Jefferies Financial Group Inc. Purchases 138,571 Shares of Fiesta Restaurant Group Inc (FRGI) Stock

Fiesta Restaurant Group Inc (NASDAQ:FRGI) major shareholder Jefferies Financial Group Inc. acquired 138,571 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $13.56 per share, for a total transaction of $1,879,022.76. Following the acquisition, the insider now owns 3,954,430 shares of the company’s stock, valued at approximately $53,622,070.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Jefferies Financial Group Inc. also recently made the following trade(s):

  • On Thursday, May 9th, Jefferies Financial Group Inc. acquired 167,809 shares of Fiesta Restaurant Group stock. The stock was acquired at an average cost of $13.03 per share, for a total transaction of $2,186,551.27.

NASDAQ FRGI opened at $13.95 on Thursday. Fiesta Restaurant Group Inc has a 12 month low of $12.27 and a 12 month high of $30.88. The company has a market cap of $373.63 million, a price-to-earnings ratio of 23.25 and a beta of 0.21. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.38.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, May 6th. The restaurant operator reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Fiesta Restaurant Group had a return on equity of 6.55% and a net margin of 0.86%. The firm had revenue of $165.85 million for the quarter, compared to the consensus estimate of $163.15 million. During the same quarter in the previous year, the business posted $0.16 EPS. Fiesta Restaurant Group’s revenue was down 2.1% on a year-over-year basis. As a group, analysts expect that Fiesta Restaurant Group Inc will post 0.65 earnings per share for the current year.

FRGI has been the topic of a number of research reports. BidaskClub downgraded shares of Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Thursday, January 24th. ValuEngine cut shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Finally, Stephens decreased their target price on shares of Fiesta Restaurant Group from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.67.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in Fiesta Restaurant Group during the 3rd quarter worth approximately $539,000. Quantamental Technologies LLC bought a new stake in shares of Fiesta Restaurant Group during the fourth quarter valued at approximately $67,000. Millennium Management LLC raised its position in shares of Fiesta Restaurant Group by 44.5% during the fourth quarter. Millennium Management LLC now owns 402,035 shares of the restaurant operator’s stock valued at $6,236,000 after buying an additional 123,769 shares during the last quarter. Arizona State Retirement System raised its position in shares of Fiesta Restaurant Group by 6.1% during the fourth quarter. Arizona State Retirement System now owns 36,099 shares of the restaurant operator’s stock valued at $560,000 after buying an additional 2,083 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Fiesta Restaurant Group by 5.5% during the fourth quarter. Bank of New York Mellon Corp now owns 279,229 shares of the restaurant operator’s stock valued at $4,330,000 after buying an additional 14,545 shares during the last quarter. Institutional investors own 96.61% of the company’s stock.

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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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