The top two executives of Shakey’s Pizza Asia Ventures (PIZZA) loaded up on the restaurant’s stock controlled by the Po brothers.
PIZZA president and CEO Vicente Gregorio and general manager Jorge Maria Concepcion acquired a combined P2.7 million shares from April 27 to 29 at a price range o P7.90 to P8.20.
Gregorio bought 200,000 shares while Concepcion grabbed 142,000 shares.
PIZZA posted P123 million in profit in 2021 from a net loss of P254 million in 2020. But this is still just 14 percent of PIZZA’s pre-pandemic net income of P865 million in 2019.