Fiesta Restaurant Group Inc. (FRGI) Shares Up 9.4%
Fiesta Restaurant Group Inc. (NASDAQ:FRGI)’s share price shot up 9.4% during trading on Friday . The company traded as high as $25.28 and last traded at $25.00, with a volume of 1,207,828 shares traded. The stock had previously closed at $22.86.
A number of equities analysts have recently weighed in on FRGI shares. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Raymond James Financial Inc. cut shares of Fiesta Restaurant Group from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $45.00 to $37.50 in a research note on Tuesday, May 10th. Jefferies Group reaffirmed a “buy” rating on shares of Fiesta Restaurant Group in a research note on Tuesday, May 10th. Canaccord Genuity started coverage on shares of Fiesta Restaurant Group in a research note on Monday. They set a “hold” rating and a $25.00 price target on the stock. Finally, Standpoint Research started coverage on shares of Fiesta Restaurant Group in a research note on Thursday, July 7th. They set a “buy” rating and a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $34.94.
The company’s 50 day moving average price is $23.56 and its 200 day moving average price is $28.68. The firm has a market cap of $666.11 million and a PE ratio of 18.82.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.06. During the same period in the previous year, the company posted $0.42 earnings per share. The business had revenue of $181.50 million for the quarter, compared to analysts’ expectations of $183.55 million. Fiesta Restaurant Group’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts anticipate that Fiesta Restaurant Group Inc. will post $1.32 earnings per share for the current year.
In other Fiesta Restaurant Group news, Director Nicholas Daraviras sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $25.28, for a total value of $101,120.00. Following the sale, the director now directly owns 11,709 shares in the company, valued at $296,003.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Alan Todd, Jr. sold 2,178 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $23.41, for a total value of $50,986.98. Following the completion of the sale, the insider now owns 16,120 shares in the company, valued at $377,369.20. The disclosure for this sale can be found here.
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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