Charles Locke Purchases 1,565 Shares of Fiesta Restaurant Group, Inc. (FRGI) Stock
Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) insider Charles Locke bought 1,565 shares of Fiesta Restaurant Group stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average price of $18.73 per share, for a total transaction of $29,312.45. Following the acquisition, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $29,312.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) traded down $0.50 on Tuesday, hitting $19.10. The company’s stock had a trading volume of 318,318 shares, compared to its average volume of 406,226. The firm has a market capitalization of $516.01, a PE ratio of 21.65, a PEG ratio of 1.83 and a beta of 0.76. Fiesta Restaurant Group, Inc. has a 12 month low of $15.50 and a 12 month high of $30.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.49 and a current ratio of 0.53.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.19). The company had revenue of $158.70 million for the quarter, compared to analyst estimates of $162.05 million. Fiesta Restaurant Group had a positive return on equity of 9.49% and a negative net margin of 3.40%. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. analysts predict that Fiesta Restaurant Group, Inc. will post 0.74 EPS for the current year.
FRGI has been the topic of a number of research analyst reports. Wedbush reiterated a “buy” rating on shares of Fiesta Restaurant Group in a report on Monday, September 18th. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Piper Jaffray Companies cut Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $17.00 to $14.00 in a research note on Thursday, September 7th. Finally, TheStreet cut Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.60.
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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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