Fiesta Restaurant Group, Inc. (FRGI) to Release Earnings on Monday
Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) is scheduled to post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Fiesta Restaurant Group to post earnings of $0.25 per share for the quarter.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results 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 negative net margin of 2.75% and a positive return on equity of 11.77%. The business had revenue of $172.62 million for the quarter, compared to analyst estimates of $178.19 million. During the same quarter last year, the business earned $0.34 earnings per share. Fiesta Restaurant Group’s revenue was down 4.9% on a year-over-year basis. On average, analysts expect Fiesta Restaurant Group to post $0.95 EPS for the current fiscal year and $0.94 EPS for the next fiscal year.
Shares of Fiesta Restaurant Group, Inc. (FRGI) opened at 16.65 on Monday. The stock’s 50 day moving average price is $17.57 and its 200-day moving average price is $19.77. Fiesta Restaurant Group, Inc. has a 52-week low of $15.50 and a 52-week high of $30.65. The firm’s market capitalization is $446.80 million.
In related news, Director Brian P. Friedman bought 290,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of $16.06 per share, with a total value of $4,657,400.00. Following the completion of the acquisition, the director now owns 2,152,565 shares in the company, valued at approximately $34,570,193.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian P. Friedman bought 51,710 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average cost of $17.36 per share, with a total value of $897,685.60. Following the completion of the acquisition, the director now owns 36,270 shares of the company’s stock, valued at approximately $629,647.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,271,375 shares of company stock valued at $22,323,743. 2.20% of the stock is currently owned by corporate insiders.
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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).
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