Cracker Barrel Old Country Store, Inc. (CBRL) Soars Despite Complaints

My honest answer is that I don’t know. Biglari’s investment in the company, now nearing a value of $500  million, has made the investor and his company’s investors quite a bit of cash in a relatively short period of time. So why would he still be arguing for change at the company — change that shareholders have voted down twice? Logically, Biglari’s goal would be to further unlock shareholder value, suggesting that even at its near $100 stock price today (a more than 61% premium to the price one year ago), it has the potential to be worth a good bit more.

As for us
Given Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s outstanding growth on either side of the restaurant (a model that works great, when done well) and the potential for further value to come in the form of Biglari’s efforts (the company tried to buy him out of his shares in February, and he said no), Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) remains an attractive pick.

Investors interested in both capital appreciation and income should take a closer look at this fine purveyor of biscuits and gravy.

The article Cracker Barrel Soars Despite Complaints originally appeared on Fool.com.

Fool contributor Michael Lewis has no position in any stocks mentioned. The Motley Fool recommends Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL).

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