Fiesta Restaurant Group Inc. (NASDAQ:FRGI) was up 2.8% during mid-day trading on Thursday . The company traded as high as $24.42 and last traded at $23.20, with a volume of 356,309 shares traded. The stock had previously closed at $22.56.

A number of equities research analysts have weighed in on FRGI shares. Standpoint Research started coverage on Fiesta Restaurant Group in a research report on Thursday. They set a “buy” rating and a $36.00 price target on the stock. Stephens restated a “buy” rating on shares of Fiesta Restaurant Group in a research report on Tuesday, May 10th. Jefferies Group restated a “buy” rating on shares of Fiesta Restaurant Group in a research report on Tuesday, May 10th. Sterne Agee CRT downgraded Fiesta Restaurant Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 10th. Finally, Raymond James Financial Inc. downgraded Fiesta Restaurant Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $45.00 to $37.50 in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $44.21.

The company has a market cap of $608.50 million and a PE ratio of 16.17. The stock’s 50-day moving average price is $23.60 and its 200 day moving average price is $31.57.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, May 9th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.03. The company had revenue of $176.70 million for the quarter, compared to the consensus estimate of $176.80 million. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. Equities analysts anticipate that Fiesta Restaurant Group Inc. will post $1.51 EPS for the current fiscal year.

In related news, Director Nicholas Daraviras sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $25.28, for a total value of $101,120.00. Following the completion of the transaction, the director now owns 11,709 shares of the company’s stock, valued at approximately $296,003.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joseph A. Zirkman sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $24.50, for a total transaction of $73,500.00. Following the completion of the transaction, the senior vice president now directly owns 124,423 shares of the company’s stock, valued at approximately $3,048,363.50. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Marshall Wace LLP purchased a new position in shares of Fiesta Restaurant Group during the fourth quarter valued at $7,098,000. UBS Oconnor LLC purchased a new position in shares of Fiesta Restaurant Group during the fourth quarter valued at $2,016,000. Wells Fargo & Company MN increased its position in shares of Fiesta Restaurant Group by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,192,594 shares of the company’s stock valued at $140,872,000 after buying an additional 231,616 shares in the last quarter. Columbia Wanger Asset Management LLC increased its position in shares of Fiesta Restaurant Group by 36.4% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 2,193,089 shares of the company’s stock valued at $73,688,000 after buying an additional 585,060 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Fiesta Restaurant Group by 356.3% in the fourth quarter. New York State Common Retirement Fund now owns 126,690 shares of the company’s stock valued at $4,257,000 after buying an additional 98,923 shares in the last quarter.

Fiesta Restaurant Group, Inc (Fiesta) owns, operates and franchises approximately two fast-casual restaurant brands, Pollo Tropical and Taco Cabana. The Company operates through the Pollo Tropical and Taco Cabana segments. Its Pollo Tropical is a fast-casual restaurant brand offering a range of Caribbean food.

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