Insider Selling: Michael E. Conner Unloads 2,600 Shares of Frisch’s Restaurants Stock (FRS)
Frisch’s Restaurants (NYSE:FRS) VP Michael E. Conner sold 2,600 shares of Frisch’s Restaurants stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.30, for a total transaction of $68,380.00. Following the sale, the vice president now directly owns 5,649 shares of the company’s stock, valued at approximately $148,569. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Frisch’s Restaurants (NYSE:FRS) traded up 0.61% during mid-day trading on Thursday, hitting $26.31. 644 shares of the company’s stock traded hands. Frisch’s Restaurants has a one year low of $15.76 and a one year high of $27.25. The stock has a 50-day moving average of $24.93 and a 200-day moving average of $22.57. The company has a market cap of $135.2 million and a P/E ratio of 16.04.
Frisch’s Restaurants (NYSE:FRS) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.11. The company had revenue of $49.22 million for the quarter, compared to the consensus estimate of $48.52 million. On average, analysts predict that Frisch’s Restaurants will post $1.47 earnings per share for the current fiscal year.
Separately, analysts at Thomson Reuters/Verus downgraded shares of Frisch’s Restaurants from a “buy” rating to a “hold” rating in a research note to investors on Monday.
Frisch’s Restaurants, Inc, is a regional company that operates service family-style restaurants under the name Frisch’s Big Boy.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.