Thomson Horstmann & Bryant Inc. grew its position in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 88.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318,428 shares of the restaurant operator’s stock after acquiring an additional 149,888 shares during the period. Thomson Horstmann & Bryant Inc. owned about 1.18% of Fiesta Restaurant Group worth $6,050,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Fiesta Restaurant Group by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 142,096 shares of the restaurant operator’s stock valued at $2,934,000 after acquiring an additional 530 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in Fiesta Restaurant Group by 6.3% in the second quarter. Thrivent Financial For Lutherans now owns 16,270 shares of the restaurant operator’s stock worth $336,000 after buying an additional 970 shares in the last quarter. Rhumbline Advisers raised its stake in Fiesta Restaurant Group by 2.3% in the second quarter. Rhumbline Advisers now owns 51,779 shares of the restaurant operator’s stock worth $1,069,000 after buying an additional 1,168 shares in the last quarter. Principal Financial Group Inc. raised its stake in Fiesta Restaurant Group by 0.6% in the second quarter. Principal Financial Group Inc. now owns 205,851 shares of the restaurant operator’s stock worth $4,251,000 after buying an additional 1,231 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Fiesta Restaurant Group by 12.1% in the second quarter. Voya Investment Management LLC now owns 13,014 shares of the restaurant operator’s stock worth $269,000 after buying an additional 1,402 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on FRGI. BidaskClub raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Wedbush reissued an “outperform” rating and issued a $24.00 price target (up from $19.00) on shares of Fiesta Restaurant Group in a research note on Friday, December 8th. Finally, Zacks Investment Research raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note 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 company presently has a consensus rating of “Hold” and an average price target of $22.60.
Fiesta Restaurant Group Inc (FRGI) traded down $0.45 during mid-day trading on Friday, reaching $18.35. 216,764 shares of the company were exchanged, compared to its average volume of 200,169. The company has a market capitalization of $494.01, a P/E ratio of -21.34, a P/E/G ratio of 1.87 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.26. Fiesta Restaurant Group Inc has a 12 month low of $15.50 and a 12 month high of $28.85.
Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.19). The business had revenue of $158.70 million during 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. equities research analysts anticipate that Fiesta Restaurant Group Inc will post 0.73 earnings per share for the current year.
In other Fiesta Restaurant Group news, insider Charles Locke acquired 1,565 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were acquired at an average price of $18.73 per share, for a total transaction of $29,312.45. Following the completion of the acquisition, the insider now owns 1,565 shares in the company, valued at $29,312.45. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
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Fiesta Restaurant Group 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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