Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) – Equities researchers at Wedbush dropped their Q3 2017 earnings per share (EPS) estimates for Fiesta Restaurant Group in a research report issued to clients and investors on Tuesday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.22 for the quarter, down from their previous forecast of $0.26. Wedbush currently has a “Buy” rating and a $28.00 target price on the stock. Wedbush also issued estimates for Fiesta Restaurant Group’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.91 EPS and Q1 2018 earnings at $0.18 EPS.

Other research analysts also recently issued research reports about the company. Stephens downgraded Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 target price on the stock. in a report on Tuesday, May 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $25.00 target price on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 target price on shares of Fiesta Restaurant Group in a report on Friday, May 5th. Zacks Investment Research downgraded Fiesta Restaurant Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.17.

ILLEGAL ACTIVITY WARNING: “Fiesta Restaurant Group, Inc. (FRGI) Expected to Earn Q3 2017 Earnings of $0.22 Per Share” was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/09/fiesta-restaurant-group-inc-frgi-expected-to-earn-q3-2017-earnings-of-0-22-per-share.html.

Shares of Fiesta Restaurant Group (NASDAQ FRGI) opened at 18.50 on Wednesday. Fiesta Restaurant Group has a 1-year low of $15.60 and a 1-year high of $30.65. The company’s 50-day moving average price is $19.03 and its 200 day moving average price is $22.73. The stock’s market cap is $495.56 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, August 7th. The restaurant operator reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.03. The business had revenue of $172.62 million for the quarter, compared to analysts’ expectations of $178.19 million. Fiesta Restaurant Group had a positive return on equity of 11.66% and a negative net margin of 2.75%. Fiesta Restaurant Group’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS.

In related news, Director Brian P. Friedman purchased 309,115 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were acquired at an average price of $21.12 per share, with a total value of $6,528,508.80. Following the acquisition, the director now owns 36,270 shares in the company, valued at approximately $766,022.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Barry J. Alperin purchased 2,300 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average cost of $21.17 per share, for a total transaction of $48,691.00. Following the acquisition, the director now owns 19,166 shares in the company, valued at approximately $405,744.22. The disclosure for this purchase can be found here. In the last three months, insiders purchased 339,508 shares of company stock worth $7,185,413. Company insiders own 2.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in FRGI. Arizona State Retirement System increased its stake in shares of Fiesta Restaurant Group by 0.7% in the second quarter. Arizona State Retirement System now owns 14,100 shares of the restaurant operator’s stock valued at $291,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System increased 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 valued at $266,000 after buying an additional 200 shares during the period. Texas Permanent School Fund increased its stake in shares of Fiesta Restaurant Group by 1.4% in the second quarter. Texas Permanent School Fund now owns 19,760 shares of the restaurant operator’s stock valued at $408,000 after buying an additional 268 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Fiesta Restaurant Group by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock valued at $131,000 after buying an additional 310 shares during the period. Finally, Mason Street Advisors LLC increased 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 valued at $152,000 after buying an additional 450 shares during the period. 93.58% of the stock is currently owned by institutional investors and hedge funds.

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).

Earnings History and Estimates for Fiesta Restaurant Group (NASDAQ:FRGI)

Receive News & Ratings for Fiesta Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.