GSA Capital Partners LLP increased its stake in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 116.9% during the 3rd quarter, Holdings Channel reports. The fund owned 91,060 shares of the restaurant operator’s stock after purchasing an additional 49,086 shares during the quarter. GSA Capital Partners LLP’s holdings in Fiesta Restaurant Group were worth $2,436,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position in Fiesta Restaurant Group by 8.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 249,958 shares of the restaurant operator’s stock worth $7,174,000 after acquiring an additional 19,858 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Fiesta Restaurant Group by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,584,019 shares of the restaurant operator’s stock worth $45,462,000 after acquiring an additional 13,840 shares during the last quarter. SG Americas Securities LLC bought a new position in Fiesta Restaurant Group during the 2nd quarter worth approximately $212,000. EAM Investors LLC bought a new position in Fiesta Restaurant Group during the 2nd quarter worth approximately $3,362,000. Finally, Columbus Circle Investors grew its position in Fiesta Restaurant Group by 5.8% during the 3rd quarter. Columbus Circle Investors now owns 325,366 shares of the restaurant operator’s stock worth $8,704,000 after acquiring an additional 17,874 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.
Several equities analysts recently issued reports on FRGI shares. Zacks Investment Research lowered Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Piper Jaffray Companies upgraded Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a research report on Friday, October 5th. BidaskClub lowered Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. Finally, Wedbush restated an “outperform” rating and set a $28.00 price target (down from $36.00) on shares of Fiesta Restaurant Group in a research report on Tuesday, November 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $27.00.
Shares of FRGI stock opened at $18.85 on Friday. The company has a market capitalization of $507.25 million, a PE ratio of 31.42 and a beta of 0.44. Fiesta Restaurant Group Inc has a fifty-two week low of $16.40 and a fifty-two week high of $30.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 0.90.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, November 5th. The restaurant operator reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.08). The business had revenue of $174.65 million during the quarter, compared to the consensus estimate of $173.40 million. Fiesta Restaurant Group had a return on equity of 5.87% and a net margin of 0.73%. Fiesta Restaurant Group’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share. Research analysts forecast that Fiesta Restaurant Group Inc will post 0.64 earnings per share for the current year.
Fiesta Restaurant Group Profile
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 citrus marinated, fire-grilled chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants provide Mexican inspired food made fresh by hand.
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