BUZZ-Cracker Barrel jumps on upbeat annual revenue forecast, Q3 results beat
Cracker Barrel Old Country Store, Inc. CBRL | 0.00 |
** Shares of casual dining chain Cracker Barrel Old Country Store CBRL.O up ~10% at $39.78 premarket
** Co raised its annual revenue forecast and beat estimates after market close on Tuesday
** Brokerage Wells Fargo upgrades stock to "Overweight" from "equal-weight",raises PT to $50 from $35
** "Quarterly beat & raise confirms business is on firmer footing & turnaround is regaining ground," brokerage says
** Adds responses to last summer's challenges like launching Campfire meals are working
** Two of 10 brokerages rate the stock "buy" or higher, five "hold" and three "sell" or lower; their median PT is $33- data compiled by LSEG
** As of last close, stock up 43% YTD
