Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Sunday.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, May 2nd. Wedbush reiterated a “buy” rating and set a $28.00 price objective on shares of Fiesta Restaurant Group in a research report on Tuesday, May 9th. Canaccord Genuity reiterated a “hold” rating and set a $25.00 price objective on shares of Fiesta Restaurant Group in a research report on Tuesday, May 9th. Jefferies Group LLC restated a “hold” rating and issued a $25.00 price target on shares of Fiesta Restaurant Group in a research report on Friday, May 5th. Finally, Stephens cut Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price target on the stock. in a research report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.17.

Shares of Fiesta Restaurant Group (NASDAQ FRGI) remained flat at $18.25 during midday trading on Friday. 244,105 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $21.73 and its 200 day moving average is $24.58. Fiesta Restaurant Group has a one year low of $18.05 and a one year high of $30.65. The stock’s market cap is $488.86 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, May 8th. The restaurant operator reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.05. The firm had revenue of $175.60 million for the quarter, compared to the consensus estimate of $177.63 million. Fiesta Restaurant Group had a positive return on equity of 12.01% and a negative net margin of 1.16%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Analysts predict that Fiesta Restaurant Group will post $1.14 earnings per share for the current fiscal year.

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In related news, Director Brian P. Friedman purchased 12,087 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average price of $22.02 per share, for a total transaction of $266,155.74. Following the completion of the transaction, the director now owns 32,681 shares of the company’s stock, valued at $719,635.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barry J. Alperin purchased 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average price of $21.17 per share, for a total transaction of $48,691.00. Following the transaction, the director now directly owns 19,166 shares of the company’s stock, valued at approximately $405,744.22. The disclosure for this purchase can be found here. Insiders purchased 351,595 shares of company stock worth $7,451,569 in the last 90 days. 2.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Fiesta Restaurant Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,216,833 shares of the restaurant operator’s stock worth $53,647,000 after buying an additional 77,608 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Fiesta Restaurant Group by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,700 shares of the restaurant operator’s stock valued at $26,492,000 after buying an additional 149,491 shares during the period. Leucadia National Corp acquired a new stake in Fiesta Restaurant Group during the first quarter valued at $24,369,000. Macquarie Group Ltd. raised its stake in Fiesta Restaurant Group by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 608,159 shares of the restaurant operator’s stock valued at $18,154,000 after buying an additional 42,396 shares during the period. Finally, State Street Corp raised its stake in Fiesta Restaurant Group by 3.2% in the first quarter. State Street Corp now owns 590,451 shares of the restaurant operator’s stock valued at $14,289,000 after buying an additional 18,551 shares during the period. Institutional investors own 94.02% of the company’s stock.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

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