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finance

Financing

Needing cash, restaurant companies tap their banks

Several companies have drawn down on revolving credit lines as they seek to build up cash to get through a rough period.

Financing

Restaurant stocks get crushed again as coronavirus fears persist

Investors continued to flee from the industry amid recession concerns and stock market volatility.

Financing

Restaurant stocks plunge amid growing fears of coronavirus sales problems

By Jonathan Maze on Mar. 11, 2020

Black Box Intelligence said it expects weak sales this year amid steep declines in areas hit by COVID-19 and mounting risks of an economic slowdown.

Financing

Restaurant stock prices get hammered in another market rout

By Jonathan Maze on Mar. 09, 2020

Stocks plunged amid an oil price war and coronavirus fears, continuing a two-week run of high volatility.

Financing

Restaurant bankruptcies are increasing, and more could be on the way

By Jonathan Maze on Mar. 04, 2020

A Fitch Ratings report says Steak ‘n Shake and Checkers are at risk in a worsening operating environment, says RB’s The Bottom Line.

Leadership

Red Robin investor resumes its push for control

By Peter Romeo on Feb. 27, 2020

Vintage Capital is commencing a proxy fight to land four seats on the restaurant company’s board. It alleges that current directors haven’t been forthcoming about acquisition offers.

Financing

DoorDash plans an IPO

By Jonathan Maze on Feb. 27, 2020

The delivery provider has filed confidential registration statements for an initial public offering.

Financing

Papa Murphy’s owner delays earnings over an employee’s allegations

By Jonathan Maze on Feb. 14, 2020

MTY Group said it needs time to address complaints made by a whistleblower, which it deemed “frivolous.”

Financing

Citizens Financial Group to acquire Trinity Capital

By Jonathan Maze on Feb. 13, 2020

The acquisition will combine a major lender to restaurants with an investment bank that has closed more than 500 deals in the industry.

Financing

Muscle Maker Grill prices its IPO

By Jonathan Maze on Feb. 13, 2020

The struggling fast-casual chain expects to raise $7.7 million in its offering.

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