Fiesta Restaurant Group, Inc. (FRGI) Position Raised by Worth Venture Partners LLC

Worth Venture Partners LLC increased its position in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 36.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,300 shares of the restaurant operator’s stock after purchasing an additional 6,500 shares during the quarter. Worth Venture Partners LLC owned 0.09% of Fiesta Restaurant Group worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan lifted its position in Fiesta Restaurant Group by 59.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 10,160 shares of the restaurant operator’s stock worth $193,000 after purchasing an additional 3,800 shares during the period. First Eagle Investment Management LLC bought a new stake in Fiesta Restaurant Group during the third quarter worth about $999,000. BNP Paribas Arbitrage SA lifted its position in Fiesta Restaurant Group by 37.9% during the third quarter. BNP Paribas Arbitrage SA now owns 14,096 shares of the restaurant operator’s stock worth $268,000 after purchasing an additional 3,871 shares during the period. Prudential Financial Inc. lifted its position in Fiesta Restaurant Group by 6.0% during the third quarter. Prudential Financial Inc. now owns 335,092 shares of the restaurant operator’s stock worth $6,367,000 after purchasing an additional 19,060 shares during the period. Finally, First Manhattan Co. bought a new stake in Fiesta Restaurant Group during the third quarter worth about $1,837,000. 94.35% of the stock is owned by institutional investors and hedge funds.

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FRGI has been the subject of several recent analyst reports. Wedbush reaffirmed a “buy” rating on shares of Fiesta Restaurant Group in a research report on Monday, September 18th. 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. Piper Jaffray Companies cut shares of Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $17.00 to $14.00 in a research report on Thursday, September 7th. TheStreet downgraded Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Fiesta Restaurant Group presently has a consensus rating of “Hold” and an average target price of $21.60.

Fiesta Restaurant Group, Inc. (NASDAQ FRGI) traded up $0.20 during trading on Tuesday, hitting $16.95. The stock had a trading volume of 291,800 shares, compared to its average volume of 415,520. Fiesta Restaurant Group, Inc. has a one year low of $15.50 and a one year high of $30.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.49. The firm has a market capitalization of $453.71, a P/E ratio of 19.03, a P/E/G ratio of 1.52 and a beta of 0.69.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.19). Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The firm had revenue of $158.70 million during the quarter, compared to analyst estimates of $162.05 million. During the same period in the prior year, the company earned $0.30 EPS. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. equities research analysts predict that Fiesta Restaurant Group, Inc. will post 0.79 EPS for the current fiscal year.

In related news, Director Brian P. Friedman bought 110,000 shares of Fiesta Restaurant Group stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $18.01 per share, for a total transaction of $1,981,100.00. Following the completion of the acquisition, the director now directly owns 36,270 shares of the company’s stock, valued at approximately $653,222.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian P. Friedman purchased 140,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $18.41 per share, for a total transaction of $2,577,400.00. Following the completion of the acquisition, the director now directly owns 36,270 shares in the company, valued at approximately $667,730.70. The disclosure for this purchase can be found here. Insiders bought 1,009,375 shares of company stock valued at $17,403,633 in the last ninety days. 2.20% of the stock is currently owned by 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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Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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