Wall Street analysts expect Fiesta Restaurant Group Inc (NASDAQ:FRGI) to post $156.27 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Fiesta Restaurant Group’s earnings, with the highest sales estimate coming in at $156.46 million and the lowest estimate coming in at $156.08 million. Fiesta Restaurant Group posted sales of $171.31 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.8%. The company is scheduled to report its next earnings report after the market closes on Monday, February 26th.
On average, analysts expect that Fiesta Restaurant Group will report full year sales of $156.27 million for the current year, with estimates ranging from $661.20 million to $666.00 million. For the next year, analysts forecast that the firm will post sales of $672.01 million per share, with estimates ranging from $665.57 million to $683.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Fiesta Restaurant Group.
Fiesta Restaurant Group (NASDAQ:FRGI) last released 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). The firm 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 for the quarter was down 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share.
FRGI has been the topic of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $24.00 price objective (up from $19.00) on shares of Fiesta Restaurant Group in a research note on Friday, December 8th. Zacks Investment Research raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, BidaskClub raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Two equities research 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. The stock presently has a consensus rating of “Hold” and an average target price of $22.60.
In related news, insider Charles Locke purchased 1,565 shares of Fiesta Restaurant Group stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average cost of $18.73 per share, with a total value of $29,312.45. Following 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 at this link. Insiders own 2.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Worth Venture Partners LLC lifted its position in Fiesta Restaurant Group by 55.6% during the 4th quarter. Worth Venture Partners LLC now owns 37,800 shares of the restaurant operator’s stock worth $718,000 after acquiring an additional 13,500 shares in the last quarter. First Manhattan Co. increased its holdings in Fiesta Restaurant Group by 4.7% during the 4th quarter. First Manhattan Co. now owns 101,290 shares of the restaurant operator’s stock worth $1,924,000 after purchasing an additional 4,590 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Fiesta Restaurant Group by 22.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 188,497 shares of the restaurant operator’s stock worth $3,582,000 after purchasing an additional 34,078 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its holdings in Fiesta Restaurant Group by 88.9% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 318,428 shares of the restaurant operator’s stock worth $6,050,000 after purchasing an additional 149,888 shares during the last quarter. Finally, Newtyn Management LLC purchased a new stake in Fiesta Restaurant Group during the 3rd quarter worth approximately $19,000,000. 97.10% of the stock is currently owned by hedge funds and other institutional investors.
Fiesta Restaurant Group (FRGI) traded up $0.60 during midday trading on Friday, hitting $18.25. The stock had a trading volume of 358,412 shares, compared to its average volume of 209,444. The firm has a market cap of $491.32, a price-to-earnings ratio of -21.22, a P/E/G ratio of 1.74 and a beta of 0.62. Fiesta Restaurant Group has a fifty-two week low of $15.50 and a fifty-two week high of $28.85. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.26.
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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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