5.5% Stake of Diversified Restaurant Holdings, Inc (BAGR) Owned by Philotimo Fund, LP
Philotimo Fund, LP
recently stated that they own a 5.5% stake in Diversified Restaurant Holdings, Inc (NASDAQ:BAGR) in a Form 13D disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, August 9th. The investor owns 1,460,324 shares of the stock valued at $4,366,369. The reporting parties listed on the disclosure included Kanen Wealth Management LLC and David Kanen, Managing Member of Kanen Wealth Management, LLC. The filing is available through Edgar at this link.
Philotimo Fund, LP
provided the following explanation of their ownership:
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Diversified Restaurant Holdings Company Profile
Diversified Restaurant Holdings, Inc (DRH) is a restaurant company. The Company is a franchisee of Buffalo Wild Wings (BWW).As of September 25, 2016, the Company operated 64 BWW restaurants, which are located in Michigan, Florida, Missouri, Illinois and Indiana. The BWW restaurants feature a range of menu items with a multimedia social environment, a bar and an open layout designed to create a dining experience for sports fans and families.
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