Fiesta Restaurant Group Inc. (NASDAQ:FRGI)‘s stock had its “hold” rating reaffirmed by investment analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They currently have a $28.00 price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 5.07% from the company’s previous close.

Several other equities analysts have also recently commented on FRGI. Jefferies Group cut shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Tuesday, July 26th. Zacks Investment Research cut shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Wedbush reaffirmed an “outperform” rating and issued a $32.00 price objective (down previously from $47.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. cut shares of Fiesta Restaurant Group from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $23.00 to $25.00 in a research note on Monday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $30.25.

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

Shares of Fiesta Restaurant Group (NASDAQ:FRGI) opened at 26.65 on Tuesday. The company has a market cap of $711.21 million, a PE ratio of 20.10 and a beta of 1.12. Fiesta Restaurant Group has a 52-week low of $20.15 and a 52-week high of $38.80. The stock’s 50 day moving average is $25.82 and its 200 day moving average is $25.19.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, November 7th. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.01. The firm earned $182.26 million during the quarter, compared to analysts’ expectations of $183.92 million. Fiesta Restaurant Group had a net margin of 3.21% and a return on equity of 14.75%. Fiesta Restaurant Group’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Equities analysts forecast that Fiesta Restaurant Group will post $1.32 EPS for the current year.

In other news, insider John Alan Todd, Jr. sold 2,178 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $23.41, for a total value of $50,986.98. Following the sale, the insider now directly owns 16,120 shares of the company’s stock, valued at approximately $377,369.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in FRGI. Wasatch Advisors Inc. increased its stake in Fiesta Restaurant Group by 16.3% in the third quarter. Wasatch Advisors Inc. now owns 3,260,738 shares of the company’s stock worth $78,258,000 after buying an additional 456,745 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Fiesta Restaurant Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 1,896,820 shares of the company’s stock valued at $41,370,000 after buying an additional 33,207 shares during the period. BlackRock Fund Advisors increased its stake in shares of Fiesta Restaurant Group by 194.6% in the third quarter. BlackRock Fund Advisors now owns 1,855,944 shares of the company’s stock valued at $44,543,000 after buying an additional 1,226,002 shares during the period. William Blair Investment Management LLC increased its stake in shares of 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 valued at $34,144,000 after buying an additional 1,170,977 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Fiesta Restaurant Group by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 907,117 shares of the company’s stock valued at $19,784,000 after buying an additional 66,377 shares during the period. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

About Fiesta Restaurant Group

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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