Fiesta Restaurant Group CEO Unloads $947,320 in Stock (FRGI)
Fiesta Restaurant Group (NASDAQ:FRGI) CEO Timothy P. Taft sold 22,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $947,320.00. Following the completion of the sale, the chief executive officer now directly owns 201,558 shares of the company’s stock, valued at approximately $8,679,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Fiesta Restaurant Group (NASDAQ:FRGI) traded down 2.88% on Thursday, hitting $42.22. The stock had a trading volume of 382,092 shares. Fiesta Restaurant Group has a 52 week low of $30.53 and a 52 week high of $53.08. The stock has a 50-day moving average of $38.84 and a 200-day moving average of $44.5. The company has a market cap of $1.108 billion and a price-to-earnings ratio of 81.25.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $145.40 million for the quarter, compared to the consensus estimate of $147.95 million. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts expect that Fiesta Restaurant Group will post $1.28 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Fiesta Restaurant Group from an “outperform” rating to a “strong-buy” rating in a research note on Friday, May 16th. They now have a $48.00 price target on the stock, down previously from $60.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Fiesta Restaurant Group in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $47.93.
Fiesta Restaurant Group, Inc (NASDAQ:FRGI) owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana.
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