Shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) have received a consensus rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $22.60.
Several brokerages have issued reports on FRGI. BidaskClub downgraded Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Wedbush restated a “buy” rating and issued a $19.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, November 7th.
Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded down $0.10 during trading on Wednesday, hitting $19.30. The company’s stock had a trading volume of 188,916 shares, compared to its average volume of 199,876. Fiesta Restaurant Group has a 12 month low of $15.50 and a 12 month high of $27.50. The company has a market capitalization of $525.49, a P/E ratio of -22.44, a P/E/G ratio of 1.84 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.26.
In other news, insider Charles Locke acquired 1,565 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was acquired at an average cost 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Virginia Retirement Systems ET AL grew its holdings in shares of Fiesta Restaurant Group by 203.3% during the third quarter. Virginia Retirement Systems ET AL now owns 64,900 shares of the restaurant operator’s stock worth $1,233,000 after buying an additional 43,500 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Fiesta Restaurant Group by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,520,565 shares of the restaurant operator’s stock worth $28,891,000 after buying an additional 71,514 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of Fiesta Restaurant Group during the third quarter worth about $270,000. First Manhattan Co. bought a new position in shares of Fiesta Restaurant Group during the third quarter worth about $1,837,000. Finally, First Eagle Investment Management LLC bought a new position in shares of Fiesta Restaurant Group during the third quarter worth about $999,000. Institutional investors and hedge funds own 98.11% of the company’s stock.
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About Fiesta Restaurant Group
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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