Is Sardar Biglari's appetite for shares of Cracker Barrel Old Country Store waning? (Or is the stock getting expensive after a three-month run of 33 percent?) The San Antonio-based boss of Steak n Shake and activist investor filed papers Friday to show that his Biglarl Holdings added just 4,100 shares to its holdings last Wednesday. The week before, that number was more than 50,000 shares. Biglari now owns a shade under 13.3 percent of Lebanon-based Cracker Barrel.

Sardar Biglari last Wednesday snapped up another 54,515 shares of Cracker Barrel Old Country Store, adding to his stake of more than 13 percent. If we had to put money on it, we think we'll be writing up another item like this later this week.

Sardar Biglari's appetite for shares of Cracker Barrel Old Country Store shows no signs of wavering. The Texas-based investor and owner of the Steak n Shake and Western Sizzlin chains on Wednesday bought another 54,515 shares of the local restaurant chain for more than $2.8 million. The purchases lifted his stake in Cracker Barrel (Ticker: CBRL) to 13.3 percent and his 2012 investment in the company to about $40 million.

Cracker Barrel Old Country Store on Tuesday afternoon released the official tally of the Sardar Biglari shareholder votes (and some other topics) from last week. The "significant margin" the company referenced in announcing that Biglari had fallen short in his bid to win a board seat turned out to be more than 5.3 million shares. That means Biglari's four-month campaign to change the direction at Cracker Barrel managed to sway the opinions of investors holding almost 4.4 million shares. That's about 19 percent of Cracker Barrel's outstanding stock and — along with a firm rejection of the poison pill extension — a sign that President and CEO Sandy Cochran may hear more from some shareholders in the coming months.