Fiesta Restaurant Group Inc. (FRGI) Stock Price Up 9.4%
Fiesta Restaurant Group Inc. (NASDAQ:FRGI) rose 9.4% on Friday . The company traded as high as $25.28 and last traded at $25.00, with a volume of 1,207,828 shares changing hands. The stock had previously closed at $22.86.
FRGI has been the topic of a number of analyst reports. Jefferies Group lowered shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a report on Tuesday, July 26th. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Wedbush reaffirmed an “outperform” rating and issued a $32.00 target price (down from $47.00) on shares of Fiesta Restaurant Group in a research report on Thursday, August 4th. Raymond James Financial Inc. downgraded shares of Fiesta Restaurant Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $45.00 to $37.50 in a research report on Tuesday, May 10th. Finally, Standpoint Research started coverage on shares of Fiesta Restaurant Group in a research report on Thursday, July 7th. They issued a “buy” rating and a $36.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.94.
The firm has a market cap of $666.37 million and a P/E ratio of 18.83. The stock has a 50-day moving average of $23.62 and a 200 day moving average of $28.61.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.06. The business had revenue of $181.50 million for the quarter, compared to the consensus estimate of $183.55 million. During the same period in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Fiesta Restaurant Group Inc. will post $1.31 earnings per share for the current fiscal year.
In other Fiesta Restaurant Group news, insider John Alan Todd, Jr. sold 2,178 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were 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 directly owns 16,120 shares in the company, valued at $377,369.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nicholas Daraviras sold 4,000 shares of the business’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 sale, the director now owns 11,709 shares of the company’s stock, valued at $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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