Fiesta Restaurant Group (FRGI) Earns Media Impact Rating of 0.08
News articles about Fiesta Restaurant Group (NASDAQ:FRGI) have trended somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fiesta Restaurant Group earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 44.6234575528837 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Fiesta Restaurant Group, Inc. (FRGI) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Reviewing One Group Hospitality (STKS) & Fiesta Restaurant Group (FRGI) (americanbankingnews.com)
- Trading Watch: Percentage Price Oscillator is Above Signal for Fiesta Restaurant Group Inc (FRGI) – Lockport Press (lockportpress.com)
- ETFs with exposure to Fiesta Restaurant Group, Inc. : September 20, 2017 (finance.yahoo.com)
- Fiesta Restaurant Group’s (FRGI) “Buy” Rating Reaffirmed at Wedbush (americanbankingnews.com)
Shares of Fiesta Restaurant Group (NASDAQ FRGI) traded up 0.57% on Friday, hitting $17.60. 228,098 shares of the company were exchanged. The firm’s market cap is $472.30 million. The company has a 50-day moving average price of $17.56 and a 200 day moving average price of $20.72. Fiesta Restaurant Group has a 52-week low of $15.50 and a 52-week high of $30.65.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued 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). Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The firm had revenue of $172.62 million during the quarter, compared to analyst estimates of $178.19 million. During the same period last year, the business earned $0.34 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. Analysts predict that Fiesta Restaurant Group will post $1.02 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on FRGI shares. BidaskClub downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Piper Jaffray Companies reissued a “neutral” rating and issued a $17.00 price target (down from $22.00) on shares of Fiesta Restaurant Group in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. Wedbush reissued a “buy” rating on shares of Fiesta Restaurant Group in a research note on Monday, September 18th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Fiesta Restaurant Group presently has a consensus rating of “Hold” and a consensus price target of $24.33.
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In related news, Director Brian P. Friedman bought 290,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $16.06 per share, for a total transaction of $4,657,400.00. Following the completion of the purchase, the director now owns 2,152,565 shares of the company’s stock, valued at approximately $34,570,193.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard C. Stockinger bought 2,750 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was bought at an average price of $18.30 per share, for a total transaction of $50,325.00. Following the completion of the purchase, the chief executive officer now directly owns 81,985 shares of the company’s stock, valued at approximately $1,500,325.50. The disclosure for this purchase can be found here. Insiders have bought 1,271,375 shares of company stock valued at $22,323,743 in the last three months. Corporate insiders own 2.20% of the company’s stock.
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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