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

A number of research analysts have recently issued reports on FRGI shares. Zacks Investment Research lowered Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. Stephens reissued a “buy” rating on shares of Fiesta Restaurant Group in a report on Tuesday, May 10th. Raymond James Financial Inc. lowered Fiesta Restaurant Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $45.00 to $37.50 in a report on Tuesday, May 10th. Standpoint Research started coverage on Fiesta Restaurant Group in a report on Thursday, July 7th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Jefferies Group reissued a “buy” rating on shares of Fiesta Restaurant Group in a report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $44.21.

The company has a 50 day moving average price of $23.62 and a 200-day moving average price of $30.93. The stock has a market cap of $653.23 million and a P/E ratio of 17.36.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, May 9th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.03. The business earned $176.70 million during 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 company posted $0.39 earnings per share. Analysts predict that Fiesta Restaurant Group Inc. will post $1.49 EPS for the current year.

In other news, Director Nicholas Daraviras sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $25.28, for a total transaction of $101,120.00. Following the sale, the director now directly owns 11,709 shares in the company, valued at approximately $296,003.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Danny K. Meisenheimer purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were bought at an average price of $26.31 per share, for a total transaction of $78,930.00. Following the completion of the transaction, the chief operating officer now directly owns 24,014 shares in the company, valued at approximately $631,808.34. The disclosure for this purchase can be found here.

Several hedge funds recently made changes to their positions in FRGI. California State Teachers Retirement System boosted its stake in shares of 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 worth $1,670,000 after buying an additional 800 shares during the last quarter. UBS Oconnor LLC bought a new stake in shares of Fiesta Restaurant Group during the fourth quarter worth $2,016,000. New York State Common Retirement Fund boosted its stake 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 worth $4,257,000 after buying an additional 98,923 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Fiesta Restaurant Group during the fourth quarter worth $7,098,000. Finally, Wells Fargo & Company MN boosted its stake 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 worth $140,872,000 after buying an additional 231,616 shares during 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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