Biglari Holdings buys $2.8M in Cracker Barrel stock

Biglari Holdings buys $2.8M in Cracker Barrel stock

Activist investor Sardar Biglari this week acquired 50,100 more shares of Cracker Barrel Old Country Store Inc., bringing his stake in the family-dining chain to more than 16.3 percent.

Biglari, whose San Antonio, Texas-based Biglari Holdings Inc. owns the Steak ‘n Shake and Western Sizzlin chains, has been buying Cracker Barrel stock since December, when he lost a contentious proxy battle to gain a board seat on the Lebanon, Tenn.-based company.

In U.S. Securities and Exc

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