Wedbush restated their buy rating on shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) in a research report released on Monday morning.

Several other analysts also recently commented on the stock. TheStreet downgraded shares of Fiesta Restaurant Group from a c- rating to a d+ rating in a research report on Thursday, September 7th. Piper Jaffray Companies downgraded shares of Fiesta Restaurant Group from a neutral rating to an underweight rating and reduced their price target for the company from $17.00 to $14.00 in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a hold rating to a strong sell rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. reiterated a market perform rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. Finally, BidaskClub downgraded shares of Fiesta Restaurant Group from a sell rating to a strong sell rating in a research report on Sunday, July 16th. 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 company presently has a consensus rating of Hold and an average price target of $24.33.

Shares of Fiesta Restaurant Group (NASDAQ:FRGI) opened at 17.65 on Monday. The firm’s market cap is $473.64 million. The stock has a 50 day moving average of $17.55 and a 200-day moving average of $20.74. Fiesta Restaurant Group has a 1-year low of $15.50 and a 1-year high of $30.65.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings results on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing the 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 business had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities analysts anticipate that Fiesta Restaurant Group will post $1.02 EPS for the current fiscal year.

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In other news, Director Brian P. Friedman acquired 60,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $18.71 per share, with a total value of $1,122,600.00. Following the purchase, the director now owns 36,270 shares of the company’s stock, valued at approximately $678,611.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard C. Stockinger acquired 2,750 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost 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 in the company, valued at approximately $1,500,325.50. The disclosure for this purchase can be found here. Insiders acquired a total of 1,271,375 shares of company stock worth $22,323,743 over the last three months. 2.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FRGI. Teachers Advisors LLC increased its stake in Fiesta Restaurant Group by 17.1% in the 4th quarter. Teachers Advisors LLC now owns 56,436 shares of the restaurant operator’s stock valued at $1,685,000 after buying an additional 8,239 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Fiesta Restaurant Group by 1.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock worth $266,000 after purchasing an additional 200 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Fiesta Restaurant Group by 10.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 38,070 shares of the restaurant operator’s stock worth $919,000 after purchasing an additional 3,612 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Fiesta Restaurant Group by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 322,699 shares of the restaurant operator’s stock worth $7,809,000 after purchasing an additional 8,258 shares during the period. Finally, Comerica Bank grew its stake in shares of Fiesta Restaurant Group by 4.2% during the 1st quarter. Comerica Bank now owns 29,735 shares of the restaurant operator’s stock worth $743,000 after purchasing an additional 1,195 shares during the period. 94.00% of the stock is currently owned by institutional investors.

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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