Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) shares dropped 0.6% during trading on Friday . The company traded as low as $15.50 and last traded at $15.80. Approximately 241,664 shares were traded during trading, a decline of 42% from the average daily volume of 415,161 shares. The stock had previously closed at $15.90.

FRGI has been the topic of a number of analyst reports. 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 Monday, May 15th. BidaskClub cut Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Zacks Investment Research cut Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $17.00 target price (down previously from $22.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.33.

The stock’s market capitalization is $426.68 million. The stock’s 50 day moving average price is $17.70 and its 200 day moving average price is $21.14.

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 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 company had revenue of $172.62 million during the quarter, compared to analyst estimates of $178.19 million. During the same quarter last year, the business posted $0.34 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts expect that Fiesta Restaurant Group, Inc. will post $1.02 EPS for the current fiscal year.

In other Fiesta Restaurant Group news, CEO Richard C. Stockinger purchased 2,750 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was bought at an average price of $18.30 per share, with a total value of $50,325.00. Following the transaction, the chief executive officer now directly owns 81,985 shares of the company’s stock, valued at approximately $1,500,325.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard C. Stockinger purchased 2,915 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of $17.15 per share, with a total value of $49,992.25. Following the transaction, the chief executive officer now directly owns 84,900 shares in the company, valued at $1,456,035. The disclosure for this purchase can be found here. Insiders purchased a total of 928,665 shares of company stock valued at $16,751,177 in the last quarter. 2.20% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue boosted its position in Fiesta Restaurant Group by 80.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 2,376 shares during the period. Mason Street Advisors LLC boosted its position in Fiesta Restaurant Group by 7.7% in the 1st 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. Municipal Employees Retirement System of Michigan boosted its position in Fiesta Restaurant Group by 5.1% in the 2nd 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. Bronfman E.L. Rothschild L.P. boosted its position in Fiesta Restaurant Group by 6.5% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 9,220 shares of the restaurant operator’s stock valued at $223,000 after buying an additional 560 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Fiesta Restaurant Group by 61.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 3,880 shares during the period. 94.09% of the stock is owned by institutional investors.

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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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