Insider Selling: Fiesta Restaurant Group VP Sells 2,500 Shares of Stock (FRGI)
Fiesta Restaurant Group (NASDAQ:FRGI) VP Joseph A. Zirkman unloaded 2,500 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $47.81, for a total transaction of $119,525.00. Following the completion of the sale, the vice president now directly owns 128,500 shares in the company, valued at approximately $6,143,585. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded down 1.57% during mid-day trading on Tuesday, hitting $48.80. The stock had a trading volume of 117,502 shares. Fiesta Restaurant Group has a one year low of $30.82 and a one year high of $53.08. The stock’s 50-day moving average is $45.44 and its 200-day moving average is $43.46. The company has a market cap of $1.284 billion and a price-to-earnings ratio of 71.86.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings data on Tuesday, August 5th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.01. The company had revenue of $154.20 million for the quarter, compared to the consensus estimate of $155.50 million. Fiesta Restaurant Group’s revenue was up 9.4% compared to the same quarter last year. Analysts expect that Fiesta Restaurant Group will post $1.30 EPS for the current fiscal year.
FRGI has been the subject of a number of recent research reports. Analysts at Raymond James raised their price target on shares of Fiesta Restaurant Group from $48.00 to $52.00 in a research note on Monday, July 14th. Separately, 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.
Fiesta Restaurant Group, Inc (NASDAQ:FRGI) owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana.
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