<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 5
<RESTATED> 
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1996
<PERIOD-START>                             JUL-01-1996             JAN-01-1996
<PERIOD-END>                               SEP-30-1996             SEP-30-1996
<CASH>                                      79,638,699              79,638,699
<SECURITIES>                                         0                       0
<RECEIVABLES>                                9,819,818               9,819,818
<ALLOWANCES>                                         0                       0
<INVENTORY>                                  6,154,718               6,154,718
<CURRENT-ASSETS>                           101,385,456             101,385,456
<PP&E>                                     171,979,482             171,979,482
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                             279,147,381             279,147,381
<CURRENT-LIABILITIES>                       23,489,790              23,489,790
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                        284                     284
<COMMON>                                       251,918                 251,918
<OTHER-SE>                                 251,919,182             251,919,182
<TOTAL-LIABILITY-AND-EQUITY>               279,147,381             279,147,381
<SALES>                                     64,390,122             183,746,102
<TOTAL-REVENUES>                            64,390,122             183,746,102
<CGS>                                       20,200,265              60,044,838
<TOTAL-COSTS>                               82,062,549<F1>         188,366,779
<OTHER-EXPENSES>                               123,741                 244,208
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                         (1,222,863)             (1,449,701)
<INCOME-PRETAX>                           (16,573,305)             (3,415,184)
<INCOME-TAX>                               (5,994,382)             (1,272,595)
<INCOME-CONTINUING>                       (10,578,923)             (2,142,589)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                              (10,578,923)             (2,142,589)
<EPS-PRIMARY>                                   (0.40)                  (0.09)
<EPS-DILUTED>                                   (0.40)                  (0.09)
<FN>
<F1>Total costs and pre-tax income includes merger costs of approximately $26
million, or approximately $16.6 million after income taxes for the amounts
associated with the acquisition of Bayport Restaurant Group, Inc.
("Port"/NASDAQ) which transaction was closed August 1996.
</FN>
        

</TABLE>