Q1 2020 Earnings Forecast for Fiesta Restaurant Group Inc (FRGI) Issued By Piper Jaffray Companies

Fiesta Restaurant Group Inc (NASDAQ:FRGI) – Equities researchers at Piper Jaffray Companies decreased their Q1 2020 earnings per share estimates for shares of Fiesta Restaurant Group in a research note issued to investors on Tuesday, May 7th, according to Zacks Investment Research. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.19. Piper Jaffray Companies also issued estimates for Fiesta Restaurant Group’s Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.19 EPS and Q4 2020 earnings at $0.19 EPS.

Other equities analysts also recently issued research reports about the company. ValuEngine downgraded Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Stephens dropped their price objective on Fiesta Restaurant Group from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 26th. Finally, BidaskClub raised shares of Fiesta Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.67.

Fiesta Restaurant Group stock traded up $0.18 during trading on Wednesday, hitting $14.18. The stock had a trading volume of 337,109 shares, compared to its average volume of 236,658. Fiesta Restaurant Group has a 1 year low of $12.27 and a 1 year high of $30.88. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.38. The company has a market cap of $375.82 million, a price-to-earnings ratio of 23.63 and a beta of 0.21.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its earnings results on Monday, May 6th. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Fiesta Restaurant Group had a return on equity of 6.55% and a net margin of 0.86%. The business had revenue of $165.85 million during the quarter, compared to analysts’ expectations of $163.15 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Fiesta Restaurant Group’s quarterly revenue was down 2.1% on a year-over-year basis.

In other news, major shareholder Jefferies Financial Group Inc. bought 138,571 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of $13.56 per share, for a total transaction of $1,879,022.76. Following the completion of the acquisition, the insider now owns 3,954,430 shares in the company, valued at approximately $53,622,070.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have acquired 1,484,818 shares of company stock valued at $20,349,039. Company insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lombard Odier Asset Management USA Corp bought a new stake in shares of Fiesta Restaurant Group during the first quarter valued at approximately $194,000. Equitable Trust Co. boosted its holdings in Fiesta Restaurant Group by 7.9% in the first quarter. Equitable Trust Co. now owns 50,670 shares of the restaurant operator’s stock worth $664,000 after purchasing an additional 3,720 shares during the last quarter. Private Capital Management LLC lifted its stake in shares of Fiesta Restaurant Group by 8.0% during the 1st quarter. Private Capital Management LLC now owns 991,474 shares of the restaurant operator’s stock valued at $12,998,000 after buying an additional 73,851 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Fiesta Restaurant Group by 6.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 326,591 shares of the restaurant operator’s stock valued at $4,282,000 after buying an additional 19,214 shares in the last quarter. Finally, Oxford Asset Management LLP lifted its stake in shares of Fiesta Restaurant Group by 64.3% during the 1st quarter. Oxford Asset Management LLP now owns 215,628 shares of the restaurant operator’s stock valued at $2,827,000 after buying an additional 84,392 shares in the last quarter. 93.20% of the stock is owned by institutional investors and hedge funds.

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 fire-grilled and citrus marinated chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants that provide Mexican inspired food made fresh by hand.

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