OxFORD Asset Management LLP Sells 85,008 Shares of Fiesta Restaurant Group, Inc. (FRGI)

OxFORD Asset Management LLP lessened its stake in Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 15.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 481,561 shares of the restaurant operator’s stock after selling 85,008 shares during the quarter. OxFORD Asset Management LLP owned 1.80% of Fiesta Restaurant Group worth $9,944,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of Fiesta Restaurant Group by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,100 shares of the restaurant operator’s stock valued at $291,000 after buying an additional 100 shares during the period. Texas Permanent School Fund boosted its stake in shares of Fiesta Restaurant Group by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 19,760 shares of the restaurant operator’s stock valued at $408,000 after buying an additional 268 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Fiesta Restaurant Group by 5.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock valued at $131,000 after buying an additional 310 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Fiesta Restaurant Group by 7.7% in the 1st quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 450 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Fiesta Restaurant Group by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 142,096 shares of the restaurant operator’s stock valued at $2,934,000 after buying an additional 530 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.

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Several equities research analysts recently weighed in on the company. TheStreet cut Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Wedbush restated a “buy” rating on shares of Fiesta Restaurant Group in a research note on Monday, September 18th. BidaskClub cut Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Finally, Zacks Investment Research cut Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.33.

In other Fiesta Restaurant Group news, Director Brian P. Friedman purchased 160,000 shares of Fiesta Restaurant Group stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $18.83 per share, with a total value of $3,012,800.00. Following the completion of the acquisition, the director now owns 36,270 shares of the company’s stock, valued at approximately $682,964.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian P. Friedman purchased 60,000 shares of Fiesta Restaurant Group stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $18.71 per share, with a total value of $1,122,600.00. Following the acquisition, the director now directly owns 36,270 shares of the company’s stock, valued at approximately $678,611.70. The disclosure for this purchase can be found here. Insiders purchased 1,271,375 shares of company stock valued at $22,323,743 in the last three months. 2.20% of the stock is currently owned by company insiders.

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) traded up 1.45% during midday trading on Tuesday, reaching $17.50. The company had a trading volume of 105,046 shares. Fiesta Restaurant Group, Inc. has a 12 month low of $15.50 and a 12 month high of $30.65. The firm’s market capitalization is $469.61 million. The firm’s 50-day moving average price is $17.56 and its 200 day moving average price is $20.72.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The business had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts anticipate that Fiesta Restaurant Group, Inc. will post $1.00 earnings per share for the current fiscal year.

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).

Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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