NasdaqGS:CBRLHospitality
Cracker Barrel (CBRL): Rethinking Valuation After Activist Pressure, Earnings Update, and $100M Buyback Announcement
If you have been tracking Cracker Barrel Old Country Store (CBRL) lately, this week probably caught your eye. Things took a sharp turn when activist investor Biglari Capital filed a preliminary proxy statement urging shareholders to withhold votes from two board members and vote against several management-backed measures. Add in new earnings guidance, fourth-quarter results, a fresh dividend affirmation, and news of a $100 million share buyback, and there is no shortage of talking points for...