Fiesta Restaurant Group Given Average Recommendation of “Buy” by Brokerages (NASDAQ:FRGI)
Fiesta Restaurant Group (NASDAQ:FRGI) has received a consensus recommendation of “Buy” from the seven brokerages that are presently covering the company, AnalystRatings.NET reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $49.74.
Several analysts have recently commented on the stock. Analysts at Longbow Research initiated coverage on shares of Fiesta Restaurant Group in a research note on Thursday. They set a “buy” rating and a $57.00 price target on the stock. Separately, 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 Raymond James upgraded shares of Fiesta Restaurant Group from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 8th. They now have a $48.00 price target on the stock, down previously from $60.00.
Fiesta Restaurant Group (NASDAQ:FRGI) traded down 0.48% during mid-day trading on Thursday, hitting $45.67. 49,235 shares of the company’s stock traded hands. Fiesta Restaurant Group has a one year low of $30.53 and a one year high of $53.08. The stock’s 50-day moving average is $40.78 and its 200-day moving average is $44.23. The company has a market cap of $1.199 billion and a price-to-earnings ratio of 85.78.
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.
Fiesta Restaurant Group, Inc (NASDAQ:FRGI) owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana.
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