Shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) have earned a consensus rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $22.60.

FRGI has been the subject of several research analyst reports. Piper Jaffray Companies lowered shares of Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $17.00 to $14.00 in a report on Thursday, September 7th. TheStreet lowered shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a report on Thursday, September 7th. Wedbush reissued a “buy” rating on shares of Fiesta Restaurant Group in a report on Monday, September 18th. Finally, Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, November 9th.

Shares of Fiesta Restaurant Group (NASDAQ FRGI) traded up $0.10 during mid-day trading on Friday, hitting $19.70. 237,423 shares of the stock traded hands, compared to its average volume of 402,681. Fiesta Restaurant Group has a one year low of $15.50 and a one year high of $30.65. The firm has a market cap of $544.45, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.26.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $158.70 million during the quarter, compared to analyst estimates of $162.05 million. During the same period last year, the firm earned $0.30 EPS. Fiesta Restaurant Group’s quarterly revenue was down 12.9% on a year-over-year basis. sell-side analysts predict that Fiesta Restaurant Group will post 0.74 earnings per share for the current year.

In related news, insider Charles Locke acquired 1,565 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average cost of $18.73 per share, with a total value of $29,312.45. Following the transaction, the insider now owns 1,565 shares of the company’s stock, valued at approximately $29,312.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its position in Fiesta Restaurant Group by 80.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 2,376 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Fiesta Restaurant Group by 5.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock valued at $131,000 after acquiring an additional 310 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Fiesta Restaurant Group by 61.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock valued at $211,000 after acquiring an additional 3,880 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Fiesta Restaurant Group in the 2nd quarter valued at $217,000. Finally, Voya Investment Management LLC lifted its position in Fiesta Restaurant Group by 12.1% in the 2nd quarter. Voya Investment Management LLC now owns 13,014 shares of the restaurant operator’s stock valued at $269,000 after acquiring an additional 1,402 shares in the last quarter. 94.11% of the stock is currently owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

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