Fiesta Restaurant Group Inc. (NASDAQ:FRGI)‘s stock had its “outperform” rating reaffirmed by analysts at Wedbush in a research note issued on Saturday. They presently have a $32.00 price target on the stock. Wedbush’s price target suggests a potential upside of 19.05% from the stock’s current price.

A number of other equities research analysts also recently weighed in on FRGI. Jefferies Group downgraded Fiesta Restaurant Group from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a report on Tuesday, July 26th. Piper Jaffray Cos. reissued an “overweight” rating and set a $23.00 target price (down previously from $36.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 4th. Standpoint Research assumed coverage on Fiesta Restaurant Group in a report on Thursday, July 7th. They set a “buy” rating and a $36.00 target price for the company. Zacks Investment Research raised Fiesta Restaurant Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Canaccord Genuity assumed coverage on Fiesta Restaurant Group in a report on Monday, August 22nd. They set a “hold” rating and a $25.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $35.19.

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded up 5.83% on Friday, reaching $26.88. 3,136,128 shares of the company traded hands. The firm’s 50 day moving average is $25.20 and its 200 day moving average is $26.24. The company has a market capitalization of $717.35 million, a P/E ratio of 20.27 and a beta of 1.20. Fiesta Restaurant Group has a one year low of $20.15 and a one year high of $42.51.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.06. Fiesta Restaurant Group had a net margin of 5.01% and a return on equity of 15.37%. The business had revenue of $181.50 million for the quarter, compared to analyst estimates of $183.55 million. During the same period in the prior year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts expect that Fiesta Restaurant Group will post $1.32 earnings per share for the current fiscal year.

In other Fiesta Restaurant Group news, insider John Alan Todd, Jr. sold 2,178 shares of Fiesta Restaurant Group stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $23.41, for a total value of $50,986.98. Following the transaction, the insider now owns 16,120 shares in the company, valued at $377,369.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Fiesta Restaurant Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 1,896,820 shares of the company’s stock worth $41,370,000 after buying an additional 33,207 shares in the last quarter. William Blair Investment Management LLC boosted its position in Fiesta Restaurant Group by 296.8% in the second quarter. William Blair Investment Management LLC now owns 1,565,512 shares of the company’s stock worth $34,144,000 after buying an additional 1,170,977 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Fiesta Restaurant Group by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 907,117 shares of the company’s stock worth $19,784,000 after buying an additional 66,377 shares in the last quarter. Penn Capital Management Co. Inc. boosted its position in Fiesta Restaurant Group by 0.5% in the second quarter. Penn Capital Management Co. Inc. now owns 780,868 shares of the company’s stock worth $17,110,000 after buying an additional 3,818 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Fiesta Restaurant Group by 3.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 685,483 shares of the company’s stock worth $14,950,000 after buying an additional 25,092 shares in the last quarter. Hedge funds and other institutional investors own 96.72% of the company’s stock.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc (Fiesta) owns, operates and franchises approximately two fast-casual restaurant brands, Pollo Tropical and Taco Cabana. The Company operates through the Pollo Tropical and Taco Cabana segments. Its Pollo Tropical is a fast-casual restaurant brand offering a range of Caribbean food.

5 Day Chart for NASDAQ:FRGI

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