Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) insider Charles Locke purchased 1,565 shares of Fiesta Restaurant Group stock in a transaction on Wednesday, November 29th. The shares were acquired at an average price of $18.73 per share, for a total transaction of $29,312.45. Following the completion of the transaction, the insider now directly owns 1,565 shares of the company’s stock, valued at $29,312.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Fiesta Restaurant Group, Inc. (FRGI) traded down $0.15 during trading on Wednesday, hitting $18.95. 321,106 shares of the stock traded hands, compared to its average volume of 405,864. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.49. Fiesta Restaurant Group, Inc. has a 1 year low of $15.50 and a 1 year high of $30.65. The company has a market capitalization of $519.58, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.76.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, November 6th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.19). Fiesta Restaurant Group had a positive return on equity of 9.49% and a negative net margin of 3.40%. The firm had revenue of $158.70 million during the quarter, compared to the consensus estimate of $162.05 million. During the same quarter in the prior year, the business posted $0.30 EPS. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. analysts forecast that Fiesta Restaurant Group, Inc. will post 0.74 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of Fiesta Restaurant Group by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 2,376 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Fiesta Restaurant Group by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 310 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Fiesta Restaurant Group by 61.2% in the second quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 3,880 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Fiesta Restaurant Group in the second quarter worth approximately $217,000. Finally, Voya Investment Management LLC grew its holdings in shares of Fiesta Restaurant Group by 12.1% in the second quarter. Voya Investment Management LLC now owns 13,014 shares of the restaurant operator’s stock worth $269,000 after purchasing an additional 1,402 shares during the last quarter. Hedge funds and other institutional investors own 94.11% of the company’s stock.

A number of research analysts have commented on the stock. TheStreet cut shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research report on Thursday, September 7th. Wedbush reiterated a “buy” rating on shares of Fiesta Restaurant Group in a research report on Monday, September 18th. Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies cut 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.60.

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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).

Insider Buying and Selling by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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