Thomson Horstmann & Bryant Inc. Has $6.05 Million Position in Fiesta Restaurant Group Inc (FRGI)
Thomson Horstmann & Bryant Inc. boosted its position in Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 88.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 318,428 shares of the restaurant operator’s stock after buying an additional 149,888 shares during the period. Thomson Horstmann & Bryant Inc.’s holdings in Fiesta Restaurant Group were worth $6,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Prudential Financial Inc. grew its position in Fiesta Restaurant Group by 110.2% in the 2nd quarter. Prudential Financial Inc. now owns 316,032 shares of the restaurant operator’s stock valued at $6,526,000 after buying an additional 165,670 shares during the last quarter. Virginia Retirement Systems ET AL grew its position in Fiesta Restaurant Group by 203.3% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 64,900 shares of the restaurant operator’s stock valued at $1,233,000 after buying an additional 43,500 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Fiesta Restaurant Group in the 3rd quarter valued at $270,000. Dimensional Fund Advisors LP grew its position in Fiesta Restaurant Group by 32.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,449,051 shares of the restaurant operator’s stock valued at $29,923,000 after buying an additional 354,351 shares during the last quarter. Finally, First Manhattan Co. purchased a new position in Fiesta Restaurant Group in the 3rd quarter valued at $1,837,000. Hedge funds and other institutional investors own 94.10% of the company’s stock.
A number of research firms recently weighed in on FRGI. BidaskClub lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Wedbush reiterated a “buy” rating on shares of Fiesta Restaurant Group in a research report on Monday, September 18th. Finally, 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. Two 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. The stock has a consensus rating of “Hold” and a consensus target price of $22.60.
In related news, insider Charles Locke bought 1,565 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of $18.73 per share, for a total transaction of $29,312.45. Following the transaction, the insider now owns 1,565 shares of the company’s stock, valued at $29,312.45. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.
Shares of Fiesta Restaurant Group Inc (NASDAQ FRGI) opened at $19.30 on Thursday. The company has a market cap of $520.93, a price-to-earnings ratio of -22.44, a price-to-earnings-growth ratio of 1.95 and a beta of 0.76. Fiesta Restaurant Group Inc has a 1 year low of $15.50 and a 1 year high of $28.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.49 and a current ratio of 0.53.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.19). The company had revenue of $158.70 million for the quarter, compared to analysts’ expectations of $162.05 million. Fiesta Restaurant Group had a positive return on equity of 9.49% and a negative net margin of 3.40%. Fiesta Restaurant Group’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. sell-side analysts predict that Fiesta Restaurant Group Inc will post 0.73 earnings per share for the current fiscal year.
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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