Fiesta Restaurant Group (FRGI) Given Daily Coverage Optimism Score of 0.07

News articles about Fiesta Restaurant Group (NASDAQ:FRGI) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fiesta Restaurant Group earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the restaurant operator an impact score of 46.1875965378357 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of research firms have commented on FRGI. Wedbush reiterated an “outperform” rating and issued a $24.00 price target (up previously from $19.00) on shares of Fiesta Restaurant Group in a research report on Friday, December 8th. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Fiesta Restaurant Group has an average rating of “Hold” and a consensus target price of $22.60.

Fiesta Restaurant Group (NASDAQ:FRGI) traded down $0.20 during midday trading on Friday, hitting $19.35. The company’s stock had a trading volume of 117,316 shares, compared to its average volume of 204,257. Fiesta Restaurant Group has a 1 year low of $15.50 and a 1 year high of $29.00. The company has a market cap of $524.13, a price-to-earnings ratio of -22.50, a PEG ratio of 1.95 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.49.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The company had revenue of $158.70 million during the quarter, compared to the consensus estimate of $162.05 million. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was down 12.9% on a year-over-year basis. analysts forecast that Fiesta Restaurant Group will post 0.73 earnings per share for the current year.

In other Fiesta Restaurant Group news, 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 price of $18.73 per share, for a total transaction of $29,312.45. Following the transaction, the insider now directly owns 1,565 shares in the company, valued at $29,312.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

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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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