Worth Venture Partners LLC lifted its stake in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 36.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,300 shares of the restaurant operator’s stock after purchasing an additional 6,500 shares during the period. Worth Venture Partners LLC owned approximately 0.09% of Fiesta Restaurant Group worth $461,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Wasatch Advisors Inc. lifted its holdings in Fiesta Restaurant Group by 11.5% in the second quarter. Wasatch Advisors Inc. now owns 3,572,879 shares of the restaurant operator’s stock valued at $73,780,000 after buying an additional 368,346 shares during the period. Vanguard Group Inc. lifted its holdings in Fiesta Restaurant Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,216,833 shares of the restaurant operator’s stock valued at $53,647,000 after buying an additional 77,608 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Fiesta Restaurant Group by 32.4% in 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 buying an additional 354,351 shares during the period. Leucadia National Corp increased its stake in Fiesta Restaurant Group by 34.7% in 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. Finally, State Street Corp increased its stake in Fiesta Restaurant Group by 4.8% in the second quarter. State Street Corp now owns 619,008 shares of the restaurant operator’s stock valued at $12,777,000 after purchasing an additional 28,557 shares in the last quarter. Institutional investors own 92.18% of the company’s stock.
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In other news, CEO Richard C. Stockinger bought 2,915 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were purchased at an average cost of $17.15 per share, with a total value of $49,992.25. Following the acquisition, the chief executive officer now directly owns 84,900 shares in the company, valued at $1,456,035. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian P. Friedman bought 50,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was purchased at an average cost of $17.22 per share, for a total transaction of $861,000.00. Following the completion of the acquisition, the director now owns 36,270 shares in the company, valued at $624,569.40. The disclosure for this purchase can be found here. Insiders acquired a total of 665,625 shares of company stock valued at $11,186,408 in the last quarter. Corporate insiders own 2.20% of the company’s stock.
Fiesta Restaurant Group, Inc. (FRGI) traded down $0.15 during midday trading on Thursday, hitting $17.80. 158,000 shares of the stock were exchanged, compared to its average volume of 410,792. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.26. The firm has a market cap of $486.21, a PE ratio of 20.40, a PEG ratio of 1.73 and a beta of 0.69. Fiesta Restaurant Group, Inc. has a one year low of $15.50 and a one year high of $30.65.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.19). Fiesta Restaurant Group had a positive return on equity of 9.49% and a negative net margin of 3.40%. The business had revenue of $158.70 million during the quarter, compared to analyst estimates of $162.05 million. During the same quarter last year, the firm earned $0.30 EPS. Fiesta Restaurant Group’s revenue for the quarter was down 12.9% compared to the same quarter last year. equities analysts anticipate that Fiesta Restaurant Group, Inc. will post 0.74 EPS for the current fiscal year.
FRGI has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Piper Jaffray Companies reissued a “neutral” rating and set a $17.00 price objective (down previously from $22.00) on shares of Fiesta Restaurant Group in a research report on Thursday, August 10th. TheStreet downgraded shares of Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research report on Thursday, September 7th. Finally, Wedbush reissued a “buy” rating on shares of Fiesta Restaurant Group in a research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $21.60.
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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