Fiesta Restaurant Group, Inc. (FRGI) Given Average Recommendation of “Hold” by Analysts
Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.60.
A number of equities analysts have recently commented on FRGI shares. Wedbush restated a “buy” rating and issued a $19.00 price objective on shares of Fiesta Restaurant Group in a research report on Tuesday, November 7th. Piper Jaffray Companies restated a “neutral” rating and issued a $17.00 price objective (down from $22.00) on shares of Fiesta Restaurant Group in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th.
In related news, Director Brian P. Friedman acquired 290,000 shares of Fiesta Restaurant Group stock in a transaction on Monday, September 11th. The shares were acquired at an average cost of $16.06 per share, with a total value of $4,657,400.00. Following the transaction, the director now owns 2,152,565 shares in the company, valued at $34,570,193.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian P. Friedman acquired 140,000 shares of Fiesta Restaurant Group stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $18.41 per share, for a total transaction of $2,577,400.00. Following the completion of the transaction, the director now owns 36,270 shares in the company, valued at approximately $667,730.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,010,375 shares of company stock worth $17,422,013. 2.20% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in shares of Fiesta Restaurant Group by 80.0% during 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 in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake 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 worth $131,000 after purchasing an additional 310 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake 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 worth $211,000 after purchasing an additional 3,880 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Fiesta Restaurant Group during the 2nd quarter valued at about $217,000. Finally, Voya Investment Management LLC lifted its stake in Fiesta Restaurant Group by 12.1% during the 2nd quarter. Voya Investment Management LLC now owns 13,014 shares of the restaurant operator’s stock valued at $269,000 after acquiring an additional 1,402 shares during the period. Hedge funds and other institutional investors own 94.35% of the company’s stock.
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Fiesta Restaurant Group (FRGI) traded up $0.30 on Monday, hitting $16.75. 298,200 shares of the stock traded hands, compared to its average volume of 416,088. The stock has a market capitalization of $456.32, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.49. Fiesta Restaurant Group has a 52-week low of $15.50 and a 52-week high of $30.65.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, November 6th. The restaurant operator reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.19). The business had revenue of $158.70 million during 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%. Fiesta Restaurant Group’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. research analysts expect that Fiesta Restaurant Group will post 0.79 earnings per share for the current year.
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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