Fiesta Restaurant Group, Inc. (FRGI) Receives $25.60 Consensus Price Target from Analysts

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $25.60.

FRGI has been the subject of several research analyst reports. Wedbush reissued a “buy” rating and issued a $28.00 price objective on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. Stephens downgraded Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective for the company. in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “hold” rating and issued a $25.00 price objective on shares of Fiesta Restaurant Group in a research note on Friday, May 5th. Zacks Investment Research downgraded Fiesta Restaurant Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $25.00 price objective on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th.

Fiesta Restaurant Group (FRGI) traded up 9.941% on Friday, hitting $18.525. 832,464 shares of the stock were exchanged. Fiesta Restaurant Group has a 52 week low of $15.60 and a 52 week high of $30.65. The company’s 50-day moving average is $19.44 and its 200-day moving average is $22.86. The company’s market cap is $496.23 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. The business had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. Fiesta Restaurant Group had a positive return on equity of 12.01% and a negative net margin of 1.16%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. On average, analysts predict that Fiesta Restaurant Group will post $1.08 earnings per share for the current year.

In other news, Director Brian P. Friedman purchased 28,093 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $21.65 per share, with a total value of $608,213.45. Following the purchase, the director now directly owns 32,681 shares of the company’s stock, valued at $707,543.65. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brian P. Friedman purchased 309,115 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were purchased at an average cost of $21.12 per share, with a total value of $6,528,508.80. Following the completion of the purchase, the director now directly owns 36,270 shares in the company, valued at $766,022.40. The disclosure for this purchase can be found here. Insiders have bought a total of 351,595 shares of company stock valued at $7,451,569 over the last ninety days. Company insiders own 2.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Fiesta Restaurant Group by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock worth $110,000 after buying an additional 2,376 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Fiesta Restaurant Group by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock worth $131,000 after buying an additional 310 shares during the period. Mason Street Advisors LLC increased its stake in 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 worth $152,000 after buying an additional 450 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in Fiesta Restaurant Group during the first quarter worth $202,000. Finally, BNP Paribas Arbitrage SA increased its stake in Fiesta Restaurant Group by 61.2% in the second quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock worth $211,000 after buying an additional 3,880 shares during the period. 93.58% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

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