Zacks Investment Research upgraded shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) from a sell rating to a hold rating in a report released on Thursday.

According to Zacks, “Fiesta Restaurant Group, Inc. owns and operates quick-casual restaurants under the Pollo Tropical(R) and Taco Cabana(R) brand names in the United States. The Company’s Pollo Tropical restaurants offer a wide selection of tropical and Caribbean inspired food. The Taco Cabana restaurants offer a wide selection of fresh Tex-Mex and traditional Mexican food. Fiesta Restaurant Group, Inc. is headquartered in Miami, Florida. “

A number of other equities research analysts have also recently commented on FRGI. BidaskClub cut shares of Fiesta Restaurant Group from a sell rating to a strong sell rating in a report on Sunday, July 16th. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. Piper Jaffray Companies reaffirmed a neutral rating and issued a $17.00 target price (down from $22.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 10th. TheStreet cut shares of Fiesta Restaurant Group from a c- rating to a d+ rating in a report on Thursday, September 7th. Finally, Wedbush reaffirmed a buy rating on shares of Fiesta Restaurant Group in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $21.60.

Shares of Fiesta Restaurant Group (FRGI) traded up $0.30 during trading hours on Thursday, hitting $16.75. 297,705 shares of the stock were exchanged, compared to its average volume of 416,087. Fiesta Restaurant Group has a 1-year low of $15.50 and a 1-year high of $30.65. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $452.28, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.47 and a beta of 0.69.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its earnings results on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The business had revenue of $158.70 million during the quarter, compared to analysts’ expectations of $162.05 million. During the same period in the previous year, the company posted $0.30 earnings per share. Fiesta Restaurant Group’s quarterly revenue was down 12.9% on a year-over-year basis. equities research analysts forecast that Fiesta Restaurant Group will post 0.79 earnings per share for the current fiscal year.

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In other news, Director Brian P. Friedman purchased 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $18.68 per share, with a total value of $747,200.00. Following the completion of the acquisition, the director now directly owns 36,270 shares of the company’s stock, valued at approximately $677,523.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian P. Friedman purchased 51,710 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average cost of $17.36 per share, with a total value of $897,685.60. Following the completion of the acquisition, the director now directly owns 36,270 shares of the company’s stock, valued at $629,647.20. The disclosure for this purchase can be found here. Insiders have purchased 1,050,375 shares of company stock valued at $18,169,213 over the last three months. 2.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FRGI. Wasatch Advisors Inc. raised its holdings in Fiesta Restaurant Group by 11.5% during the second quarter. Wasatch Advisors Inc. now owns 3,572,879 shares of the restaurant operator’s stock worth $73,780,000 after purchasing an additional 368,346 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Fiesta Restaurant Group by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,449,051 shares of the restaurant operator’s stock worth $29,923,000 after purchasing an additional 354,351 shares in the last quarter. Leucadia National Corp raised its holdings in Fiesta Restaurant Group by 34.7% during the second quarter. Leucadia National Corp now owns 1,356,295 shares of the restaurant operator’s stock worth $28,007,000 after purchasing an additional 349,295 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its holdings in Fiesta Restaurant Group by 1,333.5% during the second quarter. Thomson Horstmann & Bryant Inc. now owns 179,764 shares of the restaurant operator’s stock worth $3,712,000 after purchasing an additional 167,224 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in Fiesta Restaurant Group by 110.2% during the second quarter. Prudential Financial Inc. now owns 316,032 shares of the restaurant operator’s stock worth $6,526,000 after purchasing an additional 165,670 shares in the last quarter. 94.26% of the stock is owned by hedge funds and other 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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