Shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) have earned an average rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.60.
A number of equities analysts have issued reports on FRGI shares. Wedbush restated a “buy” rating and set a $19.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, November 7th. Piper Jaffray Companies cut Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $17.00 to $14.00 in a report on Thursday, September 7th. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, TheStreet cut Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a report on Thursday, September 7th.
In other Fiesta Restaurant Group news, insider Charles Locke purchased 1,565 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were purchased at an average cost of $18.73 per share, for a total transaction of $29,312.45. Following the acquisition, the insider now owns 1,565 shares of the company’s stock, valued at $29,312.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the business. Wasatch Advisors Inc. lifted its holdings in shares of Fiesta Restaurant Group by 11.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,572,879 shares of the restaurant operator’s stock worth $73,780,000 after purchasing an additional 368,346 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Fiesta Restaurant Group by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,520,565 shares of the restaurant operator’s stock worth $28,891,000 after purchasing an additional 71,514 shares in the last quarter. Newtyn Management LLC bought a new position in shares of Fiesta Restaurant Group in the 3rd quarter worth $19,000,000. State Street Corp lifted its holdings in shares of Fiesta Restaurant Group by 4.8% in the 2nd quarter. State Street Corp now owns 619,008 shares of the restaurant operator’s stock worth $12,777,000 after purchasing an additional 28,557 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Fiesta Restaurant Group by 6.0% in the 3rd quarter. Prudential Financial Inc. now owns 335,092 shares of the restaurant operator’s stock worth $6,367,000 after purchasing an additional 19,060 shares in the last quarter. Hedge funds and other institutional investors own 94.10% of the company’s stock.
Fiesta Restaurant Group (NASDAQ:FRGI) traded down $0.20 during trading hours on Tuesday, reaching $19.35. 117,937 shares of the company’s stock were exchanged, compared to its average volume of 144,950. The firm has a market cap of $518.91, a P/E ratio of -22.50, a PEG ratio of 1.97 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.49. Fiesta Restaurant Group has a twelve month low of $15.50 and a twelve month high of $29.00.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, November 6th. The restaurant operator reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The firm had revenue of $158.70 million for the quarter, compared to analyst estimates of $162.05 million. Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. research analysts expect that Fiesta Restaurant Group will post 0.73 EPS for the current fiscal year.
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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).
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