BidaskClub cut shares of Fiesta Restaurant Group (NASDAQ:FRGI) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Other analysts have also issued research reports about the stock. Wedbush restated a buy rating and issued a $19.00 target price on shares of Fiesta Restaurant Group in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a sell rating to a hold rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $22.60.

Shares of Fiesta Restaurant Group (NASDAQ FRGI) opened at $17.65 on Friday. Fiesta Restaurant Group has a 52-week low of $15.50 and a 52-week high of $28.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.49. The firm has a market cap of $475.16, a P/E ratio of -20.52, a price-to-earnings-growth ratio of 1.74 and a beta of 0.62.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, November 6th. The restaurant operator reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The company had revenue of $158.70 million during the quarter, compared to analyst estimates of $162.05 million. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s quarterly revenue was down 12.9% on a year-over-year basis. equities research analysts expect that Fiesta Restaurant Group will post 0.73 EPS for the current fiscal year.

In other Fiesta Restaurant Group news, insider Charles Locke purchased 1,565 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was purchased at an average price of $18.73 per share, with a total value of $29,312.45. Following the completion of the purchase, the insider now owns 1,565 shares of the company’s stock, valued at $29,312.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Worth Venture Partners LLC raised its stake in shares of Fiesta Restaurant Group by 55.6% during the fourth quarter. Worth Venture Partners LLC now owns 37,800 shares of the restaurant operator’s stock valued at $718,000 after acquiring an additional 13,500 shares during the last quarter. First Manhattan Co. raised its stake in shares of Fiesta Restaurant Group by 4.7% during the fourth quarter. First Manhattan Co. now owns 101,290 shares of the restaurant operator’s stock valued at $1,924,000 after acquiring an additional 4,590 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Fiesta Restaurant Group by 22.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 188,497 shares of the restaurant operator’s stock valued at $3,582,000 after acquiring an additional 34,078 shares during the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in shares of Fiesta Restaurant Group by 88.9% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 318,428 shares of the restaurant operator’s stock valued at $6,050,000 after acquiring an additional 149,888 shares during the last quarter. Finally, Newtyn Management LLC bought a new position in shares of Fiesta Restaurant Group during the third quarter valued at $19,000,000. 97.10% of the stock is owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

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