Bandera Partners LLC decreased its position in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 29.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,932 shares of the restaurant operator’s stock after selling 115,307 shares during the quarter. Fiesta Restaurant Group makes up approximately 5.3% of Bandera Partners LLC’s portfolio, making the stock its 6th biggest position. Bandera Partners LLC owned 1.05% of Fiesta Restaurant Group worth $5,822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its holdings in shares of Fiesta Restaurant Group by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 2,376 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in Fiesta Restaurant Group by 7.7% during the 1st quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock worth $152,000 after buying an additional 450 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Fiesta Restaurant Group by 5.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock worth $131,000 after buying an additional 310 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Fiesta Restaurant Group by 61.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock worth $211,000 after buying an additional 3,880 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in Fiesta Restaurant Group by 1.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock worth $266,000 after buying an additional 200 shares during the period. 94.00% of the stock is currently owned by institutional investors.

In related news, CEO Richard C. Stockinger acquired 2,750 shares of Fiesta Restaurant Group stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $18.30 per share, with a total value of $50,325.00. Following the completion of the purchase, the chief executive officer now owns 81,985 shares of the company’s stock, valued at $1,500,325.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Richard C. Stockinger acquired 2,915 shares of Fiesta Restaurant Group stock in a transaction dated Wednesday, September 6th. The shares were bought at an average cost of $17.15 per share, for a total transaction of $49,992.25. Following the completion of the purchase, the chief executive officer now directly owns 84,900 shares of the company’s stock, valued at approximately $1,456,035. The disclosure for this purchase can be found here. Insiders have bought 1,271,375 shares of company stock worth $22,323,743 over the last ninety days. Insiders own 2.20% of the company’s stock.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ FRGI) traded up 0.57% on Friday, reaching $17.60. The company’s stock had a trading volume of 228,098 shares. Fiesta Restaurant Group, Inc. has a 12 month low of $15.50 and a 12 month high of $30.65. The stock has a 50 day moving average of $17.56 and a 200-day moving average of $20.72. The firm’s market cap is $472.30 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The company had revenue of $172.62 million for the quarter, compared to the consensus estimate of $178.19 million. During the same period last year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, analysts anticipate that Fiesta Restaurant Group, Inc. will post $1.02 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Bandera Partners LLC Cuts Position in Fiesta Restaurant Group, Inc. (FRGI)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.watchlistnews.com/bandera-partners-llc-cuts-position-in-fiesta-restaurant-group-inc-frgi/1583121.html.

Several brokerages have commented on FRGI. Wedbush reaffirmed a “buy” rating on shares of Fiesta Restaurant Group in a report on Monday, September 18th. TheStreet downgraded Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a report on Thursday, September 7th. Piper Jaffray Companies downgraded Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $17.00 to $14.00 in a report on Thursday, September 7th. Zacks Investment Research downgraded Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Fiesta Restaurant Group presently has a consensus rating of “Hold” and a consensus target price of $24.33.

Fiesta Restaurant Group Company Profile

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).

Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

Receive News & Ratings for Fiesta Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.