Cracker Barrel Shares Soar 1.67% on Insider Buying

Cracker Barrel Old Country Store (CBRL) shares rose to their highest level since February 2025 today, with an intraday gain of 1.67%.

Over the past five years, the strategy of buying CBRL shares after they reached a high and holding for one week resulted in poor performance. The strategy yielded a return of -34.28%, significantly underperforming the benchmark return of 49.45%. With a Sharpe ratio of -0.35 and a maximum drawdown of -60.01%, the strategy also indicated high risk, highlighting the importance of risk management in such a volatile scenario.

Cracker Barrel Old Country Store has seen significant insider activity over the past year, with insiders being net buyers. This trend suggests a positive sentiment or confidence in the company's future prospects from those with intimate knowledge of its operations. Such insider buying can often be a bullish signal for investors, as it indicates that those closest to the company believe in its potential for growth and success.

Additionally, prominent investor Carl Icahn acquired a substantial number of shares in Cracker Barrel Old Country Store Inc. in April. Icahn's investment decisions are closely watched by the market, and his purchase of 275,500 shares could signal a positive outlook for the company. Icahn's involvement often brings attention and potential influence to the companies he invests in, which can further drive stock price movements.