Insider Trading Review: MEXICAN RESTS $CASA

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MEXICAN RESTS (CASA) insiders have most recently took part in a trading activity. On Dec 19, 2017 Evans Bruce R, Director bought 250,000 shares having total worth of $3,250,000 at the price of $13 per share, following the transaction a total of 38,842,000 shares owned by Evans Bruce R.

On the same day, Chung Peter Y, 10% Owner bought 250,000 shares having total worth of $3,250,000 at the price of $13 per share, following the transaction a total of 38,842,000 shares owned by Chung Peter Y.

On the same day, Summit Partners L P, bought 250,000 shares having total worth of $3,250,000 at the price of $13 per share, following the transaction a total of 38,842,000 shares owned by Summit Partners L P.

Shares of MEXICAN RESTS (CASA) traded up 1.39% on Dec 18, 2017, hitting $14.6. 550,910 shares of the company’s stock traded hands. MEXICAN RESTS has a 52 week low of $0.21 and a 52 week high of $14.6. The company’s market cap is $0 million.

Mexican Restaurants, Inc. was incorporated under the name ‘Casa Olé Restaurants, Inc.’ under the laws of the State of Texas in February 1996, and had its initial public offering of Common Stock in April 1996. In May 1999, it changed the corporate name to Mexican Restaurants, Inc. It operates and franchises full-service Mexican-theme restaurants featuring various elements associated with the casual dining experience under the names Casa Olé, Monterey’s Little Mexico, Tortuga Coastal Cantina and Crazy Jose’s. The Company also operates a burrito fast casual concept under the name Mission Burrito. It operates approximately 55 restaurants, franchise 17 restaurants and license one restaurant in various communities across Texas, Louisiana and Oklahoma. The Casa Olé, Monterey and Crazy Jose’s restaurants are designed to appeal to a broad range of customers, and are located primarily in small and medium-sized communities and in middle-income areas of larger markets. The Tortuga Coastal Cantina and Mission Burrito restaurants, which are also designed to appeal to a broad range of customers, are located mainly in the Houston market. The restaurants offer fresh, quality food, affordable prices, friendly service and comfortable surroundings. The full-service menus feature a variety of traditional Mexican and Tex-Mex selections, complemented by its own original Mexican-based recipes, designed to have broad appeal. The Mission Burrito restaurants offer freshly made burritos, tacos, quesadillas, soups, salads and chips with guacamole and/or chili con queso. The restaurant industry is intensely competitive. The Company competes against a broad range of other family dining concepts, including those focusing on various other types of ethnic food, as well as local restaurants in its various markets, It also competes against other quick service, fast casual and casual dining concepts within the Mexican and Tex-Mex food segment.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.