Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Jack A. Smith purchased 1,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $18.38 per share, with a total value of $18,380.00. Following the acquisition, the director now directly owns 48,041 shares in the company, valued at $882,993.58. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ FRGI) traded down 1.08% during trading on Tuesday, hitting $18.35. The stock had a trading volume of 322,341 shares. The firm’s 50-day moving average is $18.65 and its 200 day moving average is $22.31. The firm’s market cap is $492.42 million. Fiesta Restaurant Group, Inc. has a 52-week low of $15.60 and a 52-week high of $30.65.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings results on Monday, August 7th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. Fiesta Restaurant Group’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. On average, analysts expect that Fiesta Restaurant Group, Inc. will post $1.03 EPS for the current year.

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FRGI has been the subject of several research analyst reports. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Tuesday, May 2nd. BidaskClub cut Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Wedbush reiterated a “buy” rating and issued a $28.00 target price on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Canaccord Genuity reiterated a “hold” rating and issued a $25.00 target price on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $25.00 target price on shares of Fiesta Restaurant Group in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.83.

Large investors have recently bought and sold shares of the stock. Arizona State Retirement System raised its stake in Fiesta Restaurant Group by 0.7% in the second quarter. Arizona State Retirement System now owns 14,100 shares of the restaurant operator’s stock worth $291,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System raised its stake in Fiesta Restaurant Group by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock worth $266,000 after buying an additional 200 shares during the period. Texas Permanent School Fund raised its stake in Fiesta Restaurant Group by 1.4% in the second quarter. Texas Permanent School Fund now owns 19,760 shares of the restaurant operator’s stock worth $408,000 after buying an additional 268 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in 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 buying an additional 310 shares during the period. Finally, Mason Street Advisors LLC raised its stake in Fiesta Restaurant Group by 7.7% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock worth $152,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 91.67% 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).

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

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