Chartwell Investment Partners LLC increased its position in Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 175,522 shares of the restaurant operator’s stock after buying an additional 64 shares during the period. Chartwell Investment Partners LLC owned approximately 0.66% of Fiesta Restaurant Group worth $3,625,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. KBC Group NV acquired a new stake in Fiesta Restaurant Group during the second quarter valued at $452,000. BNP Paribas Arbitrage SA boosted its stake in Fiesta Restaurant Group by 61.2% in the second quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 3,880 shares during the last quarter. Legal & General Group Plc boosted its stake in Fiesta Restaurant Group by 9.1% in the second quarter. Legal & General Group Plc now owns 51,195 shares of the restaurant operator’s stock valued at $1,057,000 after buying an additional 4,285 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Fiesta Restaurant Group by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 328,945 shares of the restaurant operator’s stock valued at $6,793,000 after buying an additional 6,246 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Fiesta Restaurant Group by 211.2% in the second quarter. SG Americas Securities LLC now owns 18,608 shares of the restaurant operator’s stock valued at $384,000 after buying an additional 12,628 shares during the last quarter. 91.67% of the stock is currently owned by institutional investors and hedge funds.

Fiesta Restaurant Group, Inc. (FRGI) opened at 17.80 on Monday. Fiesta Restaurant Group, Inc. has a 52-week low of $15.60 and a 52-week high of $30.65. The company’s 50-day moving average price is $18.37 and its 200 day moving average price is $22.13. The company’s market capitalization is $477.66 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The company had revenue of $172.62 million for the quarter, compared to analysts’ expectations of $178.19 million. During the same quarter last year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities analysts expect that Fiesta Restaurant Group, Inc. will post $1.03 EPS for the current fiscal year.

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FRGI has been the topic of several recent analyst reports. Zacks Investment Research raised Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Tuesday, May 2nd. BidaskClub cut Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Wedbush reaffirmed a “buy” rating and issued a $28.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Canaccord Genuity reaffirmed a “hold” rating and issued a $25.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $25.00 price target on shares of Fiesta Restaurant Group in a report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Fiesta Restaurant Group currently has a consensus rating of “Hold” and an average target price of $24.83.

In related news, CEO Richard C. Stockinger acquired 2,750 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average cost of $18.30 per share, for a total transaction of $50,325.00. Following the completion of the transaction, the chief executive officer now directly owns 81,985 shares in the company, valued at approximately $1,500,325.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Barry J. Alperin acquired 2,300 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were bought at an average price of $21.17 per share, for a total transaction of $48,691.00. Following the completion of the transaction, the director now owns 19,166 shares of the company’s stock, valued at $405,744.22. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 717,165 shares of company stock worth $14,143,135. Company insiders own 2.20% of the company’s stock.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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