Shares of Fiesta Restaurant Group Inc. (NASDAQ:FRGI) saw unusually-high trading volume on Thursday . Approximately 2,298,919 shares changed hands during trading, an increase of 158% from the previous session’s volume of 892,368 shares.The stock last traded at $22.67 and had previously closed at $21.93.

FRGI has been the topic of several research reports. 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. Stephens reaffirmed a “buy” rating on shares of Fiesta Restaurant Group in a report on Tuesday, May 10th. Jefferies Group reaffirmed a “buy” rating on shares of Fiesta Restaurant Group in a report on Tuesday, May 10th. Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Sterne Agee CRT downgraded shares of Fiesta Restaurant Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.36.

The stock has a market cap of $601.57 million and a PE ratio of 15.99. The stock has a 50-day moving average price of $23.23 and a 200 day moving average price of $30.04.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company had revenue of $181.50 million for the quarter, compared to the consensus estimate of $183.55 million. During the same quarter last year, the business posted $0.42 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Analysts forecast that Fiesta Restaurant Group Inc. will post $1.47 earnings per share for the current fiscal year.

In related news, SVP Joseph A. Zirkman sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $24.50, for a total value of $73,500.00. Following the transaction, the senior vice president now directly owns 124,423 shares in the company, valued at $3,048,363.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nicholas Daraviras sold 4,000 shares of the company’s 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 completion of the transaction, the director now owns 11,709 shares in the company, valued at $296,003.52. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of FRGI. New York State Common Retirement Fund boosted its position 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. California State Teachers Retirement System boosted its position 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 acquired a new position in shares of Fiesta Restaurant Group during the fourth quarter worth approximately $2,016,000. Finally, Marshall Wace LLP acquired a new position in shares of Fiesta Restaurant Group during the fourth quarter worth approximately $7,098,000.

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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