Fiesta Restaurant Group Inc (NASDAQ:FRGI) – Analysts at Wedbush reduced their FY2018 earnings estimates for shares of Fiesta Restaurant Group in a research note issued to investors on Tuesday, November 6th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.61 for the year, down from their previous estimate of $0.77. Wedbush has a “Outperform” rating and a $28.00 price target on the stock. Wedbush also issued estimates for Fiesta Restaurant Group’s Q2 2019 earnings at $0.35 EPS and FY2019 earnings at $0.79 EPS.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, November 5th. The restaurant operator reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.08). Fiesta Restaurant Group had a return on equity of 5.87% and a net margin of 0.73%. The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $173.40 million. During the same period in the prior year, the firm posted $0.06 EPS. Fiesta Restaurant Group’s revenue for the quarter was up 10.1% on a year-over-year basis.
NASDAQ FRGI opened at $20.00 on Friday. Fiesta Restaurant Group has a twelve month low of $16.00 and a twelve month high of $30.88. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 0.29. The stock has a market cap of $504.52 million, a P/E ratio of 33.33 and a beta of 0.44.
Institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. acquired a new position in Fiesta Restaurant Group in the 3rd quarter valued at approximately $136,000. Piedmont Investment Advisors LLC acquired a new position in Fiesta Restaurant Group in the 2nd quarter valued at approximately $181,000. Engineers Gate Manager LP acquired a new position in Fiesta Restaurant Group in the 2nd quarter valued at approximately $200,000. SG Americas Securities LLC acquired a new position in Fiesta Restaurant Group in the 2nd quarter valued at approximately $212,000. Finally, Wedbush Securities Inc. acquired a new position in Fiesta Restaurant Group in the 2nd quarter valued at approximately $279,000.
About Fiesta Restaurant Group
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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