Fiesta Restaurant Group (FRGI) Downgraded by BidaskClub to Sell
Fiesta Restaurant Group (NASDAQ:FRGI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
A number of other equities research analysts also recently weighed in on FRGI. ValuEngine upgraded Fiesta Restaurant Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Wedbush boosted their target price on Fiesta Restaurant Group from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, July 2nd. Finally, Zacks Investment Research downgraded Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Fiesta Restaurant Group currently has an average rating of “Hold” and a consensus target price of $29.67.
FRGI stock opened at $26.30 on Friday. The firm has a market cap of $717.10 million, a PE ratio of 55.96 and a beta of 0.58. Fiesta Restaurant Group has a twelve month low of $15.65 and a twelve month high of $30.88. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 0.30.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRGI. Barclays PLC increased its holdings in Fiesta Restaurant Group by 92.7% in the first quarter. Barclays PLC now owns 8,063 shares of the restaurant operator’s stock valued at $149,000 after purchasing an additional 3,879 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Fiesta Restaurant Group in the second quarter valued at about $181,000. Engineers Gate Manager LP bought a new stake in Fiesta Restaurant Group in the second quarter valued at about $200,000. SG Americas Securities LLC bought a new stake in Fiesta Restaurant Group in the second quarter valued at about $212,000. Finally, Wedbush Securities Inc. bought a new stake in Fiesta Restaurant Group in the second quarter valued at about $279,000. Institutional investors and hedge funds own 99.11% of the company’s stock.
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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