Fiesta Restaurant Group Inc (NASDAQ:FRGI) was the target of a significant increase in short interest in November. As of November 29th, there was short interest totalling 2,130,000 shares, an increase of 19.0% from the November 14th total of 1,790,000 shares. Based on an average daily volume of 275,400 shares, the short-interest ratio is presently 7.7 days. Currently, 7.9% of the shares of the stock are sold short.
FRGI stock traded down $0.01 during trading on Friday, reaching $9.22. 213,040 shares of the stock were exchanged, compared to its average volume of 242,367. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 1.82. The business has a 50 day moving average price of $9.35 and a 200-day moving average price of $10.60. Fiesta Restaurant Group has a 1 year low of $8.23 and a 1 year high of $17.67. The firm has a market capitalization of $253.37 million, a price-to-earnings ratio of 15.37 and a beta of -0.05.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.08). Fiesta Restaurant Group had a positive return on equity of 5.52% and a negative net margin of 10.65%. The firm had revenue of $164.20 million for the quarter, compared to analysts’ expectations of $164.39 million. During the same period last year, the firm earned $0.11 earnings per share. Fiesta Restaurant Group’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts anticipate that Fiesta Restaurant Group will post 0.43 EPS for the current year.
A number of hedge funds have recently modified their holdings of FRGI. SG Americas Securities LLC raised its stake in Fiesta Restaurant Group by 67.5% during the second quarter. SG Americas Securities LLC now owns 13,553 shares of the restaurant operator’s stock worth $178,000 after purchasing an additional 5,464 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Fiesta Restaurant Group by 104.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 13,840 shares of the restaurant operator’s stock worth $182,000 after purchasing an additional 7,060 shares during the period. Rice Hall James & Associates LLC purchased a new position in Fiesta Restaurant Group during the second quarter worth about $1,282,000. Ruffer LLP raised its stake in Fiesta Restaurant Group by 150.0% during the second quarter. Ruffer LLP now owns 50,000 shares of the restaurant operator’s stock worth $657,000 after purchasing an additional 30,000 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Fiesta Restaurant Group during the second quarter worth about $823,000. 94.96% of the stock is currently owned by institutional investors.
About Fiesta Restaurant Group
Fiesta Restaurant Group, Inc, through its subsidiaries, owns, operates, and franchises fast-casual restaurants. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brands. The company's Pollo Tropical restaurants offer fire-grilled and citrus marinated chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants that provide Mexican inspired food made fresh by hand.
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