Fiesta Restaurant Group Inc (NASDAQ:FRGI)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group LLC in a research report issued on Friday, May 5th. They presently have a $25.00 price target on the restaurant operator’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 10.62% from the stock’s current price.
Several other research firms have also recently weighed in on FRGI. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Tuesday, May 2nd. Wedbush reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Fiesta Restaurant Group in a report on Saturday, January 7th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a report on Tuesday, February 28th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.57.
Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded up 2.43% on Friday, hitting $23.15. The stock had a trading volume of 105,859 shares. Fiesta Restaurant Group has a 52 week low of $19.40 and a 52 week high of $30.65. The firm has a 50 day moving average price of $23.68 and a 200-day moving average price of $25.97. The company’s market cap is $620.12 million.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, May 8th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.05. The company had revenue of $175.60 million for the quarter, compared to analysts’ expectations of $177.63 million. Fiesta Restaurant Group had a return on equity of 14.66% and a net margin of 3.21%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Analysts anticipate that Fiesta Restaurant Group will post $1.14 EPS for the current year.
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In other Fiesta Restaurant Group news, Director Paul E. Twohig purchased 5,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was acquired at an average cost of $21.61 per share, for a total transaction of $108,050.00. Following the completion of the transaction, the director now directly owns 7,820 shares in the company, valued at approximately $168,990.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian P. Friedman purchased 12,087 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were acquired at an average price of $22.02 per share, with a total value of $266,155.74. Following the completion of the transaction, the director now owns 32,681 shares of the company’s stock, valued at $719,635.62. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,031,032 shares of company stock worth $21,166,665. 2.20% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Point72 Europe London LLP acquired a new stake in Fiesta Restaurant Group during the first quarter valued at about $5,830,000. Engine Capital Management LLC acquired a new stake in Fiesta Restaurant Group during the first quarter valued at about $617,000. Western Standard LLC raised its stake in Fiesta Restaurant Group by 54.6% in the first quarter. Western Standard LLC now owns 76,788 shares of the restaurant operator’s stock valued at $1,858,000 after buying an additional 27,126 shares during the last quarter. State Street Corp raised its stake in Fiesta Restaurant Group by 3.2% in the first quarter. State Street Corp now owns 590,451 shares of the restaurant operator’s stock valued at $14,289,000 after buying an additional 18,551 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Fiesta Restaurant Group by 51.6% in the first quarter. Bank of America Corp DE now owns 66,033 shares of the restaurant operator’s stock valued at $1,598,000 after buying an additional 22,476 shares during the last quarter. Institutional investors and hedge funds own 94.56% 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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