Fiesta Restaurant Group (NASDAQ:FRGI) Raised to Hold at BidaskClub
A number of other brokerages have also recently commented on FRGI. ValuEngine upgraded shares of Fiesta Restaurant Group from a strong sell rating to a sell rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Fiesta Restaurant Group from a hold rating to a sell rating in a research report on Saturday, August 10th. Finally, Stephens reduced their target price on shares of Fiesta Restaurant Group from $25.00 to $14.00 and set an overweight rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $19.00.
NASDAQ:FRGI opened at $10.44 on Wednesday. The company has a fifty day moving average of $11.17 and a two-hundred day moving average of $13.10. The stock has a market capitalization of $286.86 million, a PE ratio of 17.40 and a beta of -0.07. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.47 and a current ratio of 0.52. Fiesta Restaurant Group has a fifty-two week low of $8.75 and a fifty-two week high of $30.35.
In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. bought 18,917 shares of Fiesta Restaurant Group stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of $13.96 per share, for a total transaction of $264,081.32. Following the completion of the transaction, the insider now directly owns 4,427,886 shares of the company’s stock, valued at $61,813,288.56. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders bought 880,452 shares of company stock valued at $12,127,611 over the last quarter. Company insiders own 1.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its position in Fiesta Restaurant Group by 135.0% during the second quarter. Bank of Montreal Can now owns 2,237 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 1,285 shares during the last quarter. Macquarie Group Ltd. increased its position in Fiesta Restaurant Group by 440.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,700 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 2,200 shares during the last quarter. Glassman Wealth Services acquired a new stake in Fiesta Restaurant Group during the second quarter worth about $37,000. BNP Paribas Arbitrage SA increased its position in Fiesta Restaurant Group by 386.5% during the first quarter. BNP Paribas Arbitrage SA now owns 5,434 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 4,317 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Fiesta Restaurant Group during the fourth quarter worth about $105,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.
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.
Read More: Buy-Side Analysts
Receive News & Ratings for Fiesta Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.