THE COLONY Texas Pizza Inn Inc., parent of the 300-unit namesake chain, said Monday that its board had authorized the repurchase of an additional 1 million shares as part of a buyback plan announced last year.
The decision brings the repurchase plan to more than 2 million shares, the company said. Pizza Inn has about 9.5 million shares outstanding.
Pizza Inn's stock has traded between $2.04 to $3.37 per share over the past 52 weeks. The company's