Brokerages Set Fiesta Restaurant Group Inc (NASDAQ:FRGI) PT at $21.00

Shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) have received an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $21.00.

Several brokerages recently issued reports on FRGI. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. BidaskClub downgraded shares of Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Friday, October 11th. ValuEngine upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Stephens reduced their price target on shares of Fiesta Restaurant Group from $25.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Fiesta Restaurant Group by 3.1% during the 2nd quarter. BlackRock Inc. now owns 3,605,741 shares of the restaurant operator’s stock valued at $47,378,000 after purchasing an additional 110,102 shares during the period. Private Capital Management LLC lifted its position in Fiesta Restaurant Group by 52.4% during the 2nd quarter. Private Capital Management LLC now owns 1,510,790 shares of the restaurant operator’s stock valued at $19,852,000 after purchasing an additional 519,316 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Fiesta Restaurant Group by 35.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 750,558 shares of the restaurant operator’s stock valued at $9,863,000 after purchasing an additional 195,978 shares during the period. Birch Run Capital Advisors LP lifted its position in Fiesta Restaurant Group by 16.6% during the 2nd quarter. Birch Run Capital Advisors LP now owns 435,527 shares of the restaurant operator’s stock valued at $5,723,000 after purchasing an additional 62,000 shares during the period. Finally, Heartland Advisors Inc. lifted its position in Fiesta Restaurant Group by 33.3% during the 2nd quarter. Heartland Advisors Inc. now owns 400,000 shares of the restaurant operator’s stock valued at $5,256,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 94.07% of the company’s stock.

Shares of FRGI traded up $0.06 during trading hours on Monday, hitting $8.65. The stock had a trading volume of 277,730 shares, compared to its average volume of 247,046. The company’s fifty day moving average is $9.66 and its two-hundred day moving average is $11.61. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.52 and a quick ratio of 0.47. Fiesta Restaurant Group has a 52 week low of $8.23 and a 52 week high of $29.00. The stock has a market capitalization of $236.05 million, a price-to-earnings ratio of 14.42 and a beta of -0.05.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The company had revenue of $171.40 million for the quarter, compared to analyst estimates of $172.73 million. Fiesta Restaurant Group had a positive return on equity of 6.32% and a negative net margin of 6.92%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. Equities analysts predict that Fiesta Restaurant Group will post 0.58 EPS for the current fiscal year.

Fiesta Restaurant Group Company Profile

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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