Bank of New York Mellon Corp raised its position in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 320,717 shares of the restaurant operator’s stock after buying an additional 16,517 shares during the period. Bank of New York Mellon Corp owned about 1.18% of Fiesta Restaurant Group worth $9,204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its position in Fiesta Restaurant Group by 0.3% during the 1st quarter. BlackRock Inc. now owns 3,486,988 shares of the restaurant operator’s stock valued at $64,508,000 after buying an additional 11,581 shares during the period. Wasatch Advisors Inc. boosted its position in Fiesta Restaurant Group by 1.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,487,253 shares of the restaurant operator’s stock valued at $71,384,000 after buying an additional 41,833 shares during the period. Oaktree Capital Management LP boosted its position in Fiesta Restaurant Group by 39.5% during the 1st quarter. Oaktree Capital Management LP now owns 1,325,000 shares of the restaurant operator’s stock valued at $24,512,000 after buying an additional 375,000 shares during the period. Hood River Capital Management LLC purchased a new stake in Fiesta Restaurant Group during the 2nd quarter valued at $20,685,000. Finally, Columbus Circle Investors purchased a new stake in Fiesta Restaurant Group during the 2nd quarter valued at $8,825,000. 99.11% of the stock is owned by institutional investors and hedge funds.

NASDAQ:FRGI opened at $26.55 on Thursday. Fiesta Restaurant Group Inc has a 12 month low of $15.65 and a 12 month high of $30.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.69. The stock has a market capitalization of $708.92 million, a PE ratio of 44.08 and a beta of 0.58.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, August 6th. The restaurant operator reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Fiesta Restaurant Group had a negative net margin of 0.80% and a positive return on equity of 5.35%. The firm had revenue of $176.83 million during the quarter, compared to analysts’ expectations of $173.21 million. During the same period last year, the company posted $0.30 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. research analysts forecast that Fiesta Restaurant Group Inc will post 0.72 earnings per share for the current year.

FRGI has been the subject of several analyst reports. ValuEngine raised shares of Fiesta Restaurant Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Wedbush raised their target price on shares of Fiesta Restaurant Group from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, July 2nd. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, July 9th. Finally, BidaskClub cut shares of Fiesta Restaurant Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Fiesta Restaurant Group has a consensus rating of “Hold” and an average price target of $29.67.

About Fiesta Restaurant Group

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

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