Zacks Investment Research lowered shares of Fiesta Restaurant Group (NASDAQ:FRGI) from a buy rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “Fiesta Restaurant Group, Inc. owns and operates quick-casual restaurants under the Pollo Tropical(R) and Taco Cabana(R) brand names in the United States. The Company’s Pollo Tropical restaurants offer a wide selection of tropical and Caribbean inspired food. The Taco Cabana restaurants offer a wide selection of fresh Tex-Mex and traditional Mexican food. Fiesta Restaurant Group, Inc. is headquartered in Miami, Florida. “

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Fiesta Restaurant Group from a strong-buy rating to a buy rating in a research note on Wednesday, August 29th. ValuEngine lowered shares of Fiesta Restaurant Group from a buy rating to a hold rating in a research report on Thursday, August 9th. Piper Jaffray Companies upgraded shares of Fiesta Restaurant Group from an underweight rating to a neutral rating in a research report on Friday, October 5th. Finally, Wedbush restated an outperform rating and set a $28.00 target price (down from $36.00) on shares of Fiesta Restaurant Group in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $27.00.

Shares of FRGI stock traded up $0.05 during trading hours on Wednesday, reaching $20.05. The company had a trading volume of 335,288 shares, compared to its average volume of 274,143. Fiesta Restaurant Group has a one year low of $16.35 and a one year high of $30.88. The firm has a market capitalization of $536.69 million, a PE ratio of 33.42 and a beta of 0.44. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 0.29.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, November 5th. The restaurant operator reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.08). Fiesta Restaurant Group had a return on equity of 5.87% and a net margin of 0.73%. The company had revenue of $174.65 million during the quarter, compared to the consensus estimate of $173.40 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. Analysts anticipate that Fiesta Restaurant Group will post 0.64 earnings per share for the current year.

In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. bought 262,710 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was bought at an average cost of $19.33 per share, for a total transaction of $5,078,184.30. Following the completion of the transaction, the insider now owns 3,533,288 shares of the company’s stock, valued at approximately $68,298,457.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FRGI. BlackRock Inc. lifted its holdings in Fiesta Restaurant Group by 3.6% during the second quarter. BlackRock Inc. now owns 3,611,416 shares of the restaurant operator’s stock valued at $103,649,000 after purchasing an additional 124,428 shares in the last quarter. Wasatch Advisors Inc. lifted its holdings in Fiesta Restaurant Group by 1.7% during the second quarter. Wasatch Advisors Inc. now owns 2,487,253 shares of the restaurant operator’s stock valued at $71,384,000 after purchasing an additional 41,833 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Fiesta Restaurant Group by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,584,019 shares of the restaurant operator’s stock valued at $45,462,000 after purchasing an additional 13,840 shares in the last quarter. Hood River Capital Management LLC purchased a new position in Fiesta Restaurant Group during the second quarter valued at approximately $20,685,000. Finally, Thomson Horstmann & Bryant Inc. lifted its holdings in Fiesta Restaurant Group by 12.0% during the third quarter. Thomson Horstmann & Bryant Inc. now owns 459,304 shares of the restaurant operator’s stock valued at $12,286,000 after purchasing an additional 49,232 shares in the last quarter.

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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