Zacks: Analysts Expect Fiesta Restaurant Group, Inc. (FRGI) to Announce $0.23 EPS
Equities analysts expect Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) to report earnings of $0.23 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Fiesta Restaurant Group’s earnings, with estimates ranging from $0.17 to $0.27. Fiesta Restaurant Group posted earnings of $0.30 per share during the same quarter last year, which would indicate a negative year over year growth rate of 23.3%. The business is scheduled to report its next earnings report after the market closes on Monday, November 6th.
According to Zacks, analysts expect that Fiesta Restaurant Group will report full year earnings of $0.95 per share for the current year, with EPS estimates ranging from $0.91 to $1.03. For the next year, analysts anticipate that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.73 to $1.07. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fiesta Restaurant Group.
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 Zacks’ 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 the consensus estimate of $178.19 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. Fiesta Restaurant Group’s revenue was down 4.9% on a year-over-year basis.
Several equities research analysts have recently weighed in on FRGI shares. Wedbush reaffirmed a “buy” rating on shares of Fiesta Restaurant Group in a research report on Monday, September 18th. TheStreet cut shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research report on Thursday, September 7th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. Piper Jaffray Companies reissued a “neutral” rating and set a $17.00 target price (down previously from $22.00) on shares of Fiesta Restaurant Group in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, six have given 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 target price of $23.40.
In other Fiesta Restaurant Group news, Director Brian P. Friedman acquired 51,710 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average price of $17.36 per share, for a total transaction of $897,685.60. Following the completion of the purchase, the director now directly owns 36,270 shares of the company’s stock, valued at $629,647.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard C. Stockinger acquired 2,750 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of $18.30 per share, for a total transaction of $50,325.00. Following the purchase, the chief executive officer now directly owns 81,985 shares of the company’s stock, valued at $1,500,325.50. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,271,375 shares of company stock valued at $22,323,743. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in FRGI. Wasatch Advisors Inc. lifted 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 valued at $73,780,000 after purchasing an additional 368,346 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $29,923,000 after purchasing an additional 354,351 shares in the last quarter. Leucadia National Corp lifted 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 valued at $28,007,000 after purchasing an additional 349,295 shares in the last quarter. Thomson Horstmann & Bryant Inc. lifted 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 valued at $3,712,000 after purchasing an additional 167,224 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Fiesta Restaurant Group by 110.2% in the second quarter. Prudential Financial Inc. now owns 316,032 shares of the restaurant operator’s stock worth $6,526,000 after buying an additional 165,670 shares in the last quarter. Institutional investors own 94.26% of the company’s stock.
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Shares of Fiesta Restaurant Group (NASDAQ FRGI) opened at $16.85 on Monday. Fiesta Restaurant Group has a 52-week low of $15.50 and a 52-week high of $30.65. The firm has a market cap of $456.46, a P/E ratio of 15.05, a PEG ratio of 1.26 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.52 and a quick ratio of 0.48.
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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