Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) have received an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.60.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, May 2nd. Wedbush restated a “buy” rating and issued a $28.00 price target on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. Stephens lowered shares of Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price target on the stock. in a research note on Tuesday, May 9th. Jefferies Group LLC reiterated a “hold” rating and set a $25.00 price objective on shares of Fiesta Restaurant Group in a research note on Friday, May 5th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $25.00 price objective on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th.

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Fiesta Restaurant Group (FRGI) traded down 0.77% during trading on Tuesday, reaching $19.25. The company’s stock had a trading volume of 519,678 shares. The stock’s market capitalization is $515.65 million. The firm has a 50 day moving average of $21.73 and a 200 day moving average of $24.58. Fiesta Restaurant Group has a 52 week low of $18.60 and a 52 week high of $30.65.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, May 8th. The restaurant operator reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by $0.05. Fiesta Restaurant Group had a negative net margin of 1.16% and a positive return on equity of 12.01%. The firm had revenue of $175.60 million during the quarter, compared to analyst estimates of $177.63 million. During the same quarter in the previous year, the business posted $0.37 EPS. Fiesta Restaurant Group’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts expect that Fiesta Restaurant Group will post $1.14 EPS for the current year.

In other Fiesta Restaurant Group news, Director Brian P. Friedman bought 28,093 shares of Fiesta Restaurant Group stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $21.65 per share, for a total transaction of $608,213.45. Following the completion of the acquisition, the director now owns 32,681 shares of the company’s stock, valued at approximately $707,543.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Barry J. Alperin bought 2,300 shares of Fiesta Restaurant Group stock in a transaction that occurred on Thursday, June 8th. The shares were acquired at an average price of $21.17 per share, with a total value of $48,691.00. Following the completion of the acquisition, the director now directly owns 19,166 shares of the company’s stock, valued at approximately $405,744.22. The disclosure for this purchase can be found here. Insiders have purchased 351,595 shares of company stock worth $7,451,569 in the last quarter. Company insiders own 2.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of FRGI. Macquarie Group Ltd. boosted its stake in shares of Fiesta Restaurant Group by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 608,159 shares of the restaurant operator’s stock worth $18,154,000 after buying an additional 42,396 shares during the last quarter. Comerica Bank boosted its stake in shares of Fiesta Restaurant Group by 3.0% in the fourth quarter. Comerica Bank now owns 28,540 shares of the restaurant operator’s stock worth $789,000 after buying an additional 824 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Fiesta Restaurant Group during the first quarter worth $202,000. Guggenheim Capital LLC acquired a new stake in shares of Fiesta Restaurant Group during the fourth quarter worth $225,000. Finally, Chartwell Investment Partners LLC boosted its stake in shares of Fiesta Restaurant Group by 58.7% in the first quarter. Chartwell Investment Partners LLC now owns 175,458 shares of the restaurant operator’s stock worth $4,246,000 after buying an additional 64,933 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Fiesta Restaurant Group

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

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