Fiesta Restaurant Group (NASDAQ:FRGI) Downgraded to Hold at ValuEngine

ValuEngine lowered shares of Fiesta Restaurant Group (NASDAQ:FRGI) from a buy rating to a hold rating in a research note issued to investors on Tuesday, ValuEngine reports.

Several other brokerages also recently issued reports on FRGI. Stephens cut their target price on shares of Fiesta Restaurant Group from $25.00 to $14.00 and set an overweight rating for the company in a research note on Thursday, August 8th. BidaskClub raised Fiesta Restaurant Group from a sell rating to a hold rating in a research report on Tuesday, November 26th. Finally, Zacks Investment Research lowered Fiesta Restaurant Group from a hold rating to a sell rating in a research note on Saturday, August 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $14.50.

Shares of FRGI stock opened at $9.82 on Tuesday. The stock has a market cap of $272.02 million, a P/E ratio of 22.00 and a beta of -0.06. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.51 and a quick ratio of 0.46. The company has a fifty day moving average price of $9.20 and a two-hundred day moving average price of $10.82. Fiesta Restaurant Group has a one year low of $8.23 and a one year high of $19.56.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.08). The firm had revenue of $164.20 million during the quarter, compared to the consensus estimate of $164.39 million. Fiesta Restaurant Group had a negative net margin of 10.65% and a positive return on equity of 5.52%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. As a group, equities research analysts anticipate that Fiesta Restaurant Group will post 0.45 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co NY lifted its stake in shares of Fiesta Restaurant Group by 17.9% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,795 shares of the restaurant operator’s stock worth $71,000 after buying an additional 1,032 shares during the last quarter. Millennium Management LLC raised its holdings in Fiesta Restaurant Group by 122.3% in the 3rd quarter. Millennium Management LLC now owns 365,786 shares of the restaurant operator’s stock valued at $3,811,000 after acquiring an additional 201,253 shares during the period. Private Capital Management LLC raised its holdings in Fiesta Restaurant Group by 33.4% in the 3rd quarter. Private Capital Management LLC now owns 2,015,935 shares of the restaurant operator’s stock valued at $21,006,000 after acquiring an additional 505,145 shares during the period. Public Employees Retirement System of Ohio lifted its position in Fiesta Restaurant Group by 508.4% during the third quarter. Public Employees Retirement System of Ohio now owns 35,227 shares of the restaurant operator’s stock worth $367,000 after acquiring an additional 29,437 shares during the last quarter. Finally, Equitable Trust Co. lifted its position in Fiesta Restaurant Group by 23.3% during the third quarter. Equitable Trust Co. now owns 96,422 shares of the restaurant operator’s stock worth $1,005,000 after acquiring an additional 18,205 shares during the last quarter. 94.88% of the stock is currently owned by institutional investors.

Fiesta Restaurant Group Company 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 fire-grilled and citrus marinated chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants that provide Mexican inspired food made fresh by hand.

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