News coverage about Fiesta Restaurant Group (NASDAQ:FRGI) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fiesta Restaurant Group earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news headlines about the restaurant operator an impact score of 45.9650067151587 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have impacted Accern’s rankings:
Several brokerages have weighed in on FRGI. BidaskClub lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Friday. Wedbush restated an “outperform” rating and set a $24.00 target price (up from $19.00) on shares of Fiesta Restaurant Group in a research report on Friday, December 8th. Finally, Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.60.
Fiesta Restaurant Group (NASDAQ FRGI) opened at $18.35 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.49 and a current ratio of 0.53. The stock has a market cap of $509.24, a P/E ratio of -21.34, a P/E/G ratio of 1.83 and a beta of 0.62. Fiesta Restaurant Group has a one year low of $15.50 and a one year 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 (EPS) for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $162.05 million. During the same period in the previous year, the company posted $0.30 EPS. The business’s quarterly revenue was down 12.9% on a year-over-year basis. research analysts forecast that Fiesta Restaurant Group will post 0.73 EPS for the current fiscal year.
In related news, insider Charles Locke purchased 1,565 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average price of $18.73 per share, with a total value of $29,312.45. Following the completion of the transaction, the insider now owns 1,565 shares of the company’s stock, valued at approximately $29,312.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.
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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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