February marked yet another month of disappointed sales for the industry, with a -3.7% decline in same-store sales and -5.0% decline in traffic during the month. Given the current state of the restaurant industry, many public restaurant companies are the targets of activist investors, who look to implement major changes to a company's strategic plans to unlock shareholder value. Typical public restaurant companies have smaller-to-midsize market capitalizations, allowing hedge funds and institutional investors to amass sizable stakes at a relatively quick speed. Read the report for more detail on industry trends, market indices, public market performance and deal activity.
Read Restaurant Monthly Update - March 2017
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