Fiesta Restaurant Group Inc (FRGI) Receives $21.00 Consensus PT from Analysts

Shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) have been given an average rating of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $21.00.

A number of research firms have recently issued reports on FRGI. ValuEngine raised shares of Fiesta Restaurant Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Thursday, May 10th. TheStreet raised shares of Fiesta Restaurant Group from a “d+” rating to a “c” rating in a research note on Wednesday, May 9th. BidaskClub raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Wedbush reissued an “outperform” rating and issued a $24.00 price target on shares of Fiesta Restaurant Group in a research note on Tuesday, May 8th.

Fiesta Restaurant Group opened at $28.75 on Tuesday, Marketbeat Ratings reports. The company has a market capitalization of $784.86 million, a PE ratio of 47.92, a P/E/G ratio of 3.15 and a beta of 0.48. Fiesta Restaurant Group has a 1 year low of $15.50 and a 1 year high of $29.30. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings results on Monday, May 7th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $169.48 million during the quarter, compared to analysts’ expectations of $163.86 million. Fiesta Restaurant Group had a negative net margin of 2.56% and a positive return on equity of 5.87%. Fiesta Restaurant Group’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. research analysts forecast that Fiesta Restaurant Group will post 0.7 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG grew its holdings in shares of Fiesta Restaurant Group by 129.0% in the fourth quarter. Deutsche Bank AG now owns 108,582 shares of the restaurant operator’s stock valued at $2,061,000 after purchasing an additional 61,163 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Fiesta Restaurant Group by 4.7% in the fourth quarter. BlackRock Inc. now owns 3,475,407 shares of the restaurant operator’s stock valued at $66,032,000 after purchasing an additional 155,965 shares in the last quarter. Oaktree Capital Management LP grew its holdings in shares of Fiesta Restaurant Group by 39.5% in the first quarter. Oaktree Capital Management LP now owns 1,325,000 shares of the restaurant operator’s stock valued at $24,512,000 after purchasing an additional 375,000 shares in the last quarter. Heartland Advisors Inc. acquired a new position in shares of Fiesta Restaurant Group in the first quarter valued at approximately $2,313,000. Finally, Kennedy Capital Management Inc. grew its holdings in shares of Fiesta Restaurant Group by 24.1% in the fourth quarter. Kennedy Capital Management Inc. now owns 305,425 shares of the restaurant operator’s stock valued at $5,803,000 after purchasing an additional 59,401 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc, through its subsidiaries, owns, operates, and franchises fast-casual restaurants. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brands. The company's Pollo Tropical restaurants offer citrus marinated, fire-grilled chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants provide Mexican inspired food made fresh by hand.

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