$171.48 Million in Sales Expected for Fiesta Restaurant Group Inc (FRGI) This Quarter

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Wall Street analysts expect that Fiesta Restaurant Group Inc (NASDAQ:FRGI) will post $171.48 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Fiesta Restaurant Group’s earnings. The highest sales estimate is $174.22 million and the lowest is $167.92 million. Fiesta Restaurant Group posted sales of $162.21 million during the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The business is expected to report its next quarterly earnings results on Monday, February 25th.

On average, analysts expect that Fiesta Restaurant Group will report full year sales of $692.45 million for the current year, with estimates ranging from $688.88 million to $695.18 million. For the next financial year, analysts anticipate that the firm will post sales of $730.70 million, with estimates ranging from $725.66 million to $733.64 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Fiesta Restaurant Group.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, November 5th. The restaurant operator reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.08). The firm had revenue of $174.65 million for the quarter, compared to the consensus estimate of $173.40 million. Fiesta Restaurant Group had a net margin of 0.73% and a return on equity of 5.87%. Fiesta Restaurant Group’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS.

FRGI has been the subject of several analyst reports. Piper Jaffray Companies raised shares of Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a research report on Friday, October 5th. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. BidaskClub downgraded shares of Fiesta Restaurant Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 29th. Wedbush reaffirmed an “outperform” rating and issued a $28.00 target price (down previously from $36.00) on shares of Fiesta Restaurant Group in a research report on Tuesday, November 6th. Finally, ValuEngine downgraded shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.00.

Shares of FRGI traded down $0.32 on Tuesday, hitting $18.79. 296,200 shares of the stock traded hands, compared to its average volume of 270,343. The company has a market capitalization of $519.24 million, a P/E ratio of 31.00 and a beta of 0.44. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 0.29. Fiesta Restaurant Group has a one year low of $16.40 and a one year high of $30.88.

In related news, major shareholder Jefferies Financial Group Inc. bought 262,710 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was acquired at an average price of $19.33 per share, with a total value of $5,078,184.30. Following the transaction, the insider now owns 3,533,288 shares in the company, valued at approximately $68,298,457.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company’s stock.

A number of large investors have recently bought and sold shares of FRGI. First Mercantile Trust Co. purchased a new position in shares of Fiesta Restaurant Group during the 2nd quarter worth $426,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Fiesta Restaurant Group by 8.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 249,958 shares of the restaurant operator’s stock worth $7,174,000 after acquiring an additional 19,858 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Fiesta Restaurant Group by 36.7% during the 2nd quarter. GSA Capital Partners LLP now owns 41,974 shares of the restaurant operator’s stock worth $1,205,000 after acquiring an additional 11,274 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Fiesta Restaurant Group by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,584,019 shares of the restaurant operator’s stock worth $45,462,000 after acquiring an additional 13,840 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Fiesta Restaurant Group during the 2nd quarter worth $212,000. 98.96% of the stock is owned by institutional investors and hedge funds.

Fiesta Restaurant Group Company Profile

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 citrus marinated, fire-grilled chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants provide Mexican inspired food made fresh by hand.

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Earnings History and Estimates for Fiesta Restaurant Group (NASDAQ:FRGI)

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