Brokerages Anticipate Fiesta Restaurant Group Inc (FRGI) to Announce $0.08 EPS

Analysts expect Fiesta Restaurant Group Inc (NASDAQ:FRGI) to post $0.08 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for Fiesta Restaurant Group’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.09. The firm is expected to report its next quarterly earnings results on Monday, February 25th.

According to Zacks, analysts expect that Fiesta Restaurant Group will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.58 to $0.61. For the next financial year, analysts expect that the company will report earnings of $0.80 per share, with EPS estimates ranging from $0.75 to $0.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Fiesta Restaurant Group.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its 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). Fiesta Restaurant Group had a return on equity of 5.87% and a net margin of 0.73%. The business had revenue of $174.65 million for the quarter, compared to analysts’ expectations of $173.40 million. During the same quarter last year, the company posted $0.06 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year.

FRGI has been the topic of a number of research reports. Piper Jaffray Companies upgraded Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a report on Friday, October 5th. BidaskClub downgraded Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Wedbush restated an “outperform” rating and issued a $28.00 price objective (down from $36.00) on shares of Fiesta Restaurant Group in a report on Tuesday, November 6th. ValuEngine downgraded Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Finally, Zacks Investment Research downgraded Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.00.

NASDAQ FRGI traded down $0.40 during trading hours on Friday, hitting $15.45. 123,158 shares of the company’s stock were exchanged, compared to its average volume of 200,922. Fiesta Restaurant Group has a 12-month low of $13.83 and a 12-month high of $30.88. The company has a market capitalization of $432.02 million, a PE ratio of 25.75 and a beta of 0.52. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

In related news, major shareholder Jefferies Financial Group Inc. bought 262,710 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average cost of $19.33 per share, for a total transaction of $5,078,184.30. Following the acquisition, 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 SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlueMountain Capital Management LLC acquired a new position in Fiesta Restaurant Group in the 3rd quarter valued at approximately $1,750,000. Paloma Partners Management Co bought a new stake in Fiesta Restaurant Group during the 3rd quarter worth approximately $790,000. Jane Street Group LLC bought a new stake in Fiesta Restaurant Group during the 3rd quarter worth approximately $412,000. Dynamic Technology Lab Private Ltd bought a new stake in Fiesta Restaurant Group during the 3rd quarter worth approximately $1,172,000. Finally, Renaissance Technologies LLC bought a new stake in Fiesta Restaurant Group during the 3rd quarter worth approximately $539,000. Hedge funds and other institutional investors own 96.47% of the company’s stock.

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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