Dimensional Fund Advisors LP increased its position in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 15.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,094,700 shares of the restaurant operator’s stock after buying an additional 149,491 shares during the period. Dimensional Fund Advisors LP owned 4.09% of Fiesta Restaurant Group worth $26,492,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FRGI. Louisiana State Employees Retirement System boosted its stake in shares of Fiesta Restaurant Group by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock worth $266,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Fiesta Restaurant Group by 1.4% in the first quarter. Arizona State Retirement System now owns 14,000 shares of the restaurant operator’s stock worth $339,000 after buying an additional 200 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Fiesta Restaurant Group by 7.7% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock worth $152,000 after buying an additional 450 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Fiesta Restaurant Group by 6.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 9,220 shares of the restaurant operator’s stock worth $223,000 after buying an additional 560 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Fiesta Restaurant Group by 1.7% in the first quarter. Legal & General Group Plc now owns 46,910 shares of the restaurant operator’s stock worth $1,134,000 after buying an additional 762 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ FRGI) traded up 0.60% on Friday, hitting $16.90. 268,313 shares of the company were exchanged. Fiesta Restaurant Group, Inc. has a 52-week low of $16.65 and a 52-week high of $30.65. The company has a 50-day moving average price of $19.44 and a 200 day moving average price of $22.86. The firm’s market cap is $452.70 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, May 8th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $175.60 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. Analysts predict that Fiesta Restaurant Group, Inc. will post $1.08 EPS for the current fiscal year.

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A number of brokerages recently weighed in on FRGI. BidaskClub cut shares of Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Stephens cut shares of Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective for the company. in a report on Tuesday, May 9th. Canaccord Genuity restated a “hold” rating and issued a $25.00 price objective on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Zacks Investment Research cut shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $26.17.

In other Fiesta Restaurant Group news, Director Barry J. Alperin bought 2,300 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average price of $21.17 per share, with a total value of $48,691.00. Following the transaction, the director now owns 19,166 shares in the company, valued at $405,744.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian P. Friedman bought 309,115 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were acquired at an average cost of $21.12 per share, with a total value of $6,528,508.80. Following the transaction, the director now owns 36,270 shares in the company, valued at approximately $766,022.40. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 351,595 shares of company stock valued at $7,451,569. Corporate insiders own 2.20% 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).

Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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