Fiesta Restaurant Group Given New $52.00 Price Target at Raymond James (FRGI)
Equities researchers at Raymond James raised their price target on shares of Fiesta Restaurant Group (NASDAQ:FRGI) from $48.00 to $52.00 in a research report issued on Monday. Raymond James’ target price indicates a potential upside of 14.74% from the company’s current price.
A number of other analysts have also recently weighed in on FRGI. Analysts at Longbow Research initiated coverage on shares of Fiesta Restaurant Group in a research note on Thursday, June 26th. They set a “buy” rating and a $57.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Fiesta Restaurant Group in a research note on Wednesday, May 7th. Finally, analysts at Piper Jaffray raised their price target on shares of Fiesta Restaurant Group to $52.00 in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Fiesta Restaurant Group presently has a consensus rating of “Buy” and a consensus price target of $53.18.
Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded up 1.80% during mid-day trading on Monday, hitting $45.32. 292,582 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 $43.6 and its 200-day moving average is $44.07. The company has a market cap of $1.189 billion and a P/E ratio of 83.21.
Fiesta Restaurant Group (NASDAQ:FRGI) last announced its 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. On average, analysts predict that Fiesta Restaurant Group will post $1.29 earnings per share 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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