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The company says it will focus on organic growth after shareholders block a proposed merger with Ninety Nine Restaurants.
The movie theater-restaurant chain raised less than it originally planned.
Marathon Partners accuses J. Alexander's of "manipulation" in its effort to merge with Ninety Nine Restaurants, says RB's The Bottom Line.
The casual-dining chain plans to buy out small shareholders to cut costs.
The founder of Planet Hollywood is now an activist investor in the casual-dining operator, The Bottom Line says.
The former McDonald's executive will take the marketing helm at the casual-dining chain.
The nostalgic brand reports growth with its modern prototype.
The casual-dining chain operator also named Dan Kiernan president of Olive Garden.
A pair of advisory firms are recommending that shareholders vote against the deal.
The company is slowing growth of Del Frisco's Grille amid sales challenges.
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