Fiesta Restaurant Group (FRGI) Upgraded by ValuEngine to Hold
ValuEngine upgraded shares of Fiesta Restaurant Group (NASDAQ:FRGI) from a sell rating to a hold rating in a report released on Saturday morning.
A number of other equities analysts have also recently issued reports on FRGI. Wedbush restated an outperform rating and set a $24.00 target price (up previously from $19.00) on shares of Fiesta Restaurant Group in a research report on Friday, December 8th. BidaskClub upgraded shares of Fiesta Restaurant Group from a sell rating to a hold rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Fiesta Restaurant Group presently has an average rating of Hold and a consensus target price of $22.60.
Shares of Fiesta Restaurant Group (NASDAQ FRGI) traded up $1.55 during midday trading on Friday, hitting $19.05. 229,377 shares of the company traded hands, compared to its average volume of 327,935. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.69 and a quick ratio of 0.64. Fiesta Restaurant Group has a 12-month low of $15.50 and a 12-month high of $25.35. The firm has a market capitalization of $516.14, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.30 and a beta of 0.71.
In other news, Director Jack A. Smith acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $17.04 per share, with a total value of $51,120.00. Following the completion of the transaction, the director now directly owns 52,041 shares in the company, valued at approximately $886,778.64. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder National Corp Leucadia acquired 176,814 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was purchased at an average cost of $16.59 per share, with a total value of $2,933,344.26. Following the transaction, the insider now owns 3,075,383 shares of the company’s stock, valued at $51,020,603.97. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Fiesta Restaurant Group in the fourth quarter valued at approximately $186,000. Municipal Employees Retirement System of Michigan raised its position in shares of Fiesta Restaurant Group by 59.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,160 shares of the restaurant operator’s stock valued at $193,000 after buying an additional 3,800 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Fiesta Restaurant Group in the fourth quarter valued at approximately $205,000. Voya Investment Management LLC raised its position in shares of Fiesta Restaurant Group by 12.1% in the second quarter. Voya Investment Management LLC now owns 13,014 shares of the restaurant operator’s stock valued at $269,000 after buying an additional 1,402 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in Fiesta Restaurant Group in the fourth quarter valued at approximately $254,000. 98.87% of the stock is owned by institutional investors and hedge funds.
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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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