Fiesta Restaurant Group Inc (NASDAQ:FRGI) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 2,680,000 shares, an increase of 22.9% from the January 15th total of 2,180,000 shares. Based on an average daily volume of 305,400 shares, the days-to-cover ratio is currently 8.8 days. Approximately 10.0% of the shares of the stock are sold short.
Shares of FRGI stock traded down $0.08 on Friday, hitting $10.26. 9,505 shares of the stock traded hands, compared to its average volume of 279,114. The firm’s 50-day moving average price is $10.38 and its two-hundred day moving average price is $9.81. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.46 and a current ratio of 0.51. The stock has a market capitalization of $284.28 million, a PE ratio of -3.83 and a beta of -0.03. Fiesta Restaurant Group has a twelve month low of $8.23 and a twelve month high of $16.85.
Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in Fiesta Restaurant Group by 156.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,183 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 2,549 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in Fiesta Restaurant Group by 17.9% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,795 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 1,032 shares during the period. Creative Planning purchased a new stake in Fiesta Restaurant Group in the 3rd quarter valued at about $150,000. Magnus Financial Group LLC purchased a new stake in Fiesta Restaurant Group in the 4th quarter valued at about $144,000. Finally, State of Alaska Department of Revenue raised its holdings in Fiesta Restaurant Group by 105.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 16,465 shares of the restaurant operator’s stock valued at $171,000 after buying an additional 8,443 shares during the period. 94.99% of the stock is currently owned by hedge funds and other 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.
Read More: What is the S&P/TSX Index?
Receive News & Ratings for Fiesta Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.