Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Brian P. Friedman acquired 110,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $18.01 per share, for a total transaction of $1,981,100.00. Following the completion of the transaction, the director now owns 36,270 shares of the company’s stock, valued at approximately $653,222.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) traded up 0.28% on Monday, reaching $17.85. 290,759 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $18.37 and a 200 day moving average price of $22.13. Fiesta Restaurant Group, Inc. has a one year low of $15.60 and a one year high of $30.65. The firm’s market cap is $479.00 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 earnings per share (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 period in the previous year, the firm earned $0.34 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. Analysts expect that Fiesta Restaurant Group, Inc. will post $1.03 EPS for the current fiscal year.

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Several research analysts recently weighed in on the stock. Piper Jaffray Companies restated a “neutral” rating and issued a $17.00 price objective (down from $22.00) on shares of Fiesta Restaurant Group in a research report on Thursday, August 10th. Stephens cut shares of Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective on the stock. in a research report on Tuesday, May 9th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and issued a $25.00 price objective on shares of Fiesta Restaurant Group in a research report on Monday, May 15th. Finally, Zacks Investment Research cut shares of Fiesta Restaurant Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.83.

A number of hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in Fiesta Restaurant Group by 1.7% in the first quarter. Legal & General Group Plc now owns 46,910 shares of the restaurant operator’s stock valued at $1,134,000 after buying an additional 762 shares in the last quarter. Ameriprise Financial Inc. increased its position in Fiesta Restaurant Group by 4.2% in the first quarter. Ameriprise Financial Inc. now owns 141,566 shares of the restaurant operator’s stock valued at $3,426,000 after buying an additional 5,711 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Fiesta Restaurant Group during the first quarter valued at $202,000. Point72 Europe London LLP bought a new position in Fiesta Restaurant Group during the first quarter valued at $5,830,000. Finally, Guggenheim Capital LLC bought a new position in Fiesta Restaurant Group during the fourth quarter valued at $225,000. 91.67% of the stock is currently owned by institutional investors and hedge funds.

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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