Fiesta Restaurant Group (NASDAQ:FRGI) Earning Somewhat Positive Press Coverage, Report Shows
News headlines about Fiesta Restaurant Group (NASDAQ:FRGI) have been trending somewhat positive on Sunday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Fiesta Restaurant Group earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 46.1444421003826 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Director of Fiesta Restaurant Group (NASDAQ:FRGI), Friedman Brian P, buys 50,000 shares worth $949,600 (empowerednews.net)
- Insider Buying: Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Buys 60,000 Shares of Stock (americanbankingnews.com)
- Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Acquires $3,012,800.00 in Stock (americanbankingnews.com)
- Fiesta Restaurant Group Inc (vothemes.com)
- Jack A. Smith Buys 1,000 Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Stock (americanbankingnews.com)
Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded up 0.27% during midday trading on Friday, reaching $18.70. 398,223 shares of the company traded hands. Fiesta Restaurant Group has a 12 month low of $15.60 and a 12 month high of $30.65. The company’s 50 day moving average is $18.70 and its 200-day moving average is $22.42. The stock’s market capitalization is $506.58 million.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings results on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The business had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Equities research analysts forecast that Fiesta Restaurant Group will post $1.03 earnings per share for the current fiscal year.
FRGI has been the topic of several recent research reports. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 target price on shares of Fiesta Restaurant Group in a research note on Friday, May 5th. Stephens downgraded shares of Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 target price on the stock. in a research note on Tuesday, May 9th. Wedbush reaffirmed a “buy” rating and set a $28.00 target price on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $25.00 target price on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.83.
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In other news, Director Brian P. Friedman acquired 309,115 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were bought at an average price of $21.12 per share, for a total transaction of $6,528,508.80. Following the completion of the purchase, the director now directly owns 36,270 shares of the company’s stock, valued at approximately $766,022.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian P. Friedman acquired 28,093 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average price of $21.65 per share, for a total transaction of $608,213.45. Following the purchase, 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 bought 560,508 shares of company stock worth $11,339,943 in the last quarter. Insiders own 2.20% of the company’s stock.
About Fiesta Restaurant Group
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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