Analysts predict that Fiesta Restaurant Group Inc (NASDAQ:FRGI) will announce earnings of $0.08 per share for the current quarter, according to Zacks. Three analysts have made estimates for Fiesta Restaurant Group’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.06. The business is scheduled to announce its next earnings results on Monday, February 25th.
According to Zacks, analysts expect that Fiesta Restaurant Group will report full year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.58 to $0.61. For the next financial year, analysts expect that the business will report earnings of $0.83 per share, with EPS estimates ranging from $0.79 to $0.85. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Fiesta Restaurant Group.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, November 5th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.08). Fiesta Restaurant Group had a net margin of 0.73% and a return on equity of 5.87%. The firm had revenue of $174.65 million during the quarter, compared to analyst estimates of $173.40 million. During the same period in the previous year, the company earned $0.06 earnings per share. Fiesta Restaurant Group’s revenue was up 10.1% on a year-over-year basis.
NASDAQ FRGI opened at $18.42 on Monday. 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 has a 1 year low of $16.40 and a 1 year high of $30.88. The firm has a market capitalization of $522.24 million, a P/E ratio of 30.70 and a beta of 0.31.
In related news, major shareholder Jefferies Financial Group Inc. purchased 262,710 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were bought at an average cost of $19.33 per share, with a total value of $5,078,184.30. Following the transaction, the insider now owns 3,533,288 shares of the company’s stock, valued at $68,298,457.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc grew its position in Fiesta Restaurant Group by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 60,878 shares of the restaurant operator’s stock worth $1,754,000 after purchasing an additional 2,478 shares during the period. New York State Teachers Retirement System grew its position in Fiesta Restaurant Group by 16.6% during the 2nd quarter. New York State Teachers Retirement System now owns 18,277 shares of the restaurant operator’s stock worth $525,000 after purchasing an additional 2,600 shares during the period. First Mercantile Trust Co. grew its position in Fiesta Restaurant Group by 23.6% during the 3rd quarter. First Mercantile Trust Co. now owns 18,354 shares of the restaurant operator’s stock worth $491,000 after purchasing an additional 3,504 shares during the period. Principal Financial Group Inc. grew its position in Fiesta Restaurant Group by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 207,442 shares of the restaurant operator’s stock worth $3,838,000 after purchasing an additional 4,922 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Fiesta Restaurant Group during the 3rd quarter worth about $136,000. 96.49% 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 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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