Fiesta Restaurant Group, Inc. (FRGI) Director Stephen P. Elker Buys 1,000 Shares

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Stephen P. Elker bought 1,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was purchased at an average price of $17.48 per share, for a total transaction of $17,480.00. Following the completion of the acquisition, the director now owns 18,851 shares of the company’s stock, valued at approximately $329,515.48. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ FRGI) traded down 3.017% during midday trading on Thursday, hitting $16.875. 179,595 shares of the stock traded hands. The stock’s market capitalization is $452.84 million. Fiesta Restaurant Group, Inc. has a 52 week low of $15.50 and a 52 week high of $30.65. The firm has a 50-day moving average price of $17.55 and a 200-day moving average price of $20.86.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, August 7th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The company had revenue of $172.62 million for the quarter, compared to analyst estimates of $178.19 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The firm’s revenue was down 4.9% on a year-over-year basis. On average, equities analysts predict that Fiesta Restaurant Group, Inc. will post $1.02 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in FRGI. Teachers Advisors LLC lifted its position in shares of Fiesta Restaurant Group by 17.1% during the 4th quarter. Teachers Advisors LLC now owns 56,436 shares of the restaurant operator’s stock valued at $1,685,000 after acquiring an additional 8,239 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Fiesta Restaurant Group by 1.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock valued at $266,000 after acquiring an additional 200 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Fiesta Restaurant Group by 10.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 38,070 shares of the restaurant operator’s stock valued at $919,000 after acquiring an additional 3,612 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Fiesta Restaurant Group by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 322,699 shares of the restaurant operator’s stock valued at $7,809,000 after acquiring an additional 8,258 shares during the period. Finally, Comerica Bank lifted its position in shares of Fiesta Restaurant Group by 4.2% during the 1st quarter. Comerica Bank now owns 29,735 shares of the restaurant operator’s stock valued at $743,000 after acquiring an additional 1,195 shares during the period. Institutional investors own 94.09% of the company’s stock.

Several equities research analysts have weighed in on FRGI shares. BidaskClub lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $17.00 target price (down from $22.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. Finally, TheStreet downgraded shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research report on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.33.

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).

Insider Buying and Selling by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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