SG Americas Securities LLC lowered its stake in Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 24.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,098 shares of the restaurant operator’s stock after selling 4,510 shares during the period. SG Americas Securities LLC owned 0.05% of Fiesta Restaurant Group worth $268,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FRGI. Wasatch Advisors Inc. increased its holdings in shares of Fiesta Restaurant Group by 11.5% in the second quarter. Wasatch Advisors Inc. now owns 3,572,879 shares of the restaurant operator’s stock valued at $73,780,000 after purchasing an additional 368,346 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Fiesta Restaurant Group by 32.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,449,051 shares of the restaurant operator’s stock valued at $29,923,000 after purchasing an additional 354,351 shares in the last quarter. Leucadia National Corp increased its holdings 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 purchasing an additional 349,295 shares in the last quarter. Prudential Financial Inc. increased its holdings 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 purchasing an additional 165,670 shares in the last quarter. Finally, Western Standard LLC increased its holdings in shares of Fiesta Restaurant Group by 151.7% in the second quarter. Western Standard LLC now owns 193,306 shares of the restaurant operator’s stock valued at $3,992,000 after purchasing an additional 116,518 shares in the last quarter. 94.11% of the stock is owned by institutional investors and hedge funds.

Shares of Fiesta Restaurant Group Inc (NASDAQ FRGI) opened at $19.35 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.26. Fiesta Restaurant Group Inc has a fifty-two week low of $15.50 and a fifty-two week high of $30.65. The company has a market cap of $522.78, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Fiesta Restaurant Group had a positive return on equity of 9.49% and a negative net margin of 3.40%. The business had revenue of $158.70 million for the quarter, compared to analyst estimates of $162.05 million. During the same period in the prior year, the firm posted $0.30 EPS. Fiesta Restaurant Group’s revenue was down 12.9% on a year-over-year basis. equities analysts forecast that Fiesta Restaurant Group Inc will post 0.74 earnings per share for the current fiscal year.

In other Fiesta Restaurant Group news, insider Charles Locke bought 1,565 shares of the stock in a transaction on Wednesday, November 29th. The stock was purchased at an average price of $18.73 per share, with a total value of $29,312.45. Following the acquisition, the insider now owns 1,565 shares of the company’s stock, valued at $29,312.45. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.

A number of analysts recently weighed in on FRGI shares. Wedbush reissued a “buy” rating and issued a $19.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, November 7th. Piper Jaffray Companies lowered shares of Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $17.00 to $14.00 in a report on Thursday, September 7th. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, TheStreet lowered shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Fiesta Restaurant Group presently has an average rating of “Hold” and an average price target of $22.60.

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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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