$156.27 Million in Sales Expected for Fiesta Restaurant Group Inc (FRGI) This Quarter
Wall Street brokerages expect that Fiesta Restaurant Group Inc (NASDAQ:FRGI) will report sales of $156.27 million for the current quarter, Zacks reports. Two analysts have made estimates for Fiesta Restaurant Group’s earnings, with the highest sales estimate coming in at $156.46 million and the lowest estimate coming in at $156.08 million. Fiesta Restaurant Group reported sales of $171.31 million in the same quarter last year, which would suggest a negative year over year growth rate of 8.8%. The company is expected to report its next earnings results after the market closes on Monday, February 26th.
On average, analysts expect that Fiesta Restaurant Group will report full year sales of $156.27 million for the current year, with estimates ranging from $661.20 million to $666.00 million. For the next financial year, analysts forecast that the company will report sales of $672.01 million per share, with estimates ranging from $665.57 million to $683.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Fiesta Restaurant Group.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.19). Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The business had revenue of $158.70 million during the quarter, compared to analysts’ expectations of $162.05 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year.
In other news, insider Charles Locke bought 1,565 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of $18.73 per share, for a total transaction of $29,312.45. Following the completion of the transaction, the insider now owns 1,565 shares in the company, valued at $29,312.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan boosted its position in Fiesta Restaurant Group by 59.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 10,160 shares of the restaurant operator’s stock worth $193,000 after purchasing an additional 3,800 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Fiesta Restaurant Group during the second quarter worth $217,000. Voya Investment Management LLC lifted its position in shares of Fiesta Restaurant Group by 12.1% in the second 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 in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Fiesta Restaurant Group by 37.9% in the third quarter. BNP Paribas Arbitrage SA now owns 14,096 shares of the restaurant operator’s stock valued at $268,000 after acquiring an additional 3,871 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Fiesta Restaurant Group in the third quarter valued at $270,000. Institutional investors own 97.10% of the company’s stock.
Fiesta Restaurant Group (NASDAQ:FRGI) traded down $0.15 during trading on Friday, hitting $17.95. The company had a trading volume of 234,193 shares, compared to its average volume of 211,359. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.49 and a current ratio of 0.53. Fiesta Restaurant Group has a 12-month low of $15.50 and a 12-month high of $28.85. The stock has a market capitalization of $483.24, a P/E ratio of -20.87, a PEG ratio of 1.73 and a beta of 0.62.
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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