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The Cleaner

LionEye ups its Famous Daves Stake: Now owns 12.8%

LionEye Capital and Stephen Raneri upped its stake in Famous Daves by over 10%, putting its ownership of the restaurant to 12.8%. They've been active since Jan. Still looking for the exact thesis that LionEye has, but one notable one is for capital returns, where it's balance sheet is much superior to its peers.