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

Several research firms have commented on FRGI. Wedbush reissued an “outperform” rating and set a $47.00 price objective (down previously from $53.00) on shares of Fiesta Restaurant Group in a report on Monday, April 18th. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Raymond James Financial Inc. downgraded shares of 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 report on Tuesday, May 10th. Sterne Agee CRT downgraded shares of Fiesta Restaurant Group from a “buy” rating to a “neutral” rating in a report on Tuesday, May 10th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $36.00 price target (down previously from $45.00) 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 issued a hold rating and six have assigned a buy rating to the company’s stock. Fiesta Restaurant Group presently has an average rating of “Buy” and an average price target of $44.21.

The stock has a market cap of $676.14 million and a P/E ratio of 17.97. The firm has a 50 day moving average price of $23.63 and a 200-day moving average price of $30.89.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, May 9th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates 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. During the same period last year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Fiesta Restaurant Group Inc. will post $1.49 earnings per share for the current fiscal year.

In other Fiesta Restaurant Group news, Director Nicholas Daraviras sold 4,000 shares of Fiesta Restaurant Group 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 $296,003.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph A. Zirkman sold 3,000 shares of Fiesta Restaurant Group 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 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 recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake 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 worth $1,670,000 after buying an additional 800 shares in the last quarter. UBS Oconnor LLC bought a new stake in Fiesta Restaurant Group during the fourth quarter worth approximately $2,016,000. New York State Common Retirement Fund boosted its stake 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 worth $4,257,000 after buying an additional 98,923 shares in the last quarter. Marshall Wace LLP bought a new stake in Fiesta Restaurant Group during the fourth quarter worth approximately $7,098,000. Finally, Wells Fargo & Company MN boosted its stake 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 worth $140,872,000 after buying an additional 231,616 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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