Biglari Holdings buys $4.6M in Cracker Barrel stock, holds nearly 16% of company

Biglari Holdings buys $4.6M in Cracker Barrel stock, holds nearly 16% of company

Biglari Holdings Inc. and related entities spent $4.6 million last week to buy more shares of Cracker Barrel Old Country Store Inc., giving the company command of 15.6 percent of Cracker Barrel’s shares.

Activist investor Sardar Biglari is chief executive of San Antonio, Texas-based Biglari Holdings, which is parent to the Steak ‘n Shake and Western Sizzlin restaurant chains.

Cracker Barrel is a Lebanon, Tenn.-based operator of 611 family restaurants.

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