Fiesta Restaurant Group Inc (NASDAQ:FRGI) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $26.50.
A number of equities research analysts recently commented on the stock. Jefferies Group LLC lowered their price target on shares of Fiesta Restaurant Group from $28.00 to $25.00 and set a “hold” rating for the company in a report on Tuesday, February 28th. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “strong sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research report on Monday, January 9th. Wedbush reissued an “outperform” rating and set a $28.00 price objective on shares of Fiesta Restaurant Group in a research report on Tuesday, March 7th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Tuesday, February 28th.
In other news, Director Brian P. Friedman acquired 660,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were bought at an average cost of $20.33 per share, with a total value of $13,417,800.00. Following the transaction, the director now owns 32,681 shares of the company’s stock, valued at approximately $664,404.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul E. Twohig bought 5,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were bought at an average price of $21.61 per share, for a total transaction of $108,050.00. Following the purchase, the director now directly owns 7,820 shares in the company, valued at approximately $168,990.20. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,018,945 shares of company stock worth $20,900,509 over the last three months. 2.20% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its position in Fiesta Restaurant Group by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock valued at $266,000 after buying an additional 200 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Fiesta Restaurant Group by 4.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,320 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 650 shares in the last quarter. Comerica Bank boosted its position in Fiesta Restaurant Group by 3.0% in the fourth quarter. Comerica Bank now owns 28,540 shares of the restaurant operator’s stock valued at $789,000 after buying an additional 824 shares in the last quarter. A.R.T. Advisors LLC boosted its position in Fiesta Restaurant Group by 12.2% in the fourth quarter. A.R.T. Advisors LLC now owns 13,800 shares of the restaurant operator’s stock valued at $411,000 after buying an additional 1,500 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Fiesta Restaurant Group by 8.7% in the third quarter. UBS Asset Management Americas Inc. now owns 44,740 shares of the restaurant operator’s stock valued at $1,074,000 after buying an additional 3,597 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.
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Fiesta Restaurant Group (NASDAQ:FRGI) traded down 1.24% on Friday, hitting $23.90. 276,107 shares of the stock were exchanged. The company has a 50-day moving average price of $22.67 and a 200 day moving average price of $26.30. The company has a market capitalization of $639.44 million, a PE ratio of 38.55 and a beta of 1.12. Fiesta Restaurant Group has a 1-year low of $19.40 and a 1-year high of $35.48.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings results on Monday, February 27th. The restaurant operator reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. Fiesta Restaurant Group had a net margin of 3.21% and a return on equity of 14.66%. The company earned $171.30 million during the quarter, compared to analyst estimates of $173.79 million. During the same period in the prior year, the business posted $0.39 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. Analysts anticipate that Fiesta Restaurant Group will post $1.14 EPS for the current fiscal year.
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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