named Sarah Moore as new Chief Marketing Officer on July 18.
- Risk: downgrade in EPS from previous year and a sell rating from Citigroup analyst Jon Tower.
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