Food

Shakey’s boss takes a bite of restaurant’s stock as sales bounce back in Q3

The president and CEO of Shakey’s Pizza Asia Ventures Inc. is loading up his shareholdings in the restaurant amid improving performance despite the pandemic.

Vicente Gregorio bought 100,000 shares of Shakey’s at P8.10 and P8.20 per share last November 17.

Gregorio’s stake in Shakey’s increased by five percent to 1.969 million.

Shakey’s has outperformed the index since hitting bottom in April 2020. Sales have improved 22 percent in the third quarter from the previous quarter and management told analysts it has eked out a profit as of September.

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