Fiesta Restaurant Group Inc (NASDAQ:FRGI) hit a new 52-week high on Monday . The company traded as high as $30.15 and last traded at $30.05, with a volume of 2235 shares changing hands. The stock had previously closed at $30.00.
A number of brokerages have weighed in on FRGI. ValuEngine raised Fiesta Restaurant Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Wedbush lifted their target price on Fiesta Restaurant Group from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, July 2nd. Zacks Investment Research raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. BidaskClub raised Fiesta Restaurant Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Stephens raised Fiesta Restaurant Group from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Tuesday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $25.00.
Get Fiesta Restaurant Group alerts:The stock has a market capitalization of $818.93 million, a P/E ratio of 50.08 and a beta of 0.45. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.35.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings results on Monday, May 7th. The restaurant operator reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $169.48 million during the quarter, compared to the consensus estimate of $163.86 million. Fiesta Restaurant Group had a positive return on equity of 5.87% and a negative net margin of 2.56%. The company’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. equities analysts anticipate that Fiesta Restaurant Group Inc will post 0.7 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Fiesta Restaurant Group by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 207,442 shares of the restaurant operator’s stock worth $3,838,000 after acquiring an additional 4,922 shares in the last quarter. Legal & General Group Plc grew its stake in Fiesta Restaurant Group by 14.1% during the 1st quarter. Legal & General Group Plc now owns 58,400 shares of the restaurant operator’s stock worth $1,073,000 after buying an additional 7,228 shares during the last quarter. Barclays PLC grew its stake in Fiesta Restaurant Group by 92.7% during the 1st quarter. Barclays PLC now owns 8,063 shares of the restaurant operator’s stock worth $149,000 after buying an additional 3,879 shares during the last quarter. Oaktree Capital Management LP grew its stake in Fiesta Restaurant Group by 39.5% during the 1st quarter. Oaktree Capital Management LP now owns 1,325,000 shares of the restaurant operator’s stock worth $24,512,000 after buying an additional 375,000 shares during the last quarter. Finally, 22NW LP grew its stake in Fiesta Restaurant Group by 191.4% during the 1st quarter. 22NW LP now owns 179,972 shares of the restaurant operator’s stock worth $3,329,000 after buying an additional 118,208 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.
About Fiesta Restaurant Group
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 citrus marinated, fire-grilled chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants provide Mexican inspired food made fresh by hand.
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