Fiesta Restaurant Group Inc (NASDAQ:FRGI) – Equities researchers at Wedbush dropped their FY2018 earnings per share (EPS) estimates for Fiesta Restaurant Group in a research report issued to clients and investors on Tuesday, November 6th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.61 for the year, down from their previous forecast of $0.77. Wedbush currently has a “Outperform” rating and a $28.00 target price on the stock. Wedbush also issued estimates for Fiesta Restaurant Group’s Q2 2019 earnings at $0.35 EPS and FY2019 earnings at $0.79 EPS.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday, August 8th. BidaskClub cut shares of Fiesta Restaurant Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, ValuEngine cut shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.00.
Shares of Fiesta Restaurant Group stock opened at $20.05 on Friday. Fiesta Restaurant Group has a 52-week low of $16.35 and a 52-week high of $30.88. The firm has a market capitalization of $536.69 million, a PE ratio of 33.42 and a beta of 0.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.90 and a quick ratio of 0.69.
Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Monday, November 5th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.08). Fiesta Restaurant Group had a net margin of 0.73% and a return on equity of 5.87%. The business had revenue of $174.65 million during the quarter, compared to analysts’ expectations of $173.40 million. During the same period last year, the company posted $0.06 EPS. Fiesta Restaurant Group’s revenue for the quarter was up 10.1% on a year-over-year basis.
In other news, major shareholder Jefferies Financial Group Inc. purchased 262,710 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was acquired at an average price of $19.33 per share, with a total value of $5,078,184.30. Following the transaction, the insider now directly owns 3,533,288 shares of the company’s stock, valued at approximately $68,298,457.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in FRGI. Thomson Horstmann & Bryant Inc. boosted its stake in shares of Fiesta Restaurant Group by 12.0% during the third quarter. Thomson Horstmann & Bryant Inc. now owns 459,304 shares of the restaurant operator’s stock valued at $12,286,000 after purchasing an additional 49,232 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Fiesta Restaurant Group during the third quarter valued at $581,000. First Mercantile Trust Co. boosted its stake in shares of Fiesta Restaurant Group by 23.6% during the third quarter. First Mercantile Trust Co. now owns 18,354 shares of the restaurant operator’s stock valued at $491,000 after purchasing an additional 3,504 shares during the period. Prudential Financial Inc. boosted its stake in shares of Fiesta Restaurant Group by 23.1% during the third quarter. Prudential Financial Inc. now owns 56,082 shares of the restaurant operator’s stock valued at $1,500,000 after purchasing an additional 10,510 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Fiesta Restaurant Group during the third quarter valued at $136,000.
About Fiesta Restaurant Group
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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