Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) – Equities research analysts at Wedbush decreased their Q2 2018 EPS estimates for shares of Fiesta Restaurant Group in a research note issued on Tuesday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.20 for the quarter, down from their prior forecast of $0.34. Wedbush currently has a “Buy” rating and a $28.00 price target on the stock. Wedbush also issued estimates for Fiesta Restaurant Group’s Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.15 EPS and FY2018 earnings at $0.73 EPS.

A number of other equities research analysts have also weighed in on FRGI. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a report on Friday, May 5th. Stephens lowered shares of Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price target for the company. in a report on Tuesday, May 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Finally, BidaskClub lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $24.83.

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Fiesta Restaurant Group (NASDAQ:FRGI) traded down 1.57% during midday trading on Thursday, hitting $18.75. 128,820 shares of the stock traded hands. The company’s 50-day moving average is $18.79 and its 200-day moving average is $22.51. Fiesta Restaurant Group has a one year low of $15.60 and a one year high of $30.65. The company’s market cap is $503.16 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $172.62 million for the quarter, compared to analysts’ expectations of $178.19 million. Fiesta Restaurant Group had a positive return on equity of 11.77% and a negative net margin of 2.75%. Fiesta Restaurant Group’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Guggenheim Capital LLC bought a new position in Fiesta Restaurant Group during the fourth quarter worth approximately $225,000. Norges Bank bought a new position in Fiesta Restaurant Group during the fourth quarter worth approximately $3,253,000. Teachers Advisors LLC increased its position in Fiesta Restaurant Group by 17.1% in the fourth quarter. Teachers Advisors LLC now owns 56,436 shares of the restaurant operator’s stock worth $1,685,000 after buying an additional 8,239 shares during the period. Macquarie Group Ltd. increased its position in Fiesta Restaurant Group by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 608,159 shares of the restaurant operator’s stock worth $18,154,000 after buying an additional 42,396 shares during the period. Finally, Edge Wealth Management LLC bought a new position in Fiesta Restaurant Group during the first quarter worth approximately $242,000. Hedge funds and other institutional investors own 93.58% of the company’s stock.

In related news, Director Brian P. Friedman acquired 309,115 shares of Fiesta Restaurant Group stock in a transaction on Friday, June 9th. The shares were purchased at an average cost of $21.12 per share, for a total transaction of $6,528,508.80. Following the purchase, the director now directly owns 36,270 shares of the company’s stock, valued at approximately $766,022.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian P. Friedman acquired 28,093 shares of Fiesta Restaurant Group stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $21.65 per share, for a total transaction of $608,213.45. Following the completion of the purchase, the director now directly owns 32,681 shares in the company, valued at $707,543.65. The disclosure for this purchase can be found here. Insiders have acquired a total of 339,508 shares of company stock worth $7,185,413 over the last quarter. 2.20% of the stock is currently owned by insiders.

About Fiesta Restaurant Group

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).

Earnings History and Estimates for Fiesta Restaurant Group (NASDAQ:FRGI)

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