Fiesta Restaurant Group Inc. (FRGI) Trading 2% Higher
Fiesta Restaurant Group Inc. (NASDAQ:FRGI)’s share price traded up 2% during trading on Tuesday . The stock traded as high as $24.32 and last traded at $24.16, with a volume of 373,102 shares. The stock had previously closed at $23.69.
Several equities analysts have recently commented on the stock. Jefferies Group restated a “hold” rating and issued a $23.00 price objective (down from $27.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 4th. Wedbush reiterated an “outperform” rating and set a $32.00 target price (down from $47.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 4th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $23.00 target price (down from $36.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 4th. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Finally, Standpoint Research started coverage on shares of Fiesta Restaurant Group in a report on Thursday, July 7th. They set a “buy” rating and a $36.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $36.36.
The stock has a market cap of $647.96 million and a P/E ratio of 18.31. The company’s 50 day moving average price is $23.23 and its 200 day moving average price is $29.30.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $181.50 million for the quarter, compared to analyst estimates of $183.55 million. Fiesta Restaurant Group’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. On average, analysts anticipate that Fiesta Restaurant Group Inc. will post $1.33 earnings per share for the current year.
In other news, Director Nicholas Daraviras sold 4,000 shares of Fiesta Restaurant Group 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 completion of the sale, the director now directly owns 11,709 shares in the company, valued at $296,003.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph A. Zirkman sold 3,000 shares of Fiesta Restaurant Group stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $24.50, for a total transaction of $73,500.00. Following the sale, the senior vice president now owns 124,423 shares of the company’s stock, valued at $3,048,363.50. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Fiesta Restaurant Group stock. New York State Common Retirement Fund boosted its position in Fiesta Restaurant Group Inc. (NASDAQ:FRGI) by 356.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,690 shares of the company’s stock after buying an additional 98,923 shares during the period. New York State Common Retirement Fund owned about 0.48% of Fiesta Restaurant Group worth $4,257,000 as of its most recent SEC filing.
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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