Improved menus? Where insiders are dining in their own restaurants

Article Abstract:

Consumer spending has evidently gone up with the recent increase in insider accumulation in some restaurant firms. Some of the restaurants which had posted sufficient buying include Uno Restaurant Corp., Darden Restaurants Inc. and Cooker Restaurant Corp. At Uno Restaurants, Chmn. Alan Spencer and Pres. Craig Miller both considerably improved their common holdings while five executives were responsible for the pick-up in Darden's insider buying activity. Meanwhile, Cooker's most active buying was at the low prices.

Consumption (Economics), Cooker Restaurant Corp., CGR

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These insiders may eat in their own restaurant but the company is picking-up part of the tab

Article Abstract:

The bustle in the stock market for Darden Restaurant shares is traced to executives' compensation through loans and stock option grants for their open-market purchases, aside from set stock ownership guidelines for its insiders as revealed in company documents. Instead of serving as a positive indicator of growth for the establishment, the said activity only ensued because of the self-serving motives of those who engaged in it, who, in turn, benefited more than the business outfit itself.

Stock Options, Executive compensation, Insider trading in securities, Insider trading (Securities)

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Buy side follow ups: Uno Restaurant

Article Abstract:

Uno Restaurant Corp. insiders purchased a total of 805,000 shares from Jul. 24 to Aug. 15, 1996 at $5.75-$6 per share. The Uno Restaurant issue has dropped 15% to the $6 level since it reached a yearly high of $7.50 in Jul. 1996. Chmn. Alan Spencer purchased 800,000 shares at $6 each, increasing his common holdings by 15%. Spencer's $4.8-million investment is his biggest open-market purchase since 1987 when he started filing. Pres. Craig Miller increased his holdings by 5,000 shares.

Evaluation, Stocks

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