Fiesta Restaurant Group Inc. (FRGI) Sees Unusually-High Trading Volume
Shares of Fiesta Restaurant Group Inc. (NASDAQ:FRGI) saw unusually-strong trading volume on Monday . Approximately 804,464 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 771,890 shares.The stock last traded at $24.75 and had previously closed at $24.97.
A number of analysts have commented on FRGI shares. Sterne Agee CRT lowered Fiesta Restaurant Group from a “buy” rating to a “neutral” rating in a report on Tuesday, May 10th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $23.00 target price (down previously from $36.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 4th. Zacks Investment Research lowered Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Stephens reissued a “buy” rating on shares of Fiesta Restaurant Group in a report on Tuesday, May 10th. Finally, Jefferies Group lowered Fiesta Restaurant Group from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.19.
The company has a 50 day moving average of $23.66 and a 200 day moving average of $28.44. The stock has a market capitalization of $663.17 million and a P/E ratio of 18.74.
Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.06. The company earned $181.50 million during the quarter, compared to analysts’ expectations of $183.55 million. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. On average, equities research analysts forecast that Fiesta Restaurant Group Inc. will post $1.31 EPS for the current fiscal year.
In other Fiesta Restaurant Group news, insider John Alan Todd, Jr. sold 2,178 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $23.41, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Nicholas Daraviras sold 4,000 shares of the company’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 owns 11,709 shares of the company’s stock, valued at approximately $296,003.52. 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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