Shares of Fiesta Restaurant Group Inc. (NASDAQ:FRGI) have been given a consensus rating of “Hold” by the ten brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.10.

A number of research analysts recently weighed in on the stock. Standpoint Research cut shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Zacks Investment Research cut shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Canaccord Genuity restated a “hold” rating and set a $28.00 target price on shares of Fiesta Restaurant Group in a research note on Tuesday, November 8th. Jefferies Group restated a “hold” rating and set a $23.00 target price (down previously from $27.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $23.00 target price (down previously from $36.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 4th.

A number of hedge funds have recently made changes to their positions in FRGI. Bronfman E.L. Rothschild L.P. increased its stake in shares of Fiesta Restaurant Group by 1.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 10,660 shares of the company’s stock worth $256,000 after buying an additional 179 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Fiesta Restaurant Group by 2.3% in the second quarter. Nationwide Fund Advisors now owns 17,643 shares of the company’s stock worth $385,000 after buying an additional 397 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of Fiesta Restaurant Group by 4.6% in the second quarter. BlackRock Advisors LLC now owns 13,078 shares of the company’s stock worth $285,000 after buying an additional 576 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Fiesta Restaurant Group by 1.1% in the third quarter. California State Teachers Retirement System now owns 56,426 shares of the company’s stock worth $1,354,000 after buying an additional 600 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Fiesta Restaurant Group by 3.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 17,047 shares of the company’s stock worth $372,000 after buying an additional 629 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

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Shares of Fiesta Restaurant Group (NASDAQ:FRGI) opened at 29.40 on Wednesday. The firm’s 50-day moving average is $27.07 and its 200 day moving average is $24.85. Fiesta Restaurant Group has a 52-week low of $20.15 and a 52-week high of $38.80. The stock has a market capitalization of $786.33 million, a price-to-earnings ratio of 34.19 and a beta of 1.12.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $182.26 million for the quarter, compared to analysts’ expectations of $183.92 million. Fiesta Restaurant Group had a return on equity of 14.66% and a net margin of 3.21%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. Equities analysts expect that Fiesta Restaurant Group will post $1.29 EPS for the current year.

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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