BidaskClub cut shares of Fiesta Restaurant Group (NASDAQ:FRGI) from a hold rating to a sell rating in a research note released on Friday, BidAskClub reports.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Fiesta Restaurant Group from a hold rating to a sell rating in a research note on Monday, April 1st. ValuEngine lowered Fiesta Restaurant Group from a hold rating to a sell rating in a research note on Monday, April 1st. Stephens reduced their target price on Fiesta Restaurant Group from $32.00 to $25.00 and set an overweight rating on the stock in a research note on Tuesday, February 26th. Finally, TheStreet lowered Fiesta Restaurant Group from a c- rating to a d rating in a research note on Monday, February 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $22.67.

NASDAQ:FRGI opened at $13.01 on Friday. Fiesta Restaurant Group has a fifty-two week low of $12.27 and a fifty-two week high of $30.88. The firm has a market cap of $357.15 million, a P/E ratio of 21.68 and a beta of 0.03. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.76 and a current ratio of 0.81.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). Fiesta Restaurant Group had a net margin of 0.86% and a return on equity of 6.55%. The company had revenue of $165.85 million for the quarter, compared to analysts’ expectations of $163.15 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. Sell-side analysts forecast that Fiesta Restaurant Group will post 0.63 EPS for the current year.

In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. bought 93,257 shares of Fiesta Restaurant Group stock in a transaction on Wednesday, June 5th. The shares were acquired at an average price of $14.00 per share, for a total transaction of $1,305,598.00. Following the completion of the purchase, the insider now directly owns 5,262,189 shares in the company, valued at approximately $73,670,646. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 1,588,075 shares of company stock worth $21,794,537. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jefferies Financial Group Inc. grew its position in shares of Fiesta Restaurant Group by 15.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 3,786,621 shares of the restaurant operator’s stock worth $56,269,000 after buying an additional 516,043 shares in the last quarter. BlackRock Inc. grew its position in shares of Fiesta Restaurant Group by 1.3% during the 4th quarter. BlackRock Inc. now owns 3,449,038 shares of the restaurant operator’s stock worth $53,494,000 after buying an additional 44,792 shares in the last quarter. Private Capital Management LLC grew its position in shares of Fiesta Restaurant Group by 8.0% during the 1st quarter. Private Capital Management LLC now owns 991,474 shares of the restaurant operator’s stock worth $12,998,000 after buying an additional 73,851 shares in the last quarter. Thomson Horstmann & Bryant Inc. grew its position in shares of Fiesta Restaurant Group by 7.2% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 492,211 shares of the restaurant operator’s stock worth $7,634,000 after buying an additional 32,907 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its position in shares of Fiesta Restaurant Group by 370.5% during the 1st quarter. Kennedy Capital Management Inc. now owns 432,798 shares of the restaurant operator’s stock worth $5,674,000 after buying an additional 340,806 shares in the last quarter. 93.20% of the stock is currently owned by institutional investors and hedge funds.

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 fire-grilled and citrus marinated chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants that provide Mexican inspired food made fresh by hand.

Further Reading: Debt-To-Equity Ratio

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