We recently added DFRG to the Hedgeye Best Ideas list as a SHORT.
We’re hosting a conference call TODAY at 11am EST to run through our thesis and field questions.
DFRG is a high-conviction short given slowing trends, concerns over the core business, rising commodity costs, positive sentiment, valuation, and more. Our sum-of-the-parts analysis suggests significant downside.
DFRG develops, owns and operates three fine dining restaurants: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse, and Del Frisco’s Grille. The full-service steakhouse company currently operates 40 restaurants in 20 states and primarily caters to the high end consumer. The stock is up ~45% over the last 6 months.
Participant Dialing Instructions
Toll Free Number:
Direct Dial Number:
Conference Code: 713418#
Materials: CLICK HERE