Fiesta Restaurant Group (FRGI) Hits New 12-Month Low at $12.27

Fiesta Restaurant Group Inc (NASDAQ:FRGI) shares reached a new 52-week low on Monday . The company traded as low as $12.27 and last traded at $12.40, with a volume of 2398 shares trading hands. The stock had previously closed at $12.52.

FRGI has been the subject of several analyst reports. ValuEngine raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Monday, January 7th. BidaskClub raised shares of Fiesta Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Stephens cut their price objective on shares of Fiesta Restaurant Group from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, February 26th. TheStreet downgraded shares of Fiesta Restaurant Group from a “c-” rating to a “d” rating in a report on Monday, February 25th. Finally, Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.

The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $338.00 million, a PE ratio of 20.97 and a beta of 0.23.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, February 25th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. Fiesta Restaurant Group had a net margin of 1.13% and a return on equity of 6.77%. The business had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $168.51 million. Fiesta Restaurant Group’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts expect that Fiesta Restaurant Group Inc will post 0.72 EPS for the current year.

In other news, CEO Richard C. Stockinger bought 3,290 shares of the stock in a transaction on Friday, March 1st. The shares were acquired at an average cost of $15.25 per share, for a total transaction of $50,172.50. Following the purchase, the chief executive officer now directly owns 88,190 shares of the company’s stock, valued at approximately $1,344,897.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FRGI. Deutsche Bank AG raised its position in Fiesta Restaurant Group by 80.4% in the 4th quarter. Deutsche Bank AG now owns 129,911 shares of the restaurant operator’s stock worth $2,012,000 after purchasing an additional 57,915 shares during the period. Norges Bank purchased a new position in Fiesta Restaurant Group in the 4th quarter worth $4,188,000. Equitable Trust Co. raised its position in Fiesta Restaurant Group by 380.8% in the 4th quarter. Equitable Trust Co. now owns 46,950 shares of the restaurant operator’s stock worth $728,000 after purchasing an additional 37,185 shares during the period. Millennium Management LLC raised its position in Fiesta Restaurant Group by 44.5% in the 4th quarter. Millennium Management LLC now owns 402,035 shares of the restaurant operator’s stock worth $6,236,000 after purchasing an additional 123,769 shares during the period. Finally, Macquarie Group Ltd. raised its position in Fiesta Restaurant Group by 440.0% in the 4th quarter. Macquarie Group Ltd. now owns 2,700 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 2,200 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

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Fiesta Restaurant Group Company Profile (NASDAQ:FRGI)

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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