Fiesta Restaurant Group Inc. (NASDAQ:FRGI) dropped 1.6% during mid-day trading on Monday . The stock traded as low as $23.75 and last traded at $23.97, with a volume of 129,868 shares. The stock had previously closed at $24.36.

FRGI has been the subject of several research analyst reports. Sterne Agee CRT lowered shares of Fiesta Restaurant Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 10th. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Stephens reiterated a “buy” rating on shares of Fiesta Restaurant Group in a research note on Tuesday, May 10th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $36.00 price objective (down from $45.00) on shares of Fiesta Restaurant Group in a research note on Tuesday, May 10th. Finally, Standpoint Research initiated coverage on shares of Fiesta Restaurant Group in a research note on Thursday, July 7th. They issued a “buy” rating and a $36.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.21.

The company’s 50-day moving average price is $23.63 and its 200-day moving average price is $31.09. The stock has a market capitalization of $646.84 million and a PE ratio of 17.19.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by $0.03. The business had revenue of $176.70 million for the quarter, compared to analyst estimates of $176.80 million. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. Equities research analysts anticipate that Fiesta Restaurant Group Inc. will post $1.50 earnings per share for the current fiscal year.

In related news, Director Nicholas Daraviras sold 4,000 shares of the business’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 directly owns 11,709 shares in the company, valued at approximately $296,003.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joseph A. Zirkman sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were 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 owns 124,423 shares of the company’s stock, valued at $3,048,363.50. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in Fiesta Restaurant Group during the fourth quarter valued at about $7,098,000. UBS Oconnor LLC purchased a new position in Fiesta Restaurant Group during the fourth quarter valued at about $2,016,000. Wells Fargo & Company MN boosted its position in 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. New York State Common Retirement Fund boosted its position in 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. Finally, California State Teachers Retirement System boosted its position in Fiesta Restaurant Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 49,689 shares of the company’s stock valued at $1,670,000 after buying an additional 800 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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