BidaskClub lowered shares of Fiesta Restaurant Group (NASDAQ:FRGI) from a hold rating to a sell rating in a report published on Thursday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Fiesta Restaurant Group from a hold rating to a buy rating and set a $28.00 price target for the company in a report on Tuesday, November 6th. Wedbush reaffirmed an outperform rating and issued a $28.00 price target (down previously from $36.00) on shares of Fiesta Restaurant Group in a report on Tuesday, November 6th. Finally, Piper Jaffray Companies raised shares of Fiesta Restaurant Group from an underweight rating to a neutral rating in a report on Friday, October 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Fiesta Restaurant Group currently has a consensus rating of Hold and an average price target of $27.00.

Shares of NASDAQ:FRGI opened at $16.51 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 0.29. Fiesta Restaurant Group has a 12 month low of $16.40 and a 12 month high of $30.88. The stock has a market capitalization of $450.01 million, a P/E ratio of 31.75 and a beta of 0.31.

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 the Zacks’ consensus estimate of $0.19 by ($0.08). Fiesta Restaurant Group had a net margin of 0.73% and a return on equity of 5.87%. The business had revenue of $174.65 million during the quarter, compared to the consensus estimate of $173.40 million. During the same period in the previous year, the business posted $0.06 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts forecast that Fiesta Restaurant Group will post 0.6 earnings per share for the current year.

In other news, major shareholder Jefferies Financial Group Inc. acquired 262,710 shares of Fiesta Restaurant Group stock in a transaction that occurred on Thursday, November 8th. The shares were bought at an average cost of $19.33 per share, with a total value of $5,078,184.30. Following the transaction, the insider now directly owns 3,533,288 shares of the company’s stock, valued at approximately $68,298,457.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC purchased a new stake in Fiesta Restaurant Group in the 3rd quarter worth about $1,750,000. Paloma Partners Management Co purchased a new stake in Fiesta Restaurant Group in the 3rd quarter worth about $790,000. Jane Street Group LLC purchased a new stake in Fiesta Restaurant Group in the 3rd quarter worth about $412,000. Dynamic Technology Lab Private Ltd purchased a new stake in Fiesta Restaurant Group in the 3rd quarter worth about $1,172,000. Finally, Renaissance Technologies LLC purchased a new stake in Fiesta Restaurant Group in the 3rd quarter worth about $539,000. 96.49% of the stock is currently owned by institutional investors.

About Fiesta Restaurant Group

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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