Frisch’s Restaurants, Inc. (NYSE:FRS), saw a high level insider raise his holdings with the company through a transaction completed today, August 6th. President Craig F. Maier bought 1,309 shares of stock at an average price of $23.25 per share.
Following this transaction, Maier holds 92,946 shares directly, and 425,522 shares indirectly in the company. Frisch’s Restaurants, Inc. (NYSE:FRS) is a $122.07 million market cap regional company that operates service family-style restaurants under the name Frisch’s Big Boy.
In addition, there are multiple hedge funds involved with the company. Royce & Associates, the fund controlled by Chuck Royce saw a 1% increase in its activity last quarter, and now has 814,720 shares worth about $19.2 million; while Renaissance Technologies, the hedge fund run by Jim Simons reported a 13% increase in its involvement last quarter, and now has a total of 39,700 shares worth approximately $940 thousand invested in Frisch’s Restaurants, Inc. (NYSE:FRS).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.