Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) was downgraded by stock analysts at TheStreet from a “c-” rating to a “d+” rating in a research report issued on Thursday.

Other analysts have also issued reports about the company. BidaskClub lowered Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Piper Jaffray Companies reissued a “neutral” rating and set a $17.00 price target (down from $22.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 10th. Zacks Investment Research lowered Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. Jefferies Group LLC reissued a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a research note on Monday, May 15th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.33.

Shares of Fiesta Restaurant Group (FRGI) traded up 5.66% on Thursday, hitting $16.80. 274,295 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $17.60 and its 200 day moving average price is $21.00. The company’s market cap is $450.83 million. Fiesta Restaurant Group has a 1-year low of $15.50 and a 1-year high of $30.65.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $172.62 million for the quarter, compared to analyst estimates of $178.19 million. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities research analysts expect that Fiesta Restaurant Group will post $1.02 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/09/11/thestreet-downgrades-fiesta-restaurant-group-inc-frgi-to-d.html.

In related news, CEO Richard C. Stockinger acquired 2,750 shares of the stock in a transaction dated Thursday, August 17th. The stock was bought 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 of the company’s stock, valued at $1,500,325.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard C. Stockinger acquired 2,915 shares of the stock in a transaction dated Wednesday, September 6th. The shares were bought at an average price of $17.15 per share, with a total value of $49,992.25. Following the completion of the transaction, the chief executive officer now directly owns 84,900 shares of the company’s stock, valued at $1,456,035. The disclosure for this purchase can be found here. Insiders have bought 928,665 shares of company stock valued at $16,751,177 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of Fiesta Restaurant Group by 1.7% during the first quarter. Legal & General Group Plc now owns 46,910 shares of the restaurant operator’s stock worth $1,134,000 after acquiring an additional 762 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Fiesta Restaurant Group by 4.2% during the first quarter. Ameriprise Financial Inc. now owns 141,566 shares of the restaurant operator’s stock worth $3,426,000 after acquiring an additional 5,711 shares during the last quarter. Point72 Europe London LLP bought a new position in shares of Fiesta Restaurant Group during the first quarter worth about $5,830,000. Chartwell Investment Partners LLC raised its position in shares of Fiesta Restaurant Group by 58.7% during the first quarter. Chartwell Investment Partners LLC now owns 175,458 shares of the restaurant operator’s stock worth $4,246,000 after acquiring an additional 64,933 shares during the last quarter. Finally, TD Asset Management Inc. bought a new position in shares of Fiesta Restaurant Group during the first quarter worth about $335,000. 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).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

Receive News & Stock Ratings for Fiesta Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group Inc. and related stocks with our FREE daily email newsletter.