Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Fiesta Restaurant Group (FRGI) Stock Price
News articles about Fiesta Restaurant Group (NASDAQ:FRGI) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fiesta Restaurant Group earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 46.3215204903568 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Head-To-Head Analysis: Fiesta Restaurant Group (FRGI) versus Papa John’s International (PZZA) (americanbankingnews.com)
- Fiesta Restaurant Group, Inc. Appoints Maria Chang Mayer as Senior Vice President, General Counsel and Secretary – Business Wire (press release) (businesswire.com)
- Fiesta Restaurant Group, Inc. : Appoints Maria Chang Mayer as Senior Vice President, General Counsel and Secretary (4-traders.com)
- Fiesta Restaurant Group, Inc. (FRGI) to Release Earnings on Monday (americanbankingnews.com)
Fiesta Restaurant Group (NASDAQ:FRGI) traded up $0.30 on Friday, hitting $16.85. The stock had a trading volume of 308,942 shares, compared to its average volume of 278,581. Fiesta Restaurant Group has a 12 month low of $15.50 and a 12 month high of $30.65. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $456.47, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its 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). The firm had revenue of $172.62 million during the quarter, compared to the consensus estimate of $178.19 million. Fiesta Restaurant Group had a positive return on equity of 11.77% and a negative net margin of 2.75%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. equities research analysts anticipate that Fiesta Restaurant Group will post 0.95 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on FRGI shares. Zacks Investment Research cut Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. Wedbush reissued a “buy” rating on shares of Fiesta Restaurant Group in a research report on Monday, September 18th. BidaskClub cut Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Piper Jaffray Companies cut Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $17.00 to $14.00 in a research report on Thursday, September 7th. Finally, TheStreet cut Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research report on Thursday, September 7th. Three 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.40.
In other news, Director Brian P. Friedman bought 290,000 shares of Fiesta Restaurant Group stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $16.06 per share, with a total value of $4,657,400.00. Following the completion of the transaction, the director now directly owns 2,152,565 shares in the company, valued at $34,570,193.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard C. Stockinger bought 2,915 shares of Fiesta Restaurant Group stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average cost of $17.15 per share, with a total value of $49,992.25. Following the completion of the transaction, the chief executive officer now owns 84,900 shares of the company’s stock, valued at $1,456,035. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,271,375 shares of company stock valued at $22,323,743. 2.20% of the stock is owned by company insiders.
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).
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