Fiesta Restaurant Group, Inc. (FRGI) Receives $22.60 Consensus PT from Brokerages

Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) have earned an average rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.60.

Several brokerages have recently commented on FRGI. Wedbush restated an “outperform” rating and set a $24.00 price objective (up from $19.00) on shares of Fiesta Restaurant Group in a research report on Friday. Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. TheStreet downgraded shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research report on Thursday, September 7th. Finally, Piper Jaffray Companies downgraded shares of Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $17.00 to $14.00 in a research report on Thursday, September 7th.

In related news, Director Brian P. Friedman bought 51,710 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average cost of $17.36 per share, with a total value of $897,685.60. Following the completion of the purchase, the director now owns 36,270 shares of the company’s stock, valued at approximately $629,647.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles Locke bought 1,565 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average cost of $18.73 per share, with a total value of $29,312.45. Following the completion of the purchase, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $29,312.45. The disclosure for this purchase can be found here. Insiders have bought a total of 54,275 shares of company stock worth $944,478 over the last 90 days. Insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of FRGI. Newtyn Management LLC purchased a new position in Fiesta Restaurant Group during the third quarter valued at $19,000,000. Wasatch Advisors Inc. grew its stake in Fiesta Restaurant Group by 11.5% during the second quarter. Wasatch Advisors Inc. now owns 3,572,879 shares of the restaurant operator’s stock valued at $73,780,000 after acquiring an additional 368,346 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Fiesta Restaurant Group by 32.4% during 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 acquiring an additional 354,351 shares in the last quarter. Leucadia National Corp grew its stake in Fiesta Restaurant Group by 34.7% during the second quarter. Leucadia National Corp now owns 1,356,295 shares of the restaurant operator’s stock valued at $28,007,000 after acquiring an additional 349,295 shares in the last quarter. Finally, Oaktree Capital Management LP purchased a new position in Fiesta Restaurant Group during the third quarter valued at $5,258,000. 94.11% of the stock is owned by institutional investors.

Fiesta Restaurant Group (FRGI) traded up $0.25 on Friday, reaching $20.10. 302,773 shares of the company’s stock traded hands, compared to its average volume of 404,284. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. Fiesta Restaurant Group has a fifty-two week low of $15.50 and a fifty-two week high of $30.65. The company has a market capitalization of $537.68, a P/E ratio of 22.56, a PEG ratio of 1.91 and a beta of 0.76.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.19). The firm had revenue of $158.70 million for the quarter, compared to the consensus estimate of $162.05 million. Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. research analysts expect that Fiesta Restaurant Group will post 0.74 earnings per share for the current year.

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Fiesta Restaurant Group Company Profile

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).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

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