Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Brian Friedman bought 85,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was purchased at an average price of $17.46 per share, for a total transaction of $1,484,100.00. Following the purchase, the director now owns 2,116,295 shares of the company’s stock, valued at approximately $36,950,510.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Fiesta Restaurant Group, Inc. (NASDAQ FRGI) opened at 16.40 on Tuesday. The company’s market cap is $440.09 million. Fiesta Restaurant Group, Inc. has a 12 month low of $15.50 and a 12 month high of $30.65. The company’s 50-day moving average is $17.60 and its 200-day moving average is $20.96.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $172.62 million during the quarter, compared to analyst estimates of $178.19 million. Fiesta Restaurant Group had a positive return on equity of 11.77% and a negative net margin of 2.75%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. On average, equities research analysts expect that Fiesta Restaurant Group, Inc. will post $1.02 EPS for the current fiscal year.

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Several brokerages have recently issued reports on FRGI. Piper Jaffray Companies reiterated a “neutral” rating and issued a $17.00 target price (down previously from $22.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 10th. TheStreet downgraded shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $25.00 target price on shares of Fiesta Restaurant Group in a research note on Monday, May 15th. Finally, Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.33.

A number of hedge funds have recently added to or reduced their stakes in FRGI. Teachers Advisors LLC boosted its stake in Fiesta Restaurant Group by 17.1% in the 4th quarter. Teachers Advisors LLC now owns 56,436 shares of the restaurant operator’s stock worth $1,685,000 after purchasing an additional 8,239 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Fiesta Restaurant Group by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock worth $266,000 after purchasing an additional 200 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Fiesta Restaurant Group by 10.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 38,070 shares of the restaurant operator’s stock worth $919,000 after purchasing an additional 3,612 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Fiesta Restaurant Group by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 322,699 shares of the restaurant operator’s stock worth $7,809,000 after purchasing an additional 8,258 shares in the last quarter. Finally, Comerica Bank boosted its stake in Fiesta Restaurant Group by 4.2% in the 1st quarter. Comerica Bank now owns 29,735 shares of the restaurant operator’s stock worth $743,000 after purchasing an additional 1,195 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.

About Fiesta Restaurant Group

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).

Insider Buying and Selling by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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