Fiesta Restaurant Group Inc (NASDAQ:FRGI) Given Average Rating of “Hold” by Brokerages

Fiesta Restaurant Group Inc (NASDAQ:FRGI) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $26.50.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Icon from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Thursday, May 30th. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th.

NASDAQ FRGI traded down $0.20 during trading on Wednesday, reaching $9.73. 124,384 shares of the company’s stock were exchanged, compared to its average volume of 208,082. The firm’s 50 day simple moving average is $12.27. The firm has a market capitalization of $271.21 million, a PE ratio of 16.22 and a beta of -0.05. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.38. Fiesta Restaurant Group has a fifty-two week low of $9.83 and a fifty-two week high of $30.55.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The business had revenue of $165.85 million for the quarter, compared to analyst estimates of $163.15 million. Fiesta Restaurant Group had a return on equity of 6.55% and a net margin of 0.86%. Fiesta Restaurant Group’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. On average, analysts forecast that Fiesta Restaurant Group will post 0.63 earnings per share for the current year.

In other news, major shareholder Jefferies Financial Group Inc. acquired 3,817 shares of Fiesta Restaurant Group stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $13.90 per share, for a total transaction of $53,056.30. Following the completion of the acquisition, the insider now directly owns 4,427,886 shares in the company, valued at approximately $61,547,615.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have bought 1,588,075 shares of company stock valued at $21,794,537. Corporate insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Kennedy Capital Management Inc. boosted its stake in shares of Fiesta Restaurant Group by 370.5% in the first quarter. Kennedy Capital Management Inc. now owns 432,798 shares of the restaurant operator’s stock valued at $5,674,000 after buying an additional 340,806 shares during the period. Norges Bank bought a new stake in shares of Fiesta Restaurant Group in the fourth quarter valued at approximately $4,188,000. Millennium Management LLC boosted its stake in shares of Fiesta Restaurant Group by 44.5% in 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 period. Two Sigma Advisers LP boosted its stake in shares of Fiesta Restaurant Group by 119.4% in the fourth quarter. Two Sigma Advisers LP now owns 192,758 shares of the restaurant operator’s stock valued at $2,990,000 after buying an additional 104,900 shares during the period. Finally, Martingale Asset Management L P bought a new stake in shares of Fiesta Restaurant Group in the first quarter valued at approximately $1,323,000. Institutional investors own 93.15% of the company’s stock.

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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