Cannae Holdings, Inc. (CNNE) PT Lowered by RBC After Q4 as Portfolio Shift Accelerates

Cannae Holdings, Inc. (NYSE:CNNE) is one of the most promising restaurant stocks to buy according to hedge funds.

TheFly reported on February 24 that RBC Capital kept an Outperform rating on CNNE while reducing its price target from $19 to $16 following the company’s fourth-quarter results. The firm noted that management is accelerating a shift in the company’s portfolio toward sports and entertainment assets, although near-term share repurchases are expected to provide less support as a positive catalyst.

The company released its Q4 2025 and full-year 2025 reports on February 23. Financially, Q4 2025 revenue totaled $103 million, down 6% from $110 million in 2024, driven by lower restaurant traffic and nine fewer O’Charley’s locations, partially offset by higher average guest checks and stronger resort revenues. Operating expenses were $127 million, including $12 million in non-cash impairments; excluding these, expenses fell 13%. Net recognized losses decreased $8 million, while equity losses from unconsolidated holdings totaled $69 million, mostly from Alight.

For the full year, CNNE said its revenue declined to $424 million from $453 million, and its operating loss rose to $119 million from $104 million, reflecting non-recurring charges and impairments. Excluding these items, operating expenses dropped approximately 27%. Year-end assets totaled over $1.3 billion against $330 million in liabilities, with $147 million in cash and only $48 million in corporate debt.

Cannae Holdings, Inc. (NYSE:CNNE) is a U.S. diversified holding company that makes strategic investments and actively manages a portfolio of operating businesses to create long‑term shareholder value.

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