A number of other equities research analysts have also commented on FRGI. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. BidaskClub upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Stephens lowered their price target on shares of Fiesta Restaurant Group from $25.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.00.
Shares of NASDAQ:FRGI opened at $10.49 on Wednesday. The stock has a market cap of $268.18 million, a PE ratio of 17.48 and a beta of -0.09. The company’s fifty day moving average is $9.72 and its 200 day moving average is $12.40. Fiesta Restaurant Group has a 52 week low of $8.23 and a 52 week high of $30.11. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.55.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Wednesday, August 7th. The restaurant operator reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $171.40 million during the quarter, compared to analysts’ expectations of $172.73 million. Fiesta Restaurant Group had a positive return on equity of 6.32% and a negative net margin of 6.92%. Fiesta Restaurant Group’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. Sell-side analysts anticipate that Fiesta Restaurant Group will post 0.59 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Fiesta Restaurant Group by 3.1% during the 2nd quarter. BlackRock Inc. now owns 3,605,741 shares of the restaurant operator’s stock valued at $47,378,000 after buying an additional 110,102 shares during the last quarter. Private Capital Management LLC raised its holdings in Fiesta Restaurant Group by 52.4% in the 2nd quarter. Private Capital Management LLC now owns 1,510,790 shares of the restaurant operator’s stock worth $19,852,000 after purchasing an additional 519,316 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Fiesta Restaurant Group by 35.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 750,558 shares of the restaurant operator’s stock worth $9,863,000 after purchasing an additional 195,978 shares in the last quarter. Birch Run Capital Advisors LP raised its holdings in Fiesta Restaurant Group by 16.6% in the 2nd quarter. Birch Run Capital Advisors LP now owns 435,527 shares of the restaurant operator’s stock worth $5,723,000 after purchasing an additional 62,000 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in Fiesta Restaurant Group by 370.5% in the 1st quarter. Kennedy Capital Management Inc. now owns 432,798 shares of the restaurant operator’s stock worth $5,674,000 after purchasing an additional 340,806 shares in the last quarter. Institutional investors own 94.10% of the company’s stock.
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.
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