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.
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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