Fiesta Restaurant Group Inc. (NASDAQ:FRGI) shares shot up 1.3% during mid-day trading on Tuesday . The stock traded as high as $25.03 and last traded at $24.61, with a volume of 127,139 shares. The stock had previously closed at $24.29.

Several brokerages have issued reports on FRGI. Sterne Agee CRT cut shares of Fiesta Restaurant Group from a “buy” rating to a “neutral” rating in a report on Tuesday, May 10th. Wedbush reiterated an “outperform” rating and set a $47.00 target price (down from $53.00) on shares of Fiesta Restaurant Group in a report on Monday, April 18th. Zacks Investment Research cut shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. Stephens reiterated a “buy” rating on shares of Fiesta Restaurant Group in a report on Tuesday, May 10th. Finally, Jefferies Group restated a “buy” rating on shares of Fiesta Restaurant Group in a report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given 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 is $23.59 and its 200 day moving average is $30.98. The company has a market capitalization of $654.57 million and a PE ratio of 17.40.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its earnings results on Monday, May 9th. The company reported $0.37 earnings per share (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 the consensus estimate of $176.80 million. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, equities research analysts anticipate that Fiesta Restaurant Group Inc. will post $1.50 earnings per share for the current fiscal year.

In related news, COO Danny K. Meisenheimer purchased 3,000 shares of Fiesta Restaurant Group stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average price of $26.31 per share, for a total transaction of $78,930.00. Following the acquisition, the chief operating officer now directly owns 24,014 shares in the company, valued at $631,808.34. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Nicholas Daraviras sold 4,000 shares of Fiesta Restaurant Group stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $25.28, for a total value of $101,120.00. Following the transaction, the director now owns 11,709 shares in the company, valued at approximately $296,003.52. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the company. Wells Fargo & Company MN raised 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. Marshall Wace LLP bought a new position in Fiesta Restaurant Group during the fourth quarter valued at approximately $7,098,000. New York State Common Retirement Fund raised 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. UBS Oconnor LLC bought a new position in Fiesta Restaurant Group during the fourth quarter valued at approximately $2,016,000. Finally, California State Teachers Retirement System raised 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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