Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Jack A. Smith purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average cost of $18.10 per share, with a total value of $18,100.00. Following the acquisition, the director now owns 49,041 shares of the company’s stock, valued at approximately $887,642.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ FRGI) traded down 2.20% on Friday, reaching $17.80. The company had a trading volume of 294,352 shares. The firm’s market capitalization is $477.66 million. Fiesta Restaurant Group, Inc. has a 1-year low of $15.60 and a 1-year high of $30.65. The firm has a 50-day moving average price of $18.45 and a 200 day moving average price of $22.19.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $172.62 million for the quarter, compared to analyst estimates of $178.19 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts predict that Fiesta Restaurant Group, Inc. will post $1.03 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of FRGI. Leucadia National Corp bought a new position in shares of Fiesta Restaurant Group during the first quarter valued at about $24,369,000. Wasatch Advisors Inc. increased its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 in the last quarter. Bandera Partners LLC increased its position in shares of Fiesta Restaurant Group by 437.2% in the first quarter. Bandera Partners LLC now owns 397,239 shares of the restaurant operator’s stock valued at $9,613,000 after buying an additional 323,299 shares in the last quarter. Finally, Point72 Europe London LLP bought a new position in shares of Fiesta Restaurant Group during the first quarter valued at about $5,830,000. Hedge funds and other institutional investors own 91.67% of the company’s stock.

FRGI has been the subject of several recent research reports. Zacks Investment Research raised Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Tuesday, May 2nd. BidaskClub cut Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Wedbush reaffirmed a “buy” rating and issued a $28.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Canaccord Genuity reaffirmed a “hold” rating and issued a $25.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, May 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $25.00 price target on shares of Fiesta Restaurant Group in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Fiesta Restaurant Group presently has a consensus rating of “Hold” and an average target price of $24.83.

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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