Fiesta Restaurant Group, Inc. (NASDAQ:FRGI)‘s stock had its “buy” rating reaffirmed by analysts at Wedbush in a research report issued on Tuesday. They presently have a $19.00 target price on the restaurant operator’s stock. Wedbush’s target price points to a potential upside of 11.11% from the company’s current price.

Several other equities analysts also recently issued reports on the company. TheStreet downgraded Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research report on Thursday, September 7th. Piper Jaffray Companies downgraded Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $17.00 to $14.00 in a research report on Thursday, September 7th. Zacks Investment Research downgraded Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. Finally, BidaskClub downgraded Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.60.

Fiesta Restaurant Group (FRGI) traded up $0.25 during midday trading on Tuesday, hitting $17.10. The company had a trading volume of 327,972 shares, compared to its average volume of 316,129. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.48 and a current ratio of 0.52. Fiesta Restaurant Group has a 52-week low of $15.50 and a 52-week high of $30.65. The firm has a market cap of $436.13, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, November 6th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.19). Fiesta Restaurant Group had a negative net margin of 2.75% and a positive return on equity of 11.77%. The firm had revenue of $158.70 million during the quarter, compared to analyst estimates of $162.05 million. During the same period in the previous year, the company earned $0.30 earnings per share. Fiesta Restaurant Group’s revenue was down 12.9% on a year-over-year basis. sell-side analysts predict that Fiesta Restaurant Group will post 0.95 earnings per share for the current year.

WARNING: “Fiesta Restaurant Group’s (FRGI) Buy Rating Reaffirmed at Wedbush” was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/11/07/fiesta-restaurant-groups-frgi-buy-rating-reaffirmed-at-wedbush.html.

In other Fiesta Restaurant Group news, Director Brian P. Friedman bought 51,710 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average cost of $17.36 per share, for a total transaction of $897,685.60. Following the transaction, the director now directly owns 36,270 shares of the company’s stock, valued at $629,647.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian P. Friedman bought 290,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $16.06 per share, for a total transaction of $4,657,400.00. Following the completion of the transaction, the director now directly owns 2,152,565 shares in the company, valued at $34,570,193.90. The disclosure for this purchase can be found here. Insiders have bought a total of 1,271,375 shares of company stock worth $22,323,743 over the last 90 days. Insiders own 2.20% of the company’s stock.

Several large investors have recently bought and sold shares of FRGI. OppenheimerFunds Inc. lifted its stake in Fiesta Restaurant Group by 61.0% in the 1st quarter. OppenheimerFunds Inc. now owns 24,935 shares of the restaurant operator’s stock valued at $603,000 after buying an additional 9,448 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Fiesta Restaurant Group by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 204,620 shares of the restaurant operator’s stock valued at $4,952,000 after buying an additional 8,477 shares in the last quarter. Legal & General Group Plc lifted its stake in Fiesta Restaurant Group by 1.7% in the 1st 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. Thrivent Financial For Lutherans lifted its stake in Fiesta Restaurant Group by 6.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 15,300 shares of the restaurant operator’s stock valued at $370,000 after buying an additional 980 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Fiesta Restaurant Group by 3.6% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 94.26% 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).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

Receive News & Ratings for Fiesta Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.