Fiesta Restaurant Group Inc (NASDAQ:FRGI) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $26.50.
FRGI has been the subject of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $32.00 target price on shares of Fiesta Restaurant Group in a research report on Saturday, January 7th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Tuesday, February 28th. Jefferies Group LLC reiterated a “hold” rating and set a $25.00 target price on shares of Fiesta Restaurant Group in a research report on Tuesday, April 4th. Finally, Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “buy” rating to a “sell” rating in a research report on Thursday, March 2nd.
In other Fiesta Restaurant Group news, Director Brian P. Friedman acquired 660,000 shares of the stock in a transaction dated Friday, March 3rd. The stock was purchased at an average cost of $20.33 per share, for a total transaction of $13,417,800.00. Following the acquisition, the director now owns 32,681 shares in the company, valued at approximately $664,404.73. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Twohig acquired 5,000 shares of the stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average price of $21.61 per share, with a total value of $108,050.00. Following the completion of the acquisition, the director now owns 7,820 shares in the company, valued at approximately $168,990.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,018,945 shares of company stock valued at $20,900,509. Company insiders own 2.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Opera Trading Capital purchased a new stake in Fiesta Restaurant Group during the fourth quarter worth approximately $121,000. Municipal Employees Retirement System of Michigan purchased a new stake in Fiesta Restaurant Group during the third quarter worth approximately $151,000. Stephens Inc. AR purchased a new stake in Fiesta Restaurant Group during the third quarter worth approximately $205,000. Aperio Group LLC bought a new position in shares of Fiesta Restaurant Group during the third quarter worth about $209,000. Finally, Guggenheim Capital LLC bought a new position in shares of Fiesta Restaurant Group during the fourth quarter worth about $225,000. Institutional investors own 94.56% of the company’s stock.
Fiesta Restaurant Group (NASDAQ:FRGI) traded down 1.24% on Friday, hitting $23.90. 276,107 shares of the stock were exchanged. The company has a 50-day moving average price of $22.67 and a 200 day moving average price of $26.30. The company has a market capitalization of $639.44 million, a PE ratio of 38.55 and a beta of 1.12. Fiesta Restaurant Group has a 1-year low of $19.40 and a 1-year high of $35.48.
Fiesta Restaurant Group (NASDAQ:FRGI) last announced its earnings results on Monday, February 27th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Fiesta Restaurant Group had a net margin of 3.21% and a return on equity of 14.66%. The business earned $171.30 million during the quarter, compared to analyst estimates of $173.79 million. During the same period in the previous year, the business posted $0.39 earnings per share. Fiesta Restaurant Group’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts anticipate that Fiesta Restaurant Group will post $1.14 EPS for the current fiscal year.
About Fiesta Restaurant Group
Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).
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