BlackRock and Vanguard are majority owners of Cracker Barrel stock, and they put their ESG executives in place the past two years. DEI and all that. It’s happening to a lot of what used to be solid brands.
They’re not:
Major shareholders: Cracker Barrel Old Country Store, Inc.
Name Equities % Valuation
BlackRock Advisors LLC
3,087,062 13.87 % 191 M $
GMT Capital Corp.
2,833,700 12.73 % 176 M $
GMT Capital Corp.
2,833,700 12.73 % 176 M $
Vanguard Fiduciary Trust Co.
2,574,599 11.57 % 160 M $
AllianceBernstein LP
1,235,595 5.551 % 77 M $
AllianceBernstein LP
1,222,242 5.491 % 76 M $
EARNEST Partners LLC
1,219,507 5.479 % 76 M $
EARNEST Partners LLC
1,219,507 5.479 % 76 M $
Biglari Capital LLC
973,436 4.373 % 60 M $
Biglari Capital LLC
896,775 4.029 % 56 M $
I see you beat me to it. Yes, ESG.
“BlackRock and Vanguard are majority owners of Cracker Barrel stock,”
Ditto for Progressive Insurance, IIRC.