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Lessons for fast casual from casual dining

Steve Rockwell is managing director of Restaurant Investment Banking at Janney Montgomery Scott and has 30 years of experience in the restaurant industry. He can be reached at [email protected]

Casual dining, once the hottest sector of the restaurant industry, is anything but today. Recent headlines have covered everything from activist investors getting involved in order to rejuvenate a brand and jump-start performance of the stock, to management shakeups and bankruptcies. Consider the following, which have taken place in just the last few months:

1.     Activists have become involved with Darden Restaurants Inc. and BJ’s Restaurants Inc.;

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