Several other equities research analysts have also issued reports on the company. Piper Jaffray Companies lowered Fiesta Restaurant Group from a neutral rating to an underweight rating and decreased their target price for the company from $17.00 to $14.00 in a research report on Thursday. Zacks Investment Research lowered Fiesta Restaurant Group from a hold rating to a strong sell rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. BidaskClub lowered Fiesta Restaurant Group from a sell rating to a strong sell rating in a research report on Sunday, July 16th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $25.00 target price on shares of Fiesta Restaurant Group in a research report on Monday, May 15th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $24.33.
Fiesta Restaurant Group (NASDAQ FRGI) traded up 5.03% on Thursday, reaching $16.70. 308,307 shares of the company traded hands. The stock’s market capitalization is $448.14 million. The firm has a 50 day moving average of $17.60 and a 200-day moving average of $21.00. Fiesta Restaurant Group has a one year low of $15.50 and a one year high of $30.65.
Fiesta Restaurant Group (NASDAQ:FRGI) last released 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. Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The company had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, analysts anticipate that Fiesta Restaurant Group will post $1.02 EPS for the current year.
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In related news, CEO Richard C. Stockinger bought 2,750 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $18.30 per share, for a total transaction of $50,325.00. Following the purchase, the chief executive officer now directly owns 81,985 shares in the company, valued at $1,500,325.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard C. Stockinger bought 2,915 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $17.15 per share, with a total value of $49,992.25. Following the purchase, the chief executive officer now owns 84,900 shares in the company, valued at $1,456,035. The disclosure for this purchase can be found here. In the last three months, insiders purchased 928,665 shares of company stock valued at $16,751,177. 2.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue boosted its stake in Fiesta Restaurant Group by 80.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 2,376 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in 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 worth $131,000 after purchasing an additional 310 shares during the period. Mason Street Advisors LLC boosted its stake in 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 worth $152,000 after purchasing an additional 450 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Fiesta Restaurant Group by 61.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 3,880 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Fiesta Restaurant Group in the 2nd quarter worth about $217,000. Institutional investors and hedge funds own 94.09% of the company’s stock.
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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