SG Americas Securities LLC boosted its holdings in Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 211.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,608 shares of the restaurant operator’s stock after purchasing an additional 12,628 shares during the period. SG Americas Securities LLC owned approximately 0.07% of Fiesta Restaurant Group worth $384,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in Fiesta Restaurant Group by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 2,376 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in 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 worth $131,000 after purchasing an additional 310 shares during the last quarter. Mason Street Advisors LLC lifted its stake in 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 purchasing an additional 450 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in 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 purchasing an additional 560 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in 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 purchasing an additional 200 shares during the last quarter. 94.09% of the stock is owned by institutional investors and hedge funds.

FRGI has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. BidaskClub downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Piper Jaffray Companies downgraded shares of Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $17.00 to $14.00 in a research note on Thursday, September 7th. Finally, TheStreet downgraded shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Fiesta Restaurant Group has an average rating of “Hold” and a consensus target price of $24.33.

In other news, CEO Richard C. Stockinger purchased 2,750 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $18.30 per share, with a total value of $50,325.00. Following the purchase, the chief executive officer now owns 81,985 shares in the company, valued at $1,500,325.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian P. Friedman purchased 290,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $16.06 per share, with a total value of $4,657,400.00. Following the completion of the purchase, the director now owns 2,152,565 shares in the company, valued at approximately $34,570,193.90. The disclosure for this purchase can be found here. Insiders acquired a total of 1,219,665 shares of company stock valued at $21,426,057 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Fiesta Restaurant Group, Inc. (FRGI) opened at 17.40 on Thursday. The stock’s 50 day moving average is $17.55 and its 200 day moving average is $20.86. Fiesta Restaurant Group, Inc. has a 52 week low of $15.50 and a 52 week high of $30.65. The company’s market capitalization is $466.93 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Fiesta Restaurant Group had a positive return on equity of 11.77% and a negative net margin of 2.75%. The business had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. During the same period in the previous year, the business earned $0.34 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. On average, equities research analysts expect that Fiesta Restaurant Group, Inc. will post $1.02 earnings per share for the current year.

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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).

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

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