$164.45 Million in Sales Expected for Fiesta Restaurant Group Inc (NASDAQ:FRGI) This Quarter

Brokerages expect Fiesta Restaurant Group Inc (NASDAQ:FRGI) to announce sales of $164.45 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Fiesta Restaurant Group’s earnings, with the lowest sales estimate coming in at $160.40 million and the highest estimate coming in at $168.50 million. Fiesta Restaurant Group posted sales of $174.65 million in the same quarter last year, which would indicate a negative year over year growth rate of 5.8%. The company is scheduled to issue its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that Fiesta Restaurant Group will report full-year sales of $668.77 million for the current fiscal year, with estimates ranging from $667.40 million to $670.14 million. For the next financial year, analysts forecast that the business will report sales of $689.87 million, with estimates ranging from $688.40 million to $691.34 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Fiesta Restaurant Group.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $171.40 million during the quarter, compared to analysts’ expectations of $172.73 million. Fiesta Restaurant Group had a negative net margin of 6.92% and a positive return on equity of 6.32%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share.

FRGI has been the subject of several research analyst reports. Zacks Investment Research lowered Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Stephens decreased their target price on Fiesta Restaurant Group from $25.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. ValuEngine raised Fiesta Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, BidaskClub raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Wednesday. 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. Fiesta Restaurant Group presently has a consensus rating of “Hold” and a consensus price target of $19.00.

NASDAQ FRGI traded up $0.17 on Thursday, reaching $10.44. The company had a trading volume of 202,100 shares, compared to its average volume of 318,062. The stock has a market capitalization of $282.19 million, a P/E ratio of 17.40 and a beta of -0.07. The company’s fifty day moving average is $11.17 and its 200 day moving average is $13.10. Fiesta Restaurant Group has a 52-week low of $8.75 and a 52-week high of $30.35. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.55.

In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. bought 18,917 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average cost of $13.96 per share, with a total value of $264,081.32. Following the transaction, the insider now directly owns 4,427,886 shares in the company, valued at approximately $61,813,288.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 880,452 shares of company stock valued at $12,127,611. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Fiesta Restaurant Group by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 190,310 shares of the restaurant operator’s stock worth $2,952,000 after acquiring an additional 976 shares during the period. Bank of Montreal Can grew its stake in shares of Fiesta Restaurant Group by 135.0% during the 2nd quarter. Bank of Montreal Can now owns 2,237 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 1,285 shares during the period. Macquarie Group Ltd. grew its stake in shares of Fiesta Restaurant Group by 440.0% during the 4th quarter. Macquarie Group Ltd. now owns 2,700 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 2,200 shares during the period. Laurion Capital Management LP grew its stake in shares of Fiesta Restaurant Group by 14.9% during the 1st quarter. Laurion Capital Management LP now owns 20,798 shares of the restaurant operator’s stock worth $273,000 after acquiring an additional 2,692 shares during the period. Finally, Glassman Wealth Services bought a new position in shares of Fiesta Restaurant Group during the 2nd quarter worth $37,000. Institutional investors own 93.86% 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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Earnings History and Estimates for Fiesta Restaurant Group (NASDAQ:FRGI)

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