Fiesta Restaurant Group, Inc. (FRGI) Shares Bought by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lifted its position in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 203.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,900 shares of the restaurant operator’s stock after acquiring an additional 43,500 shares during the quarter. Virginia Retirement Systems ET AL owned 0.24% of Fiesta Restaurant Group worth $1,233,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Fiesta Restaurant Group by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 2,376 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Fiesta Restaurant Group by 5.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock worth $131,000 after acquiring an additional 310 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Fiesta Restaurant Group by 61.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock worth $211,000 after acquiring an additional 3,880 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Fiesta Restaurant Group during the 2nd quarter worth approximately $217,000. Finally, Voya Investment Management LLC boosted its stake in shares of Fiesta Restaurant Group by 12.1% during the 2nd quarter. Voya Investment Management LLC now owns 13,014 shares of the restaurant operator’s stock worth $269,000 after acquiring an additional 1,402 shares in the last quarter. 94.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) opened at $18.65 on Friday. Fiesta Restaurant Group, Inc. has a 52 week low of $15.50 and a 52 week high of $30.65. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $517.36, a P/E ratio of 21.70, a P/E/G ratio of 1.84 and a beta of 0.76.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, November 6th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The company had revenue of $158.70 million during the quarter, compared to analysts’ expectations of $162.05 million. Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. Fiesta Restaurant Group’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. equities analysts forecast that Fiesta Restaurant Group, Inc. will post 0.74 earnings per share for the current year.

A number of research firms recently issued reports on FRGI. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $17.00 target price (down previously from $22.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 10th. Wedbush reaffirmed a “buy” rating on shares of Fiesta Restaurant Group in a research note on Monday, September 18th. Zacks Investment Research raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, TheStreet lowered Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Two 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 stock. Fiesta Restaurant Group presently has a consensus rating of “Hold” and a consensus target price of $21.60.

In other Fiesta Restaurant Group news, Director Brian P. Friedman purchased 51,710 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average cost of $17.36 per share, for a total transaction of $897,685.60. Following the acquisition, the director now owns 36,270 shares of the company’s stock, valued at approximately $629,647.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian P. Friedman purchased 290,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was acquired at an average price of $16.06 per share, with a total value of $4,657,400.00. Following the completion of the acquisition, the director now directly owns 2,152,565 shares in the company, valued at approximately $34,570,193.90. The disclosure for this purchase can be found here. Insiders acquired a total of 344,275 shares of company stock valued at $5,601,878 over the last quarter. 2.20% of the stock is currently owned by insiders.

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Fiesta Restaurant Group Profile

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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