BUZZ-Cracker Barrel jumps on upbeat annual revenue forecast, Q3 results beat

Cracker Barrel Old Country Store, Inc.

Cracker Barrel Old Country Store, Inc.

CBRL

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** 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