Insider Selling: Brian Friedman Sells 682,183 Shares of Fiesta Restaurant Group Stock (FRGI)
Fiesta Restaurant Group (NASDAQ:FRGI) Director Brian Friedman sold 682,183 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $35.54, for a total transaction of $24,244,783.82. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Fiesta Restaurant Group (NASDAQ:FRGI) in a research note to investors on Tuesday, August 20th. They now have a $40.00 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of Fiesta Restaurant Group (NASDAQ:FRGI) from $44.00 to $39.00 in a research note to investors on Monday, August 12th.
One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.12.
Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded down 1.86% during mid-day trading on Thursday, hitting $34.89. The stock had a trading volume of 316,826 shares. Fiesta Restaurant Group has a one year low of $12.96 and a one year high of $38.84. The stock has a 50-day moving average of $32.67 and a 200-day moving average of $30.45. The company has a market cap of $800.7 million and a price-to-earnings ratio of 52.59.
Fiesta Restaurant Group, Inc (NASDAQ:FRGI) owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana.
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