Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Given Consensus Recommendation of “Hold” by Brokerages

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $12.00.

A number of equities research analysts recently issued reports on FRGI shares. ValuEngine downgraded shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 11th. Raymond James upped their price target on shares of Fiesta Restaurant Group from $13.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, December 2nd. TheStreet raised shares of Fiesta Restaurant Group from a “d” rating to a “c-” rating in a research note on Wednesday, November 11th. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 8th. Finally, BidaskClub downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Friday.

FRGI opened at $11.40 on Friday. The firm has a market cap of $295.50 million, a P/E ratio of -9.05 and a beta of 2.19. Fiesta Restaurant Group has a 1-year low of $2.72 and a 1-year high of $13.67. The company has a 50 day simple moving average of $11.92 and a two-hundred day simple moving average of $9.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.67 and a quick ratio of 0.63.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings results on Wednesday, November 4th. The restaurant operator reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. Fiesta Restaurant Group had a negative net margin of 5.68% and a negative return on equity of 3.24%. The business had revenue of $137.33 million during the quarter, compared to analyst estimates of $137.10 million. Equities analysts anticipate that Fiesta Restaurant Group will post -0.08 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of Fiesta Restaurant Group by 244.4% in the third quarter. BNP Paribas Arbitrage SA now owns 4,574 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 3,246 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Fiesta Restaurant Group in the third quarter valued at $108,000. AQR Capital Management LLC raised its stake in shares of Fiesta Restaurant Group by 46.9% in the second quarter. AQR Capital Management LLC now owns 16,768 shares of the restaurant operator’s stock valued at $107,000 after acquiring an additional 5,353 shares during the period. State of Tennessee Treasury Department raised its stake in shares of Fiesta Restaurant Group by 190.9% in the third quarter. State of Tennessee Treasury Department now owns 20,160 shares of the restaurant operator’s stock valued at $189,000 after acquiring an additional 13,230 shares during the period. Finally, Paloma Partners Management Co raised its stake in shares of Fiesta Restaurant Group by 34.4% in the third quarter. Paloma Partners Management Co now owns 23,653 shares of the restaurant operator’s stock valued at $222,000 after acquiring an additional 6,052 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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 fire-grilled and citrus marinated chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants that provide Mexican inspired food made fresh by hand.

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