News articles about Fiesta Restaurant Group (NASDAQ:FRGI) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fiesta Restaurant Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the restaurant operator an impact score of 48.2631370063172 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- Financial Survey: Fiesta Restaurant Group (FRGI) vs. Bloomin’ Brands (BLMN) (americanbankingnews.com)
- Fiesta Restaurant Group, Inc. (FRGI) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Q4 2017 EPS Estimates for Fiesta Restaurant Group, Inc. Boosted by Analyst (FRGI) (americanbankingnews.com)
- Zacks: Analysts Anticipate Fiesta Restaurant Group, Inc. (FRGI) Will Post Quarterly Sales of $158.46 Million (americanbankingnews.com)
- FY2017 EPS Estimates for Fiesta Restaurant Group, Inc. Decreased by Analyst (FRGI) (americanbankingnews.com)
Several brokerages recently commented on FRGI. Piper Jaffray Companies restated a “neutral” rating and set a $17.00 target price (down previously from $22.00) on shares of Fiesta Restaurant Group in a research report on Thursday, August 10th. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday. Wedbush restated a “buy” rating and set a $19.00 target price on shares of Fiesta Restaurant Group in a research report on Tuesday, November 7th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. Finally, TheStreet lowered Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.60.
Shares of Fiesta Restaurant Group (FRGI) opened at $16.75 on Friday. The company has a market capitalization of $453.71, a P/E ratio of 19.03, a PEG ratio of 1.52 and a beta of 0.69. Fiesta Restaurant Group has a 52 week low of $15.50 and a 52 week high of $30.65. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.26.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing the consensus estimate 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 positive return on equity of 9.49% and a negative net margin of 3.40%. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. equities research analysts predict that Fiesta Restaurant Group will post 0.79 EPS for the current year.
In other Fiesta Restaurant Group news, Director Brian P. Friedman purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of $18.68 per share, with a total value of $747,200.00. Following the completion of the transaction, the director now owns 36,270 shares of the company’s stock, valued at approximately $677,523.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian P. Friedman purchased 51,710 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were acquired at an average cost of $17.36 per share, with a total value of $897,685.60. Following the completion of the transaction, the director now directly owns 36,270 shares of the company’s stock, valued at approximately $629,647.20. The disclosure for this purchase can be found here. Insiders have purchased 1,050,375 shares of company stock valued at $18,169,213 over the last ninety days. 2.20% of the stock is currently owned by company insiders.
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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