Standpoint Research cut shares of Fiesta Restaurant Group Inc. (NASDAQ:FRGI) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Several other equities analysts have also weighed in on FRGI. Jefferies Group restated a hold rating and set a $23.00 target price (down from $27.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 4th. Zacks Investment Research lowered Fiesta Restaurant Group from a hold rating to a sell rating in a report on Wednesday, November 9th. Piper Jaffray Cos. restated an overweight rating and set a $23.00 target price (down from $36.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 4th. Canaccord Genuity restated a hold rating and set a $28.00 target price on shares of Fiesta Restaurant Group in a report on Tuesday, November 8th. Finally, Wedbush restated an outperform rating and set a $32.00 target price on shares of Fiesta Restaurant Group in a report on Saturday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Fiesta Restaurant Group has an average rating of Hold and a consensus target price of $30.25.

Fiesta Restaurant Group (NASDAQ:FRGI) opened at 28.90 on Tuesday. Fiesta Restaurant Group has a 12-month low of $20.15 and a 12-month high of $38.80. The company has a market cap of $772.96 million, a P/E ratio of 33.60 and a beta of 1.12. The firm’s 50-day moving average price is $26.27 and its 200-day moving average price is $25.03.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $182.26 million for the quarter, compared to analyst estimates of $183.92 million. Fiesta Restaurant Group had a net margin of 3.21% and a return on equity of 14.66%. Fiesta Restaurant Group’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Analysts expect that Fiesta Restaurant Group will post $1.29 EPS for the current year.

In other Fiesta Restaurant Group news, insider John Alan Todd, Jr. sold 2,178 shares of Fiesta Restaurant Group stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $23.41, for a total transaction of $50,986.98. Following the sale, the insider now directly owns 16,120 shares of the company’s stock, valued at $377,369.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its position in shares of Fiesta Restaurant Group by 249.9% in the third quarter. BNP Paribas Arbitrage SA now owns 4,325 shares of the company’s stock valued at $104,000 after buying an additional 3,089 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Fiesta Restaurant Group during the third quarter valued at approximately $151,000. Quantbot Technologies LP acquired a new position in shares of Fiesta Restaurant Group during the second quarter valued at approximately $181,000. SG Americas Securities LLC acquired a new position in shares of Fiesta Restaurant Group during the third quarter valued at approximately $188,000. Finally, Stephens Inc. AR acquired a new position in shares of Fiesta Restaurant Group during the third quarter valued at approximately $205,000. 99.16% of the stock is currently owned by 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.

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