Fiesta Restaurant Group (FRGI) Earning Somewhat Favorable News Coverage, Analysis Finds
Media coverage about Fiesta Restaurant Group (NASDAQ:FRGI) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fiesta Restaurant Group earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the restaurant operator an impact score of 45.4904839797009 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- Fiesta Restaurant Group, Inc. Appoints Charles “Chuck” Locke as Taco Cabana President; Danny Meisenheimer to … – Business Wire (press release) (businesswire.com)
- $0.22 Earnings Per Share Expected for Fiesta Restaurant Group, Inc. (FRGI) This Quarter (americanbankingnews.com)
- Executive changes: Hirings, promotions at EnLink Midstream, Kroll and Vizient for Oct. 16-20 (dallasnews.com)
- FRGI: Insiders Vs. Shorts (thestreet.com)
- FIESTA RESTAURANT GROUP, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (4-traders.com)
Fiesta Restaurant Group (FRGI) traded down 1.17% during trading on Wednesday, reaching $16.85. The company’s stock had a trading volume of 271,944 shares. The company’s market capitalization is $452.17 million. The firm’s 50-day moving average price is $17.70 and its 200 day moving average price is $20.21. Fiesta Restaurant Group has a 12-month low of $15.50 and a 12-month high of $30.65.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, August 7th. The restaurant operator reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $172.62 million for the quarter, compared to the consensus estimate of $178.19 million. Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. On average, analysts predict that Fiesta Restaurant Group will post $0.98 earnings per share for the current fiscal year.
FRGI has been the subject of a number of recent analyst reports. BidaskClub downgraded Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Zacks Investment Research downgraded Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. Piper Jaffray Companies restated a “neutral” rating and set a $17.00 target price (down previously from $22.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 10th. Finally, TheStreet downgraded Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.40.
In other news, Director Brian P. Friedman bought 140,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $18.41 per share, with a total value of $2,577,400.00. Following the transaction, the director now directly owns 36,270 shares in the company, valued at approximately $667,730.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian P. Friedman bought 160,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $18.83 per share, with a total value of $3,012,800.00. Following the completion of the transaction, the director now owns 36,270 shares in the company, valued at $682,964.10. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,271,375 shares of company stock valued at $22,323,743. 2.20% of the stock is currently owned by corporate insiders.
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).
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