Wall Street brokerages predict that Fiesta Restaurant Group Inc (NASDAQ:FRGI) will post earnings per share of $0.17 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Fiesta Restaurant Group’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.20. Fiesta Restaurant Group reported earnings of $0.06 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 183.3%. The business is expected to announce its next quarterly earnings report on Monday, November 5th.

According to Zacks, analysts expect that Fiesta Restaurant Group will report full year earnings of $0.72 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $0.77. For the next financial year, analysts expect that the business will report earnings of $0.93 per share, with EPS estimates ranging from $0.74 to $1.07. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Fiesta Restaurant Group.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings results on Monday, August 6th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $176.83 million during the quarter, compared to the consensus estimate of $173.21 million. Fiesta Restaurant Group had a negative net margin of 0.80% and a positive return on equity of 5.35%. Fiesta Restaurant Group’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share.

A number of equities research analysts recently weighed in on FRGI shares. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine raised shares of Fiesta Restaurant Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Wedbush boosted their price target on shares of Fiesta Restaurant Group from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, July 2nd. Finally, BidaskClub cut shares of Fiesta Restaurant Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.67.

FRGI opened at $28.65 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The company has a market cap of $812.53 million, a P/E ratio of 47.75 and a beta of 0.58. Fiesta Restaurant Group has a fifty-two week low of $15.65 and a fifty-two week high of $30.88.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its holdings in Fiesta Restaurant Group by 92.7% during the first quarter. Barclays PLC now owns 8,063 shares of the restaurant operator’s stock valued at $149,000 after purchasing an additional 3,879 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Fiesta Restaurant Group during the second quarter valued at approximately $181,000. Engineers Gate Manager LP acquired a new position in Fiesta Restaurant Group during the second quarter valued at approximately $200,000. SG Americas Securities LLC acquired a new position in Fiesta Restaurant Group during the second quarter valued at approximately $212,000. Finally, Wedbush Securities Inc. acquired a new position in Fiesta Restaurant Group during the second quarter valued at approximately $279,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc, through its subsidiaries, owns, operates, and franchises fast-casual restaurants. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brands. The company's Pollo Tropical restaurants offer citrus marinated, fire-grilled chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants provide Mexican inspired food made fresh by hand.

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Earnings History and Estimates for Fiesta Restaurant Group (NASDAQ:FRGI)

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