Parametric Portfolio Associates LLC decreased its holdings in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 85.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,792 shares of the restaurant operator’s stock after selling 205,268 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.13% of Fiesta Restaurant Group worth $698,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in Fiesta Restaurant Group by 80.0% during the second quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 2,376 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Fiesta Restaurant Group by 5.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock valued at $131,000 after buying an additional 310 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Fiesta Restaurant Group by 61.2% during the second quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 3,880 shares during the last quarter. Arizona State Retirement System lifted its stake in Fiesta Restaurant Group by 0.7% during the second quarter. Arizona State Retirement System now owns 14,100 shares of the restaurant operator’s stock worth $291,000 after purchasing an additional 100 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in Fiesta Restaurant Group by 6.3% during the second quarter. Thrivent Financial For Lutherans now owns 16,270 shares of the restaurant operator’s stock worth $336,000 after purchasing an additional 970 shares during the last quarter. 92.18% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the company. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $17.00 price target (down previously from $22.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 10th. Zacks Investment Research raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. TheStreet lowered Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Finally, Wedbush reaffirmed a “buy” rating and set a $19.00 price target on shares of Fiesta Restaurant Group in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Fiesta Restaurant Group has an average rating of “Hold” and a consensus price target of $21.60.

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In related news, Director Brian P. Friedman bought 51,710 shares of the stock in a transaction dated Tuesday, September 12th. The stock was bought at an average price of $17.36 per share, with a total value of $897,685.60. Following the purchase, the director now owns 36,270 shares in the company, valued at approximately $629,647.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian P. Friedman bought 290,000 shares of the stock in a transaction dated Monday, September 11th. The stock was bought at an average cost of $16.06 per share, with a total value of $4,657,400.00. Following the purchase, the director now owns 2,152,565 shares in the company, valued at approximately $34,570,193.90. The disclosure for this purchase can be found here. In the last three months, insiders bought 755,625 shares of company stock valued at $12,776,708. 2.20% of the stock is currently owned by corporate insiders.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) opened at $17.95 on Wednesday. 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, Inc. has a 52 week low of $15.50 and a 52 week high of $30.65. The stock has a market capitalization of $482.15, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.71 and a beta of 0.69.

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

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).

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

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