Mon Mar 10 14:10:00 UTC 2025: ## Cracker Barrel Stock Jumps on Truist Upgrade and Strong Q2 Results

**[City, State] –** Shares of Cracker Barrel Old Country Store (CBRL) surged in pre-market trading, rising 1.5% to $43.45, following a bullish upgrade from Truist Securities. The brokerage firm raised its rating on CBRL to “buy” from “hold” and boosted its price target by $4 to $55, citing the company’s strong second-quarter results and positive outlook.

Cracker Barrel reported better-than-expected Q2 earnings on Thursday, also raising the lower end of its annual revenue forecast. This initially sent the stock up 7.6% at the close of trading. Despite a challenging 2024, with shares down 31.4% for the year and 19% year-to-date prior to the recent surge, Truist believes Cracker Barrel is in the early stages of a turnaround.

The brokerage attributes the improved performance to the success of new menu items and enhanced service, enabling the company to increase prices while maintaining customer traffic. Truist also notes that anticipated adverse weather impacts in the third quarter are easing and that tariff risks related to China appear manageable due to the company’s sourcing strategies.

Currently, only two out of ten brokerages rate Cracker Barrel as a “buy” or higher, with five holding a “hold” rating and three recommending “sell” or lower. The median price target across all brokerages stands at $48. Despite the mixed analyst sentiment, the positive Q2 results and Truist’s upgrade suggest growing confidence in Cracker Barrel’s recovery.

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