Fiesta Restaurant Group Inc. (NASDAQ:FRGI) shares were up 7.1% during mid-day trading on Wednesday . The company traded as high as $25.55 and last traded at $24.78, with a volume of 1,239,670 shares changing hands. The stock had previously closed at $23.14.

FRGI has been the topic of several analyst reports. Zacks Investment Research cut shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Stephens restated a “buy” rating on shares of Fiesta Restaurant Group in a report on Tuesday, May 10th. Raymond James Financial Inc. cut shares of Fiesta Restaurant Group from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $45.00 to $37.50 in a report on Tuesday, May 10th. Standpoint Research initiated coverage on shares of Fiesta Restaurant Group in a report on Thursday, July 7th. They set a “buy” rating and a $36.00 price target on the stock. 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, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.93.

The company has a market cap of $597.78 million and a PE ratio of 15.8864. The firm’s 50-day moving average price is $23.49 and its 200-day moving average price is $30.51.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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. Fiesta Restaurant Group’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. On average, equities analysts anticipate that Fiesta Restaurant Group Inc. will post $1.47 EPS for the current year.

In other news, Director Nicholas Daraviras sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $25.28, for a total transaction of $101,120.00. Following the sale, 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 SEC, which is accessible through this hyperlink. 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 cost of $26.31 per share, for a total transaction of $78,930.00. Following the acquisition, the chief operating officer now owns 24,014 shares in the company, valued at $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 increased 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 about $2,016,000. New York State Common Retirement Fund increased 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 about $7,098,000. Finally, Wells Fargo & Company MN increased 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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