Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Sunday.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a report on Monday, May 15th. Canaccord Genuity reiterated a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Wedbush reiterated a “buy” rating and set a $28.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Finally, Stephens downgraded 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 report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.17.

Fiesta Restaurant Group (NASDAQ:FRGI) remained flat at $18.25 during mid-day trading on Friday. The stock had a trading volume of 244,105 shares. The firm has a 50 day moving average price of $21.73 and a 200-day moving average price of $24.58. The company’s market cap is $488.86 million. Fiesta Restaurant Group has a 12 month low of $18.05 and a 12 month high of $30.65.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued 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. The firm had revenue of $175.60 million for the quarter, compared to the consensus estimate of $177.63 million. Fiesta Restaurant Group had a negative net margin of 1.16% and a positive return on equity of 12.01%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, equities research analysts forecast that Fiesta Restaurant Group will post $1.14 earnings per share for the current fiscal year.

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In other Fiesta Restaurant Group news, Director Brian P. Friedman purchased 12,087 shares of the stock in a transaction dated Wednesday, May 10th. The stock was purchased at an average price of $22.02 per share, with a total value of $266,155.74. Following the transaction, the director now owns 32,681 shares of the company’s stock, valued at $719,635.62. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brian P. Friedman purchased 309,115 shares of the stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of $21.12 per share, with a total value of $6,528,508.80. Following the transaction, the director now directly owns 36,270 shares in the company, valued at approximately $766,022.40. The disclosure for this purchase can be found here. Insiders acquired a total of 351,595 shares of company stock worth $7,451,569 over the last 90 days. Insiders own 2.20% of the company’s stock.

Several large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Fiesta Restaurant Group by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 2,376 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Fiesta Restaurant Group by 7.7% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 450 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Fiesta Restaurant Group during the first quarter valued at $202,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Fiesta Restaurant Group by 6.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 9,220 shares of the restaurant operator’s stock valued at $223,000 after buying an additional 560 shares during the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in shares of Fiesta Restaurant Group during the fourth quarter valued at $225,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Fiesta Restaurant Group Company Profile

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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