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0.001557632398754 0 -0.00623052959501558 0.0109034267912773 0.015576323987539 0.0179127725856698 0.00311526479750786 0.0101246105919004
Stock impact report

Finally, An Activist Tries To Stop Horrid Capital Allocation At Del Frisco's Restaurant Group [Seeking Alpha]

DEL FRISCOS RESTAURANT (DFRG) 
Last del friscos restaurant earnings: 8/6 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.dfrg.com
Company Research Source: Seeking Alpha
While the landscape for restaurant stocks had been brutal in 2018, largely due to intense competition and labor cost pressures, investors in Del Frisco's Restaurant Group ( DFRG ) have been punished more than has been typical. The shares are down nearly 60% this year, after opening 2018 above $15 each, but the losses may very well be coming to an end. Activist hedge fund Engaged Capital has acquired a 9.9% stake in the company via open market purchases since November, at prices between $6.14 and $7.03, right around the current quote in the mid 6s. DFRG data by YCharts In addition, the fund sent a letter to the board outraged at the lack of capital allocation acumen exhibited by management and has demanded change, including a possible sale of the company. Investors hear a lot about capital allocation when CEOs and boards of directors are evaluated. Stock buybacks tend to occur at high prices (when business is good and cash flow is pouring in), only to Show less Read more
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