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The company, facing activist pressure, said it is considering strategic alternatives.
The company's stock is at a low point, which could be a challenge for the company as activists push a sale, says RB’s The Bottom Line.
Engaged Capital said the restaurant group has “destroyed substantial shareholder value.”
But the company, which recently acquired Bartaco and Barcelona Wine Bar, has ambitious expansion plans.
Scott Smith was named president of Del Frisco’s Double Eagle Steakhouse.
Starbucks has vowed to cut unit-level administrative tasks in half, while Del Frisco’s is reducing its dependence on beef. And those aren’t the only ways restaurant operators are subtly improving their lot.
In the dance between operator and investor, here’s how to call the tune.
Del Frisco’s acquisition of Barteca shows Wall Street’s willingness to accept more strategic deals, says RB’s The Bottom Line.
The $325 million deal will bring the steakhouse-centered company a high-energy vibe and strength in new dayparts.