Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Brian P. Friedman purchased 40,000 shares of Fiesta Restaurant Group stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $18.68 per share, for a total transaction of $747,200.00. Following the completion of the transaction, the director now directly owns 36,270 shares in the company, valued at approximately $677,523.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fiesta Restaurant Group, Inc. (FRGI) traded down 0.82% during midday trading on Wednesday, hitting $18.20. The company had a trading volume of 327,983 shares. The company’s market cap is $488.40 million. Fiesta Restaurant Group, Inc. has a one year low of $15.60 and a one year high of $30.65. The company’s 50 day moving average is $18.59 and its 200-day moving average is $22.25.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. Fiesta Restaurant Group had a positive return on equity of 11.77% and a negative net margin of 2.75%. The firm had revenue of $172.62 million during the quarter, compared to the consensus estimate of $178.19 million. During the same quarter in the prior year, the business posted $0.34 EPS. Fiesta Restaurant Group’s revenue was down 4.9% compared to the same quarter last year. On average, equities analysts predict that Fiesta Restaurant Group, Inc. will post $1.03 EPS for the current year.

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Several equities analysts recently commented on the company. Jefferies Group LLC reissued a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a research report on Friday, May 5th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. BidaskClub lowered Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Stephens lowered Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 target price on the stock. in a research report on Tuesday, May 9th. Finally, Wedbush reaffirmed a “buy” rating and issued a $28.00 target price on shares of Fiesta Restaurant Group in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.83.

Institutional investors have recently bought and sold shares of the company. Wasatch Advisors Inc. increased its position in Fiesta Restaurant Group by 11.5% in the second quarter. Wasatch Advisors Inc. now owns 3,572,879 shares of the restaurant operator’s stock valued at $73,780,000 after buying an additional 368,346 shares during the period. Vanguard Group Inc. increased its position in Fiesta Restaurant Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,216,833 shares of the restaurant operator’s stock valued at $53,647,000 after buying an additional 77,608 shares during the period. Dimensional Fund Advisors LP increased its position in Fiesta Restaurant Group by 32.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,449,051 shares of the restaurant operator’s stock valued at $29,923,000 after buying an additional 354,351 shares during the period. Leucadia National Corp increased its position in Fiesta Restaurant Group by 34.7% in the second quarter. Leucadia National Corp now owns 1,356,295 shares of the restaurant operator’s stock valued at $28,007,000 after buying an additional 349,295 shares during the period. Finally, State Street Corp increased its position in Fiesta Restaurant Group by 4.8% in the second quarter. State Street Corp now owns 619,008 shares of the restaurant operator’s stock valued at $12,777,000 after buying an additional 28,557 shares during the period. Institutional investors and hedge funds own 91.67% 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).

Insider Buying and Selling by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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