Brokerages Set Fiesta Restaurant Group Inc (FRGI) PT at $26.50

Shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $26.50.

A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of Fiesta Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 14th. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. ValuEngine downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. TheStreet downgraded shares of Fiesta Restaurant Group from a “c-” rating to a “d” rating in a research note on Monday, February 25th. Finally, Stephens dropped their price target on shares of Fiesta Restaurant Group from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 26th.

Shares of NASDAQ FRGI traded up $0.23 during mid-day trading on Friday, reaching $14.13. The company had a trading volume of 6,665 shares, compared to its average volume of 321,733. Fiesta Restaurant Group has a twelve month low of $12.27 and a twelve month high of $30.88. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $381.56 million, a PE ratio of 23.55 and a beta of 0.21.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Fiesta Restaurant Group had a return on equity of 6.55% and a net margin of 0.86%. The company had revenue of $165.85 million during the quarter, compared to analyst estimates of $163.15 million. During the same period last year, the company posted $0.16 earnings per share. The company’s revenue was down 2.1% compared to the same quarter last year. As a group, analysts predict that Fiesta Restaurant Group will post 0.65 EPS for the current year.

In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. bought 167,809 shares of the stock in a transaction on Thursday, May 9th. The shares were purchased at an average cost of $13.03 per share, with a total value of $2,186,551.27. Following the completion of the transaction, the insider now directly owns 3,954,430 shares of the company’s stock, valued at approximately $51,526,222.90. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard C. Stockinger bought 3,290 shares of the stock in a transaction on Friday, March 1st. The shares were acquired at an average cost of $15.25 per share, for a total transaction of $50,172.50. Following the completion of the transaction, the chief executive officer now directly owns 88,190 shares of the company’s stock, valued at $1,344,897.50. The disclosure for this purchase can be found here. Insiders have acquired 710,913 shares of company stock worth $9,717,099 over the last three months. Company insiders own 1.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. increased its position in Fiesta Restaurant Group by 15.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 3,786,621 shares of the restaurant operator’s stock worth $56,269,000 after buying an additional 516,043 shares during the last quarter. BlackRock Inc. increased its position in Fiesta Restaurant Group by 1.4% during the first quarter. BlackRock Inc. now owns 3,495,639 shares of the restaurant operator’s stock worth $45,828,000 after buying an additional 46,601 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Fiesta Restaurant Group by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,609,561 shares of the restaurant operator’s stock worth $21,101,000 after buying an additional 5,942 shares during the last quarter. Private Capital Management LLC increased its position in Fiesta Restaurant Group by 8.0% during the first quarter. Private Capital Management LLC now owns 991,474 shares of the restaurant operator’s stock worth $12,998,000 after buying an additional 73,851 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its position in Fiesta Restaurant Group by 7.2% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 492,211 shares of the restaurant operator’s stock worth $7,634,000 after buying an additional 32,907 shares during the last quarter. 96.61% of the stock is currently owned by hedge funds and other institutional investors.

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 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.

See Also: Intrinsic Value

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