Arizona State Retirement System increased its stake in Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,000 shares of the restaurant operator’s stock after buying an additional 200 shares during the period. Arizona State Retirement System owned 0.05% of Fiesta Restaurant Group worth $339,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in FRGI. Macquarie Group Ltd. boosted its position in shares of Fiesta Restaurant Group by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 608,159 shares of the restaurant operator’s stock worth $18,154,000 after buying an additional 42,396 shares during the last quarter. Comerica Bank boosted its position in shares of Fiesta Restaurant Group by 3.0% in the fourth quarter. Comerica Bank now owns 28,540 shares of the restaurant operator’s stock worth $789,000 after buying an additional 824 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in Fiesta Restaurant Group during the first quarter valued at approximately $202,000. Ameriprise Financial Inc. raised its position in Fiesta Restaurant Group by 4.2% in the first quarter. Ameriprise Financial Inc. now owns 141,566 shares of the restaurant operator’s stock valued at $3,426,000 after buying an additional 5,711 shares during the period. Finally, Guggenheim Capital LLC bought a new position in Fiesta Restaurant Group during the fourth quarter valued at approximately $225,000. 94.05% of the stock is owned by institutional investors.
Fiesta Restaurant Group, Inc. (NASDAQ FRGI) traded down 0.29% on Friday, hitting $17.30. The company’s stock had a trading volume of 251,310 shares. Fiesta Restaurant Group, Inc. has a 1-year low of $16.85 and a 1-year high of $30.65. The company’s market capitalization is $463.42 million. The company has a 50 day moving average price of $19.69 and a 200-day moving average price of $23.08.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, May 8th. The restaurant operator reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $175.60 million for 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%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 EPS. On average, equities analysts forecast that Fiesta Restaurant Group, Inc. will post $1.08 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 target price on shares of Fiesta Restaurant Group in a research report on Friday, May 5th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. BidaskClub lowered Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Stephens lowered Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective for the company. in a report on Tuesday, May 9th. Finally, Wedbush restated a “buy” rating and issued a $28.00 target price on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Fiesta Restaurant Group currently has a consensus rating of “Hold” and an average price target of $26.17.
In related news, Director Brian P. Friedman acquired 12,087 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was acquired at an average price of $22.02 per share, for a total transaction of $266,155.74. Following the completion of the acquisition, the director now owns 32,681 shares of the company’s stock, valued at approximately $719,635.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian P. Friedman acquired 28,093 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $21.65 per share, with a total value of $608,213.45. Following the acquisition, the director now directly 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 quarter, insiders bought 351,595 shares of company stock valued at $7,451,569. 2.20% of the stock is currently owned by corporate insiders.
About Fiesta Restaurant Group
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).
Receive News & Ratings for Fiesta Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.