Brokerages predict that Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) will announce earnings per share (EPS) of $0.24 for the current quarter, Zacks reports. Three analysts have made estimates for Fiesta Restaurant Group’s earnings, with estimates ranging from $0.21 to $0.27. Fiesta Restaurant Group reported earnings per share of $0.30 in the same quarter last year, which suggests a negative year-over-year growth rate of 20%. The firm is expected to announce its next earnings report on Monday, November 6th.

According to Zacks, analysts expect that Fiesta Restaurant Group will report full year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.91 to $1.03. For the next year, analysts anticipate that the business will post earnings of $1.01 per share, with EPS estimates ranging from $0.73 to $1.13. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Fiesta Restaurant Group.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $178.19 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year.

Several equities analysts recently weighed in on the stock. Piper Jaffray Companies lowered shares of Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $17.00 to $14.00 in a report on Thursday. Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $25.00 target price on shares of Fiesta Restaurant Group in a report on Monday, May 15th. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, BidaskClub lowered shares of Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.33.

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Fiesta Restaurant Group (NASDAQ FRGI) remained flat at $15.90 during mid-day trading on Friday. The company’s stock had a trading volume of 669,550 shares. Fiesta Restaurant Group has a 1-year low of $15.50 and a 1-year high of $30.65. The company’s market capitalization is $426.68 million. The firm has a 50 day moving average of $17.62 and a 200 day moving average of $21.10.

In other news, CEO Richard C. Stockinger purchased 2,750 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $18.30 per share, with a total value of $50,325.00. Following the purchase, the chief executive officer now directly owns 81,985 shares of the company’s stock, valued at approximately $1,500,325.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian P. Friedman purchased 60,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $18.71 per share, for a total transaction of $1,122,600.00. Following the purchase, the director now directly owns 36,270 shares in the company, valued at $678,611.70. The disclosure for this purchase can be found here. Insiders have purchased a total of 928,665 shares of company stock worth $16,751,177 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its stake in Fiesta Restaurant Group by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock worth $110,000 after buying an additional 2,376 shares during the period. Mason Street Advisors LLC increased its position in shares of Fiesta Restaurant Group by 7.7% in the 1st quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock worth $152,000 after purchasing an additional 450 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Fiesta Restaurant Group by 5.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 310 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Fiesta Restaurant Group by 6.5% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 9,220 shares of the restaurant operator’s stock worth $223,000 after purchasing an additional 560 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Fiesta Restaurant Group by 61.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 3,880 shares during the last quarter. 94.09% of the stock is currently 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).

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Earnings History and Estimates for Fiesta Restaurant Group (NASDAQ:FRGI)

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