Cracker Barrel jumps as Q3 results top expectations, guidance raised, and litigation settlement boosts profit

Cracker Barrel Old Country Store, Inc. (CBRL) is up 24.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The biggest driver appears to be the company’s fiscal Q3 2026 earnings release, which beat expectations and came with a meaningful increase to full-year adjusted EBITDA guidance. Investor sentiment also looked to improve after the company disclosed a sizable litigation settlement benefit that lifted GAAP profitability.

Details:

Cracker Barrel reported fiscal Q3 2026 revenue of $797.4 million and GAAP EPS of $1.90, with GAAP net income rising versus the prior-year quarter.

The quarter included a $47.4 million benefit (net of legal fees) tied to a settlement agreement resolving interchange fee litigation, which the company recorded as litigation settlement income.

The company raised fiscal 2026 outlook, increasing expected total revenue to $3.27–$3.30 billion and lifting adjusted EBITDA guidance to $120–$125 million (up from a prior range of $85–$100 million).

The board declared a $0.25 per share quarterly dividend, payable August 12, 2026, to shareholders of record July 17, 2026.

Sources:

Cracker Barrel Investor Relations, U.S. SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CBRL Insider Trading Activity

$CBRL insiders have traded $CBRL stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $CBRL stock by insiders over the last 6 months:

CAPITAL CORP GMT has made 0 purchases and 8 sales selling 339,200 shares for an estimated $9,029,504.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$CBRL Hedge Fund Activity

We have seen 121 institutional investors add shares of $CBRL stock to their portfolio, and 146 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

TWO SIGMA INVESTMENTS, LP added 683,566 shares (+inf%) to their portfolio in Q1 2026, for an estimated $19,215,040
GMT CAPITAL CORP removed 649,500 shares (-29.0%) from their portfolio in Q1 2026, for an estimated $18,257,445
FMR LLC removed 565,197 shares (-99.6%) from their portfolio in Q1 2026, for an estimated $15,887,687
MILLENNIUM MANAGEMENT LLC removed 560,671 shares (-98.4%) from their portfolio in Q1 2026, for an estimated $15,760,461
BIGLARI CAPITAL CORP. removed 549,141 shares (-93.9%) from their portfolio in Q1 2026, for an estimated $15,436,353
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 461,481 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $12,972,230
VANGUARD GROUP INC removed 444,859 shares (-17.6%) from their portfolio in Q4 2025, for an estimated $11,299,418

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CBRL Congressional Stock Trading

Members of Congress have traded $CBRL stock 6 times in the past 6 months. Of those trades, 3 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $CBRL stock by members of Congress over the last 6 months:

REPRESENTATIVE TIM MOORE has traded it 6 times. They made 3 purchases worth up to $150,000 on 03/23, 12/31, 12/16 and 3 sales worth up to $250,000 on 04/01, 01/05, 12/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CBRL Analyst Ratings

Wall Street analysts have issued reports on $CBRL in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

B of A Securities issued a "Underperform" rating on 12/19/2025

To track analyst ratings and price targets for $CBRL, check out Quiver Quantitative's $CBRL forecast page.

$CBRL Price Targets

Multiple analysts have issued price targets for $CBRL recently. We have seen 6 analysts offer price targets for $CBRL in the last 6 months, with a median target of $32.5.

Here are some recent targets:

Anthony Trainor from Wells Fargo set a target price of $50.0 on 06/10/2026
Sara Senatore from B of A Securities set a target price of $34.0 on 06/05/2026
Raimzhan Bayterek from Freedom Broker set a target price of $30.0 on 04/06/2026
Jake Bartlett from Truist Securities set a target price of $47.0 on 03/05/2026
Dennis Geiger from UBS set a target price of $31.0 on 03/05/2026
Jon Tower from Citigroup set a target price of $28.0 on 03/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.