<PAGE>     
     THIS PAPER FORMAT DOCUMENT IS BEING SUBMITTED PURSUANT
                TO RULE 901 (d) OF REGULATION S-T


               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC  20549



                            FORM 8-K



       Current Report Pursuant to Section 13 or 15 (d) of
                   The Securities Act of 1934


 Date of Report (Date of earliest event reported) July 17, 1996
                                                  -------------


                       STACEY'S BUFFET, INC.               
      ----------------------------------------------------
     (Exact Name of Registrant as Specified in its Charter)


                             FLORIDA                  
          --------------------------------------------
         (State or Other Jurisdiction of Incorporation)



    000-16791                          59-2736736             
 ----------------------      -------------------------------
(Commission File Number)    (IRS Employer Identification No.)


   801 West Bay Drive, Suite #704, Largo, Florida        34640      
   ----------------------------------------------       --------
      (Address of Principal Executive Offices)         (Zip Code)



                         (813) 581-4492                           
       --------------------------------------------------
      (Registrant's Telephone Number, Including Area Code)



   -----------------------------------------------------------
  (Former Name or Former Address, if Changed Since Last Report)


<PAGE>




             INFORMATION TO BE INCLUDED IN FORM 8-K



Item 1.           Change in Control of Registrant.

                       Not Applicable.


Item 2.           Acquisition or Disposition of Assets.

                       Not Applicable.


Item 3.           Bankruptcy or Receivership.

                       Not Applicable.


Item 4.           Changes in Registrant's Certifying Accountant.

                       Not Applicable.


Item 5.           Other Events.

                       The Company has implemented 5 for 1 reverse
                       stock split.  See Amendment to Articles of
                       Incorporation of Stacey's Buffet, Inc. attached
                       as EXHIBIT "EX-3.(i)".
                       
                       See the press release dated June 28, 1996 attached
                       as EXHIBIT "EX-99 Press Release 6/28/96" and the 
                       press release dated July 16, 1996 attached
                       as EXHIBIT "EX-99 Press Release 7/16/96".


Item 6.           Resignation of Registrant's Directors.

                       Not Applicable.


Item 7.           Financial Statements and Exhibits.

                       Not Applicable.


Item 8.           Change in Fiscal Year.

                       Not Applicable.


<PAGE>

 
                           SIGNATURES





     Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.








                       Stacey's Buffet, Inc., a Florida Corporation






Date: July 18, 1996                  /s/ Daniel J. Sullivan          
                                     ------------------------   
                                      Daniel J. Sullivan   
                                      Chief Financial Officer
[{"type": "8-K", "sequence": "1", "description": "REVERSE STOCK SPLIT", "secsgml_size_bytes": 3450}]
{"company-data": {"conformed-name": "STACEYS BUFFET INC", "cik": "0000831984", "assigned-sic": "5812", "irs-number": "592736736", "state-of-incorporation": "FL", "fiscal-year-end": "0101"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16791", "film-number": "96596253"}, "business-address": {"street1": "801 WEST BAY DRIVE SUITE 704", "city": "LARGO", "state": "FL", "zip": "34640", "phone": "8135814492"}, "mail-address": {"street1": "801 WEST BAY DRIVE STE 704", "city": "LARGO", "state": "FL", "zip": "34640"}, "former-company": [{"former-conformed-name": "HOMESTYLE BUFFET INC /FL/", "date-changed": "19930916"}, {"former-conformed-name": "HOMESTYLE BUFFET INC", "date-changed": "19920703"}]}
THIS PAPER FORMAT DOCUMENT IS BEING SUBMITTED PURSUANT
                TO RULE 901 (d) OF REGULATION S-T

               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC  20549

                            FORM 8-K

       Current Report Pursuant to Section 13 or 15 (d) of
                   The Securities Act of 1934

 Date of Report (Date of earliest event reported) July 17, 1996
                                                  -------------

                       STACEY'S BUFFET, INC.               
      ----------------------------------------------------
     (Exact Name of Registrant as Specified in its Charter)

                             FLORIDA                  
          --------------------------------------------
         (State or Other Jurisdiction of Incorporation)

    000-16791                          59-2736736             
 ----------------------      -------------------------------
(Commission File Number)    (IRS Employer Identification No.)

   801 West Bay Drive, Suite #704, Largo, Florida        34640      
   ----------------------------------------------       --------
      (Address of Principal Executive Offices)         (Zip Code)

                         (813) 581-4492                           
       --------------------------------------------------
      (Registrant's Telephone Number, Including Area Code)

   -----------------------------------------------------------
  (Former Name or Former Address, if Changed Since Last Report)
INFORMATION TO BE INCLUDED IN FORM 8-K

Item 1.           Change in Control of Registrant.

                       Not Applicable.

Item 2.           Acquisition or Disposition of Assets.

                       Not Applicable.

Item 3.           Bankruptcy or Receivership.

                       Not Applicable.

Item 4.           Changes in Registrant's Certifying Accountant.

                       Not Applicable.

Item 5.           Other Events.

                       The Company has implemented 5 for 1 reverse
                       stock split.  See Amendment to Articles of
                       Incorporation of Stacey's Buffet, Inc. attached
                       as EXHIBIT "EX-3.(i)".
                       
                       See the press release dated June 28, 1996 attached
                       as EXHIBIT "EX-99 Press Release 6/28/96" and the 
                       press release dated July 16, 1996 attached
                       as EXHIBIT "EX-99 Press Release 7/16/96".

Item 6.           Resignation of Registrant's Directors.

                       Not Applicable.

Item 7.           Financial Statements and Exhibits.

                       Not Applicable.

Item 8.           Change in Fiscal Year.

                       Not Applicable.
SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.

                       Stacey's Buffet, Inc., a Florida Corporation

Date: July 18, 1996                  /s/ Daniel J. Sullivan          
                                     ------------------------   
                                      Daniel J. Sullivan   
                                      Chief Financial Officer