Karcher Stake Increased: An investor group led...
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Karcher Stake Increased: An investor group led by a Las Vegas company has bought 300,000 shares of Carl Karcher Enterprises stock to increase its holding in the Anaheim fast-food chain to 5.78%, which is worth about $8 million.
The group, headed by Dito-Devcar Inc., said in a filing Monday with the Securities and Exchange Commission that it now owns a little more than 1 million shares and plans to continue as a passive investor in the operator-franchiser of Carl’s Jr. restaurants. The recent purchases were at prices ranging from $6.75 to $7.50 a share.
The company’s stock closed Monday at $7.875 a share, unchanged from Friday’s close on the NASDAQ system.
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