Comment by dhosek
4 months ago
I recall reading somewhere about some investor who wanted to take control of cb who drove this, so less shorting and more opportunistic drive down the price to buy more shares at a lower price.
4 months ago
I recall reading somewhere about some investor who wanted to take control of cb who drove this, so less shorting and more opportunistic drive down the price to buy more shares at a lower price.
Yes. Sardar Biglari, who's an activist investor and the CEO and owner of Steak'n'Shake, has been pushing for more control over Cracker Barrel for several years. He amplified some of the backlash against Cracker Barrel.
https://fortune.com/2025/09/18/sardar-biglari-war-against-cr...