Morton's Restaurant Group, Inc. (MRT) Director Randy L. Churchey Acquires 15,000 Shares of Stock
Morton's Restaurant Group, Inc. (NYSE:MRT) Director Randy L. Churchey bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were purchased at an average cost of $12.00 per share, for a total transaction of $180,000.00. Following the acquisition, the director now owns 39,720 shares of the company’s stock, valued at $476,640. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Morton's Restaurant Group, Inc. (NYSE:MRT) opened at 11.47 on Wednesday. The company’s 50-day moving average price is $11.63 and its 200 day moving average price is $11.63. Morton's Restaurant Group, Inc. has a one year low of $11.17 and a one year high of $11.99.
About Morton's Restaurant Group
Morton’s Restaurant Group, Inc (MRG) is engaged in the business of owning and operating restaurants under the names Morton’s The Steakhouse (Morton’s) and Trevi (Trevi). As of January 2, 2011, the Company owned and operated 78 restaurants (77 Morton’s steakhouses and one Trevi restaurant). Its subsidiaries include Porterhouse, Inc, Morton’s of Chicago, Inc, Morton’s of Chicago/Atlanta, Inc, Morton’s of Chicago/Buckhead, Inc, Morton’s of Chicago/Chicago, Inc, Morton’s of Chicago/Cincinnati, Inc and Morton’s of Chicago/Clayton, Inc During the fiscal year ended January 2, 2011, (fiscal 2010), the Company opened a Morton’s steakhouse in Shanghai, China.
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