Engaged Capital Pushes the Restaurant Group to explore strategic alternatives
Today activist fund Engaged Capital filed a 13D disclosing an approximately 9.99% stake in Del Frisco's Restaurant Group (NASDAQ: DFRG). Engaged also included a letter to the Del Frisco's board in its filing. Highlights from the letter below:
The letter includes further analysis and peer comparisons highlighting Del Frisco's under performance. You can view the full letter here.
Del Frisco's stock price was up 16.5% on the this news. 13D Alerts subscribers received an alert this morning before market open for this filing.
Create a free account to start following hedge funds
Information provided here or in email alerts does not constitute investment advice nor an offer to sell securities. The information provided is for research purposely only and we do not take any responsibility for any loss or damage including and without limitation to any loss which may arise directly or indirectly from use of or reliance on such information. The writer of this article does not at the time of writing have any positions in DFRG, but may potentially purchase shares pending further analysis and market conditions.