Fiesta Restaurant Group Lowered to Outperform at Raymond James (FRGI)
Fiesta Restaurant Group (NASDAQ:FRGI) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also 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. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Fiesta Restaurant Group (NASDAQ:FRGI) in a research note to investors on Thursday, July 18th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $39.15.
Fiesta Restaurant Group (NASDAQ:FRGI) traded down 0.96% during mid-day trading on Tuesday, hitting $37.27. The stock had a trading volume of 68,511 shares. Fiesta Restaurant Group has a 52-week low of $12.96 and a 52-week high of $38.84. The stock has a 50-day moving average of $34.25 and a 200-day moving average of $31.74. The company has a market cap of $855.3 million and a price-to-earnings ratio of 55.67.
Fiesta Restaurant Group, Inc (NASDAQ:FRGI) owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana.
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