BidaskClub lowered shares of Fiesta Restaurant Group (NASDAQ:FRGI) from a strong-buy rating to a buy rating in a report published on Wednesday.

FRGI has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a buy rating to a hold rating in a report on Tuesday. Stephens raised shares of Fiesta Restaurant Group from an equal weight rating to an overweight rating and set a $25.00 target price for the company in a report on Tuesday, May 8th. Wedbush reaffirmed an outperform rating and set a $24.00 target price on shares of Fiesta Restaurant Group in a report on Tuesday, May 8th. TheStreet raised shares of Fiesta Restaurant Group from a d+ rating to a c rating in a report on Wednesday, May 9th. Finally, ValuEngine raised shares of Fiesta Restaurant Group from a hold rating to a buy rating in a report on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $25.75.

Shares of Fiesta Restaurant Group traded down $0.35, reaching $28.40, during midday trading on Wednesday, Marketbeat Ratings reports. The company had a trading volume of 179,805 shares, compared to its average volume of 210,194. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.71. The firm has a market cap of $774.35 million, a P/E ratio of 47.33 and a beta of 0.54. Fiesta Restaurant Group has a 1-year low of $15.50 and a 1-year high of $30.88.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Monday, August 6th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $176.83 million during the quarter, compared to analyst estimates of $173.21 million. Fiesta Restaurant Group had a negative net margin of 0.80% and a positive return on equity of 5.35%. Fiesta Restaurant Group’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. sell-side analysts expect that Fiesta Restaurant Group will post 0.72 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ClariVest Asset Management LLC acquired a new stake in Fiesta Restaurant Group during the 2nd quarter worth $345,000. Dimensional Fund Advisors LP grew its holdings in Fiesta Restaurant Group by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,584,019 shares of the restaurant operator’s stock worth $45,462,000 after acquiring an additional 13,840 shares during the period. Legal & General Group Plc grew its holdings in Fiesta Restaurant Group by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 60,878 shares of the restaurant operator’s stock worth $1,754,000 after acquiring an additional 2,478 shares during the period. BlackRock Inc. boosted its position in shares of Fiesta Restaurant Group by 3.6% during the second quarter. BlackRock Inc. now owns 3,611,416 shares of the restaurant operator’s stock worth $103,649,000 after purchasing an additional 124,428 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Fiesta Restaurant Group by 36.7% during the second quarter. GSA Capital Partners LLP now owns 41,974 shares of the restaurant operator’s stock worth $1,205,000 after purchasing an additional 11,274 shares in the last quarter.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc, through its subsidiaries, owns, operates, and franchises fast-casual restaurants. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brands. The company's Pollo Tropical restaurants offer citrus marinated, fire-grilled chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants provide Mexican inspired food made fresh by hand.

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