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 Video: What is a Stock Split?
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| Frisch's Restaurants, together with its subsidiaries, operates restaurants under the name Frisch's Big Boy. Frisch's Big Boy restaurants provide items such as the Big Boy double-deck hamburger sandwich, Buffalo Bites 'n Fries, Primetime Burgers, onion rings and hot fudge cake for dessert. Other menu selections include sandwiches, pasta, roast beef, chicken and seafood dinners, desserts, non-alcoholic beverages and other items. Frisch's Big Boy restaurants operated by Co. are located in various regions of Ohio, Kentucky and Indiana. As of June 3 2014, Co. operated 96 Frisch's Big Boy restaurants. Co. also licensed the rights to operate 25 Frisch's Big Boy restaurants to other operators. According to our FRS split history records, FRS has had 5 splits. | |
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FRS (FRS) has 5 splits in our FRS split history database. The first split for FRS took place on November 23, 1992. This was a 104 for 100 split, meaning for each 100 shares of FRS owned pre-split, the shareholder now owned 104 shares. For example, a 1000 share position pre-split, became a 1040 share position following the split. FRS's second split took place on November 29, 1993. This was a 104 for 100 split, meaning for each 100 shares of FRS owned pre-split, the shareholder now owned 104 shares. For example, a 1040 share position pre-split, became a 1081.6 share position following the split. FRS's third split took place on November 28, 1994. This was a 104 for 100 split, meaning for each 100 shares of FRS owned pre-split, the shareholder now owned 104 shares. For example, a 1081.6 share position pre-split, became a 1124.864 share position following the split. FRS's 4th split took place on November 29, 1995. This was a 104 for 100 split, meaning for each 100 shares of FRS owned pre-split, the shareholder now owned 104 shares. For example, a 1124.864 share position pre-split, became a 1169.85856 share position following the split. FRS's 5th split took place on November 27, 1996. This was a 104 for 100 split, meaning for each 100 shares of FRS owned pre-split, the shareholder now owned 104 shares. For example, a 1169.85856 share position pre-split, became a 1216.6529024 share position following the split.
When a company such as FRS splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FRS split history from start to finish, an original position size of 1000 shares would have turned into 1216.6529024 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FRS shares, starting with a $10,000 purchase of FRS, presented on a split-history-adjusted basis factoring in the complete FRS split history.
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| Date |
Ratio |
| 11/23/1992 | 104 for 100 | | 11/29/1993 | 104 for 100 | | 11/28/1994 | 104 for 100 | | 11/29/1995 | 104 for 100 | | 11/27/1996 | 104 for 100 |
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