Somewhat Positive Press Coverage Somewhat Unlikely to Impact Fiesta Restaurant Group (FRGI) Share Price
News coverage about Fiesta Restaurant Group (NASDAQ:FRGI) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of 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 0.10 on Accern’s scale. Accern also assigned press coverage about the restaurant operator an impact score of 44.4981998139737 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Contrasting Potbelly Corporation (PBPB) & Fiesta Restaurant Group (FRGI) (americanbankingnews.com)
- $163.15 Million in Sales Expected for Fiesta Restaurant Group, Inc. (FRGI) This Quarter (americanbankingnews.com)
- Critical Survey: Fiesta Restaurant Group (FRGI) & Its Competitors (americanbankingnews.com)
- Interesting FRGI Put And Call Options For November 17th (thestreet.com)
- Consensus score reveals Buy position in Services Stock: Fiesta Restaurant Group, Inc. (FRGI) – Street Observer (press release) (streetobserver.com)
Several research analysts recently commented on the stock. TheStreet lowered shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a report on Thursday, September 7th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. Wedbush restated a “buy” rating on shares of Fiesta Restaurant Group in a report on Monday, September 18th. BidaskClub lowered shares of Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Finally, Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.33.
Fiesta Restaurant Group (FRGI) traded up 0.26% during mid-day trading on Friday, hitting $19.00. 663,381 shares of the stock were exchanged. The company has a 50 day moving average price of $17.56 and a 200 day moving average price of $20.72. Fiesta Restaurant Group has a 52 week low of $15.50 and a 52 week high of $30.65. The stock’s market cap is $509.87 million.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, August 7th. The restaurant operator reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Fiesta Restaurant Group had a positive return on equity of 11.77% and a negative net margin of 2.75%. The company had revenue of $172.62 million during the quarter, compared to analyst estimates of $178.19 million. During the same quarter last year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. Analysts expect that Fiesta Restaurant Group will post $1.00 EPS for the current fiscal year.
In related news, CEO Richard C. Stockinger bought 2,750 shares of Fiesta Restaurant Group stock in a transaction that occurred 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 acquisition, the chief executive officer now owns 81,985 shares in the company, valued at $1,500,325.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian P. Friedman bought 51,710 shares of Fiesta Restaurant Group stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average price of $17.36 per share, with a total value of $897,685.60. Following the completion of the acquisition, the director now owns 36,270 shares in the company, valued at approximately $629,647.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,271,375 shares of company stock valued at $22,323,743. Corporate insiders own 2.20% of the company’s stock.
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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).
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