Dimensional Fund Advisors LP boosted its position in Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,520,565 shares of the restaurant operator’s stock after acquiring an additional 71,514 shares during the quarter. Dimensional Fund Advisors LP owned 5.61% of Fiesta Restaurant Group worth $28,891,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL boosted its holdings in shares of Fiesta Restaurant Group by 203.3% during the third quarter. Virginia Retirement Systems ET AL now owns 64,900 shares of the restaurant operator’s stock worth $1,233,000 after purchasing an additional 43,500 shares during the period. First Manhattan Co. purchased a new stake in Fiesta Restaurant Group in the third quarter worth about $1,837,000. First Eagle Investment Management LLC purchased a new stake in Fiesta Restaurant Group in the third quarter worth about $999,000. Citigroup Inc. lifted its holdings in Fiesta Restaurant Group by 62,107.0% in the second quarter. Citigroup Inc. now owns 35,458 shares of the restaurant operator’s stock worth $733,000 after buying an additional 35,401 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Fiesta Restaurant Group by 29.7% during the second quarter. Public Employees Retirement System of Ohio now owns 88,090 shares of the restaurant operator’s stock valued at $1,819,000 after purchasing an additional 20,148 shares in the last quarter. 97.10% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $24.00 price target (up previously from $19.00) on shares of Fiesta Restaurant Group in a research report on Friday, December 8th. BidaskClub downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.60.
Fiesta Restaurant Group Inc (NASDAQ:FRGI) remained flat at $$17.95 on Friday. 249,425 shares of the company’s stock traded hands, compared to its average volume of 212,715. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.26. The company has a market cap of $475.84, a PE ratio of -20.87, a PEG ratio of 1.71 and a beta of 0.62. Fiesta Restaurant Group Inc has a 12-month low of $15.50 and a 12-month high of $28.85.
Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly 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 the consensus estimate 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 was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. equities research analysts predict that Fiesta Restaurant Group Inc will post 0.73 EPS for the current fiscal year.
In other news, insider Charles Locke purchased 1,565 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought 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 approximately $29,312.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.
Fiesta Restaurant Group Company 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).
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