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

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.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Wednesday, August 7th. The restaurant operator reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The business had revenue of $171.40 million during the quarter, compared to analyst estimates of $172.73 million. Fiesta Restaurant Group had a negative net margin of 6.92% and a positive return on equity of 6.32%. Fiesta Restaurant Group’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. Research analysts forecast that Fiesta Restaurant Group will post 0.59 earnings per share for the current year.

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.

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