Piper Jaffray Companies Analysts Lower Earnings Estimates for Fiesta Restaurant Group Inc (FRGI)

Fiesta Restaurant Group Inc (NASDAQ:FRGI) – Equities research analysts at Piper Jaffray Companies decreased their FY2018 EPS estimates for shares of Fiesta Restaurant Group in a research note issued on Monday, November 5th. Piper Jaffray Companies analyst N. Regan now expects that the restaurant operator will earn $0.61 per share for the year, down from their previous estimate of $0.71. Piper Jaffray Companies currently has a “Neutral” rating on the stock. Piper Jaffray Companies also issued estimates for Fiesta Restaurant Group’s Q4 2018 earnings at $0.08 EPS.

Several other research analysts also recently commented on FRGI. BidaskClub downgraded Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $28.00 target price (down previously from $36.00) on shares of Fiesta Restaurant Group in a research note on Tuesday. Finally, ValuEngine downgraded Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.00.

Shares of NASDAQ FRGI opened at $20.00 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.90 and a quick ratio of 0.69. The stock has a market cap of $504.52 million, a price-to-earnings ratio of 33.33 and a beta of 0.44. Fiesta Restaurant Group has a 12 month low of $16.00 and a 12 month high of $30.88.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings results on Monday, November 5th. The restaurant operator reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.08). The company had revenue of $174.65 million during the quarter, compared to analyst estimates of $173.40 million. Fiesta Restaurant Group had a net margin of 0.73% and a return on equity of 5.87%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in Fiesta Restaurant Group by 3.6% during the second quarter. BlackRock Inc. now owns 3,611,416 shares of the restaurant operator’s stock worth $103,649,000 after acquiring an additional 124,428 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Fiesta Restaurant Group by 1.7% during the second quarter. Wasatch Advisors Inc. now owns 2,487,253 shares of the restaurant operator’s stock worth $71,384,000 after purchasing an additional 41,833 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Fiesta Restaurant Group by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,584,019 shares of the restaurant operator’s stock worth $45,462,000 after purchasing an additional 13,840 shares during the last quarter. Hood River Capital Management LLC bought a new stake in shares of Fiesta Restaurant Group during the second quarter worth about $20,685,000. Finally, Columbus Circle Investors grew its holdings in shares of Fiesta Restaurant Group by 5.8% during the third quarter. Columbus Circle Investors now owns 325,366 shares of the restaurant operator’s stock worth $8,704,000 after purchasing an additional 17,874 shares during the last quarter.

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 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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Earnings History and Estimates for Fiesta Restaurant Group (NASDAQ:FRGI)

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