Voya Investment Management LLC raised its stake in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 12.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,014 shares of the restaurant operator’s stock after acquiring an additional 1,402 shares during the period. Voya Investment Management LLC’s holdings in Fiesta Restaurant Group were worth $269,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FRGI. Legal & General Group Plc lifted its stake in Fiesta Restaurant Group by 1.7% during the 1st quarter. Legal & General Group Plc now owns 46,910 shares of the restaurant operator’s stock valued at $1,134,000 after acquiring an additional 762 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in Fiesta Restaurant Group by 6.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 15,300 shares of the restaurant operator’s stock valued at $370,000 after acquiring an additional 980 shares in the last quarter. Vanguard Group Inc. lifted its stake in Fiesta Restaurant Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,216,833 shares of the restaurant operator’s stock valued at $53,647,000 after acquiring an additional 77,608 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fiesta Restaurant Group by 9.6% during the 1st quarter. Geode Capital Management LLC now owns 227,303 shares of the restaurant operator’s stock valued at $5,500,000 after acquiring an additional 19,882 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Fiesta Restaurant Group by 15.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,700 shares of the restaurant operator’s stock valued at $26,492,000 after acquiring an additional 149,491 shares in the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ FRGI) opened at $17.25 on Friday. The company has a market capitalization of $469.96, a price-to-earnings ratio of 19.72, a PEG ratio of 1.67 and a beta of 0.69. Fiesta Restaurant Group, Inc. has a 52 week low of $15.50 and a 52 week high of $30.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.49 and a current ratio of 0.53.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.19). The business had revenue of $158.70 million for the quarter, compared to the consensus estimate of $162.05 million. Fiesta Restaurant Group had a positive return on equity of 9.49% and a negative net margin of 3.40%. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. research analysts predict that Fiesta Restaurant Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Several equities analysts have weighed in on FRGI shares. Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Zacks Investment Research cut Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Piper Jaffray Companies reiterated a “neutral” rating and set a $17.00 target price (down from $22.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 10th. TheStreet cut Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Finally, Wedbush reiterated a “buy” rating on shares of Fiesta Restaurant Group in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Fiesta Restaurant Group presently has an average rating of “Hold” and an average price target of $21.60.

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In other news, CEO Richard C. Stockinger acquired 2,915 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average price of $17.15 per share, with a total value of $49,992.25. Following the acquisition, the chief executive officer now owns 84,900 shares in the company, valued at approximately $1,456,035. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian P. Friedman acquired 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average cost of $17.67 per share, with a total value of $1,590,300.00. Following the acquisition, the director now owns 36,270 shares in the company, valued at approximately $640,890.90. The disclosure for this purchase can be found here. In the last three months, insiders purchased 865,625 shares of company stock valued at $14,757,808. 2.20% of the stock is currently owned by insiders.

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).

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

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