Insider Selling: Fiesta Restaurant Group CEO Unloads 2,000 Shares of Stock (FRGI)
Fiesta Restaurant Group (NASDAQ:FRGI) CEO Timothy P. Taft sold 2,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $48.78, for a total value of $97,560.00. Following the transaction, the chief executive officer now directly owns 199,558 shares in the company, valued at approximately $9,734,439. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on FRGI. 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 (NASDAQ:FRGI) traded up 1.11% on Wednesday, hitting $49.27. 144,466 shares of the company’s stock traded hands. Fiesta Restaurant Group has a 52-week low of $30.82 and a 52-week high of $53.08. The stock’s 50-day moving average is $45.65 and its 200-day moving average is $43.54. The company has a market cap of $1.297 billion and a P/E ratio of 70.62.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that Fiesta Restaurant Group will post $1.30 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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