Fiesta Restaurant Group, Inc. (FRGI) Reaches New 52-Week Low at $18.00

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) shares hit a new 52-week low on Monday . The company traded as low as $18.00 and last traded at $18.03, with a volume of 116,569 shares. The stock had previously closed at $18.45.

FRGI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a research note on Friday, May 5th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. BidaskClub lowered Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Wedbush reaffirmed a “buy” rating and issued a $28.00 target price on shares of Fiesta Restaurant Group in a research report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Fiesta Restaurant Group presently has an average rating of “Hold” and an average target price of $24.83.

The firm’s market cap is $477.66 million. The stock has a 50-day moving average price of $18.37 and a 200 day moving average price of $22.13.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings results on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $172.62 million during the quarter, compared to analyst estimates of $178.19 million. Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. Fiesta Restaurant Group’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Equities analysts expect that Fiesta Restaurant Group, Inc. will post $1.03 EPS for the current fiscal year.

In other Fiesta Restaurant Group news, CEO Richard C. Stockinger acquired 2,750 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $18.30 per share, for a total transaction of $50,325.00. Following the completion of the acquisition, the chief executive officer now directly owns 81,985 shares of the company’s stock, valued at approximately $1,500,325.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian P. Friedman bought 309,115 shares of the stock in a transaction on Friday, June 9th. The stock was purchased at an average cost of $21.12 per share, with a total value of $6,528,508.80. Following the purchase, the director now directly owns 36,270 shares of the company’s stock, valued at approximately $766,022.40. The disclosure for this purchase can be found here. Insiders have bought 717,165 shares of company stock worth $14,143,135 over the last quarter. 2.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Leucadia National Corp acquired a new position in shares of Fiesta Restaurant Group during the first quarter valued at approximately $24,369,000. Wasatch Advisors Inc. boosted its position in shares of Fiesta Restaurant Group by 11.5% in the second quarter. Wasatch Advisors Inc. now owns 3,572,879 shares of the restaurant operator’s stock valued at $73,780,000 after buying an additional 368,346 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Fiesta Restaurant Group by 32.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,449,051 shares of the restaurant operator’s stock valued at $29,923,000 after buying an additional 354,351 shares during the last quarter. Bandera Partners LLC boosted its position in shares of Fiesta Restaurant Group by 437.2% in the first quarter. Bandera Partners LLC now owns 397,239 shares of the restaurant operator’s stock valued at $9,613,000 after buying an additional 323,299 shares during the last quarter. Finally, Point72 Europe London LLP acquired a new position in shares of Fiesta Restaurant Group during the first quarter valued at approximately $5,830,000. Institutional investors and hedge funds own 91.67% of the company’s stock.

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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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