(Reuters) Activist hedge fund Marcato Capital Management said on Monday it had acquired a 5.1 percent stake in casual restaurant chain Buffalo Wild Wings, sending the company’s share price up as much as 4.5 percent.
In a filing with the U.S. Securities and Exchange Commission, San Francisco-based Marcato said the company’s shares were undervalued and that it has already had discussions with its management about improving operations and plans to keep talking with the top executives and the board.
