ValuEngine upgraded shares of Fiesta Restaurant Group (NASDAQ:FRGI) from a sell rating to a hold rating in a research note released on Saturday morning.
Several other research firms also recently weighed in on FRGI. Wedbush reaffirmed a buy rating and issued a $24.00 price objective on shares of Fiesta Restaurant Group in a report on Tuesday, February 27th. BidaskClub raised shares of Fiesta Restaurant Group from a sell rating to a hold rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $22.60.
Fiesta Restaurant Group (NASDAQ:FRGI) opened at $19.20 on Friday. Fiesta Restaurant Group has a 1-year low of $15.50 and a 1-year high of $25.35. The stock has a market cap of $520.07, a price-to-earnings ratio of -14.22, a PEG ratio of 2.30 and a beta of 0.71. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.33.
In other Fiesta Restaurant Group news, Director Jack A. Smith purchased 3,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $17.04 per share, for a total transaction of $51,120.00. Following the completion of the transaction, the director now owns 52,041 shares in the company, valued at $886,778.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder National Corp Leucadia purchased 176,814 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was acquired at an average price of $16.59 per share, for a total transaction of $2,933,344.26. Following the completion of the transaction, the insider now owns 3,075,383 shares of the company’s stock, valued at approximately $51,020,603.97. The disclosure for this purchase can be found here. Insiders sold 941 shares of company stock valued at $17,673 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of FRGI. Ladenburg Thalmann Financial Services Inc. bought a new stake in Fiesta Restaurant Group in the fourth quarter worth about $186,000. Municipal Employees Retirement System of Michigan raised its position in Fiesta Restaurant Group by 59.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,160 shares of the restaurant operator’s stock worth $193,000 after acquiring an additional 3,800 shares in the last quarter. Virtu Financial LLC bought a new stake in Fiesta Restaurant Group in the fourth quarter worth about $205,000. MetLife Investment Advisors LLC bought a new stake in Fiesta Restaurant Group in the fourth quarter worth about $254,000. Finally, BNP Paribas Arbitrage SA raised its position in Fiesta Restaurant Group by 37.9% in the third quarter. BNP Paribas Arbitrage SA now owns 14,096 shares of the restaurant operator’s stock worth $268,000 after acquiring an additional 3,871 shares in the last quarter. Hedge funds and other institutional investors own 98.87% 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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