Courage Capital Management LLC Maintains Stake in Fiesta Restaurant Group, Inc. (FRGI)

Courage Capital Management LLC continued to hold its position in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) during the first quarter, Holdings Channel reports. The fund owned 280,400 shares of the restaurant operator’s stock at the end of the first quarter. Fiesta Restaurant Group comprises approximately 5.6% of Courage Capital Management LLC’s portfolio, making the stock its 4th largest position. Courage Capital Management LLC owned 1.05% of Fiesta Restaurant Group worth $6,786,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mason Street Advisors LLC raised its stake in shares of Fiesta Restaurant Group by 7.7% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 450 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of Fiesta Restaurant Group during the first quarter valued at $202,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Fiesta Restaurant Group by 6.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 9,220 shares of the restaurant operator’s stock valued at $223,000 after buying an additional 560 shares in the last quarter. Guggenheim Capital LLC bought a new stake in shares of Fiesta Restaurant Group during the fourth quarter valued at $225,000. Finally, Edge Wealth Management LLC bought a new stake in shares of Fiesta Restaurant Group during the first quarter valued at $242,000. Hedge funds and other institutional investors own 98.64% of the company’s stock.

Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

Shares of Fiesta Restaurant Group, Inc. (NASDAQ FRGI) traded down 0.47% on Friday, hitting $21.10. The stock had a trading volume of 389,329 shares. Fiesta Restaurant Group, Inc. has a 52 week low of $19.40 and a 52 week high of $30.65. The company’s market cap is $565.21 million. The firm has a 50 day moving average price of $22.74 and a 200-day moving average price of $25.21.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, May 8th. The restaurant operator reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $175.60 million during the quarter, compared to analyst estimates of $177.63 million. Fiesta Restaurant Group had a positive return on equity of 12.01% and a negative net margin of 1.16%. Fiesta Restaurant Group’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. Analysts anticipate that Fiesta Restaurant Group, Inc. will post $1.14 EPS for the current year.

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FRGI has been the topic of several analyst reports. Zacks Investment Research raised Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, May 2nd. Wedbush reaffirmed a “buy” rating and issued a $28.00 target price on shares of Fiesta Restaurant Group in a research report on Tuesday, May 9th. Canaccord Genuity reaffirmed a “hold” rating and issued a $25.00 target price on shares of Fiesta Restaurant Group in a research report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $25.00 target price on shares of Fiesta Restaurant Group in a research report on Friday, May 5th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Tuesday, February 28th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $27.57.

In other Fiesta Restaurant Group news, Director Brian P. Friedman acquired 12,087 shares of Fiesta Restaurant Group stock in a transaction on Wednesday, May 10th. The shares were bought at an average price of $22.02 per share, with a total value of $266,155.74. Following the completion of the purchase, the director now owns 32,681 shares in the company, valued at $719,635.62. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian P. Friedman acquired 28,093 shares of Fiesta Restaurant Group stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $21.65 per share, for a total transaction of $608,213.45. Following the purchase, the director now owns 32,681 shares of the company’s stock, valued at approximately $707,543.65. The disclosure for this purchase can be found here. In the last three months, insiders acquired 351,595 shares of company stock worth $7,451,569. Insiders own 2.20% of the company’s stock.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

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