Nationwide Fund Advisors increased its stake in Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 12.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,278 shares of the restaurant operator’s stock after acquiring an additional 1,892 shares during the period. Nationwide Fund Advisors owned approximately 0.06% of Fiesta Restaurant Group worth $357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of Fiesta Restaurant Group by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 142,096 shares of the restaurant operator’s stock valued at $2,934,000 after acquiring an additional 530 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Fiesta Restaurant Group by 0.6% in the second quarter. Principal Financial Group Inc. now owns 205,851 shares of the restaurant operator’s stock valued at $4,251,000 after acquiring an additional 1,231 shares in the last quarter. Leucadia National Corp raised its stake in shares of Fiesta Restaurant Group by 34.7% in the second quarter. Leucadia National Corp now owns 1,356,295 shares of the restaurant operator’s stock valued at $28,007,000 after acquiring an additional 349,295 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Fiesta Restaurant Group by 110.2% in the second quarter. Prudential Financial Inc. now owns 316,032 shares of the restaurant operator’s stock valued at $6,526,000 after acquiring an additional 165,670 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in Fiesta Restaurant Group in the second quarter valued at $442,000. Institutional investors and hedge funds own 94.26% of the company’s stock.

In other news, CEO Richard C. Stockinger acquired 2,750 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $18.30 per share, with a total value of $50,325.00. Following the completion of the acquisition, the chief executive officer now owns 81,985 shares in the company, valued at approximately $1,500,325.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian P. Friedman acquired 140,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $18.41 per share, for a total transaction of $2,577,400.00. Following the acquisition, the director now owns 36,270 shares of the company’s stock, valued at approximately $667,730.70. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 1,210,375 shares of company stock worth $21,182,013. Corporate insiders own 2.20% of the company’s stock.

A number of research firms have weighed in on FRGI. BidaskClub cut Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Piper Jaffray Companies restated a “neutral” rating and issued a $17.00 price target (down from $22.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 10th. TheStreet cut Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Wedbush restated a “buy” rating on shares of Fiesta Restaurant Group in a research note on Monday, September 18th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.60.

Fiesta Restaurant Group, Inc. (NASDAQ FRGI) opened at $16.10 on Thursday. The stock has a market capitalization of $449.65, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69. Fiesta Restaurant Group, Inc. has a twelve month low of $15.50 and a twelve month high of $30.65. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.26.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.19). The firm had revenue of $158.70 million for the quarter, compared to analysts’ expectations of $162.05 million. Fiesta Restaurant Group had a positive return on equity of 9.49% and a negative net margin of 3.40%. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. sell-side analysts forecast that Fiesta Restaurant Group, Inc. will post 0.92 EPS for the current year.

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

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