Geode Capital Management LLC raised its position in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 9.6% during the first quarter, Holdings Channel reports. The fund owned 227,303 shares of the restaurant operator’s stock after buying an additional 19,882 shares during the period. Geode Capital Management LLC’s holdings in Fiesta Restaurant Group were worth $5,500,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FRGI. 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 during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Fiesta Restaurant Group during the first quarter worth approximately $202,000. 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 during the last quarter. Guggenheim Capital LLC acquired a new stake in shares of Fiesta Restaurant Group during the fourth quarter worth approximately $225,000. Finally, 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 during the last quarter. Institutional investors own 93.58% of the company’s stock.

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) traded up 1.61% during mid-day trading on Friday, reaching $18.95. 44,236 shares of the company’s stock traded hands. The company’s market cap is $508.52 million. Fiesta Restaurant Group, Inc. has a 12-month low of $15.60 and a 12-month high of $30.65. The stock has a 50 day moving average of $18.75 and a 200 day moving average of $22.48.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its earnings results on Monday, August 7th. The restaurant operator reported $0.30 earnings per share (EPS) 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 the consensus estimate of $178.19 million. Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, equities research analysts predict that Fiesta Restaurant Group, Inc. will post $1.03 earnings per share for the current fiscal year.

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A number of analysts recently commented on FRGI shares. Wedbush restated a “buy” rating and set a $28.00 price target on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. Stephens cut shares of 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 note on Tuesday, May 9th. Jefferies Group LLC restated a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a research note on Friday, May 5th. Zacks Investment Research cut shares of Fiesta Restaurant Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Canaccord Genuity restated a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.83.

In other news, Director Barry J. Alperin purchased 2,300 shares of the stock in a transaction on Thursday, June 8th. The shares were acquired at an average price of $21.17 per share, with a total value of $48,691.00. Following the completion of the acquisition, the director now directly owns 19,166 shares of the company’s stock, valued at $405,744.22. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian P. Friedman purchased 28,093 shares of the stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $21.65 per share, for a total transaction of $608,213.45. Following the acquisition, the director now directly owns 32,681 shares of the company’s stock, valued at $707,543.65. The disclosure for this purchase can be found here. Insiders have purchased 340,508 shares of company stock valued at $7,204,543 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

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).

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

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