Fiesta Restaurant Group, Inc. (FRGI) Given Average Rating of “Hold” by Brokerages

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) has received an average rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $21.60.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Wedbush reiterated a “buy” rating and set a $19.00 price objective on shares of Fiesta Restaurant Group in a research note on Tuesday, November 7th. TheStreet lowered Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Piper Jaffray Companies lowered Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $17.00 to $14.00 in a research note on Thursday, September 7th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th.

In other news, CEO Richard C. Stockinger acquired 2,915 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average cost of $17.15 per share, for a total transaction of $49,992.25. Following the acquisition, the chief executive officer now owns 84,900 shares in the company, valued at approximately $1,456,035. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian P. Friedman acquired 110,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $18.01 per share, for a total transaction of $1,981,100.00. Following the completion of the acquisition, the director now owns 36,270 shares in the company, valued at approximately $653,222.70. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 865,625 shares of company stock valued at $14,757,808. 2.20% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its holdings in Fiesta Restaurant Group by 110.2% in the 2nd quarter. Prudential Financial Inc. now owns 316,032 shares of the restaurant operator’s stock worth $6,526,000 after buying an additional 165,670 shares during the last quarter. Legal & General Group Plc boosted its holdings in Fiesta Restaurant Group by 1.7% in the 1st quarter. Legal & General Group Plc now owns 46,910 shares of the restaurant operator’s stock worth $1,134,000 after buying an additional 762 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in Fiesta Restaurant Group by 6.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 15,300 shares of the restaurant operator’s stock worth $370,000 after buying an additional 980 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fiesta Restaurant Group by 32.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,449,051 shares of the restaurant operator’s stock worth $29,923,000 after buying an additional 354,351 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Fiesta Restaurant Group by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 204,620 shares of the restaurant operator’s stock worth $4,952,000 after buying an additional 8,477 shares during the last quarter. Institutional investors own 94.35% of the company’s stock.

Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded up $0.55 during mid-day trading on Monday, reaching $17.80. The company had a trading volume of 272,370 shares, compared to its average volume of 319,675. The stock has a market cap of $494.48, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.67 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.49. 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 data on Monday, November 6th. The restaurant operator reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.19). The company had revenue of $158.70 million for the quarter, compared to analysts’ expectations of $162.05 million. Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The business’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. equities analysts predict that Fiesta Restaurant Group will post 0.74 earnings per share for the current year.

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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).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

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