Cracker Barrel is under siege by an activist investor who smells blood after the country restaurant chain’s logo fiasco.The owner of Steak ‘n Shake, Sardar Biglari, is contesting the re-election of Cracker Barrel chief executive Julie Felss Masino and director Gilbert Davila to the company’s board, according to a securities filing on Thursday.It’s Biglari’s eighth attempt to win a seat on Cracker Barrel’s board. He first invested in the company in 2011 and now owns nearly 3% of the company’s stock. 4 Sard ...

Activist investor Sardar Biglari started his eighth proxy fight against Cracker Barrel, seizing on the chain’s earnings miss, stock slide, and botched $700 million rebrand to argue that CEO Julie Masino and the board have destroyed shareholder value. Activist investor Sardar Biglari launched his eighth proxy battle at Cracker Barrel after the dining chain reported disappointing fourth-quarter earnings on Wednesday. In a filing on Thursday, Biglari, who is also the CEO of Steak n’ Shake, urged sharehold ...