Thomson Horstmann & Bryant Inc. grew its stake in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 88.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,428 shares of the restaurant operator’s stock after purchasing an additional 149,888 shares during the quarter. Thomson Horstmann & Bryant Inc. owned approximately 1.18% of Fiesta Restaurant Group worth $6,050,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its holdings in Fiesta Restaurant Group by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 142,096 shares of the restaurant operator’s stock worth $2,934,000 after purchasing an additional 530 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in Fiesta Restaurant Group by 6.3% during the second quarter. Thrivent Financial For Lutherans now owns 16,270 shares of the restaurant operator’s stock worth $336,000 after purchasing an additional 970 shares in the last quarter. Rhumbline Advisers raised its holdings in Fiesta Restaurant Group by 2.3% during the second quarter. Rhumbline Advisers now owns 51,779 shares of the restaurant operator’s stock worth $1,069,000 after purchasing an additional 1,168 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Fiesta Restaurant Group by 0.6% during the second quarter. Principal Financial Group Inc. now owns 205,851 shares of the restaurant operator’s stock worth $4,251,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Fiesta Restaurant Group by 12.1% during the second quarter. Voya Investment Management LLC now owns 13,014 shares of the restaurant operator’s stock worth $269,000 after purchasing an additional 1,402 shares in the last quarter. 94.10% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $24.00 price objective (up previously from $19.00) on shares of Fiesta Restaurant Group in a report on Friday, December 8th. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BidaskClub cut shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.60.
In other Fiesta Restaurant Group news, insider Charles Locke bought 1,565 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average cost of $18.73 per share, with a total value of $29,312.45. Following the acquisition, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $29,312.45. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.
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 PEG 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 current ratio of 0.53 and a quick ratio of 0.49.
Fiesta Restaurant Group (NASDAQ:FRGI) last announced its earnings results on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The business had revenue of $158.70 million during the quarter, compared to analyst estimates of $162.05 million. Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The business’s revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. analysts predict that Fiesta Restaurant Group Inc will post 0.73 earnings per share for the current fiscal year.
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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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