Q3 2018 EPS Estimates for Fiesta Restaurant Group, Inc. Decreased by Analyst (FRGI)

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) – Investment analysts at Wedbush decreased their Q3 2018 earnings per share (EPS) estimates for shares of Fiesta Restaurant Group in a report issued on Friday. Wedbush analyst N. Setyan now expects that the restaurant operator will earn $0.14 per share for the quarter, down from their prior forecast of $0.16. Wedbush currently has a “Outperform” rating and a $24.00 target price on the stock. Wedbush also issued estimates for Fiesta Restaurant Group’s Q4 2018 earnings at $0.19 EPS.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.19). Fiesta Restaurant Group had a positive return on equity of 9.49% and a negative net margin of 3.40%. The business had revenue of $158.70 million for the quarter, compared to the consensus estimate of $162.05 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The business’s revenue was down 12.9% compared to the same quarter last year.

Several other research analysts also recently commented on FRGI. Piper Jaffray Companies downgraded Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $17.00 to $14.00 in a research note on Thursday, September 7th. TheStreet downgraded Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Finally, Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.60.

Fiesta Restaurant Group (NASDAQ FRGI) opened at $19.85 on Monday. 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 has a one year low of $15.50 and a one year high of $30.65. The company has a market capitalization of $537.68, a P/E ratio of 22.56, a PEG ratio of 1.91 and a beta of 0.76.

In other news, Director Brian P. Friedman purchased 51,710 shares of Fiesta Restaurant Group stock in a transaction that occurred on Tuesday, September 12th. The stock was acquired at an average cost of $17.36 per share, for a total transaction of $897,685.60. Following the purchase, the director now directly owns 36,270 shares of the company’s stock, valued at approximately $629,647.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles Locke purchased 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, with a total value of $29,312.45. Following the completion of the purchase, the insider now directly owns 1,565 shares in the company, valued at $29,312.45. The disclosure for this purchase can be found here. Insiders purchased a total of 54,275 shares of company stock valued at $944,478 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its stake in Fiesta Restaurant Group by 110.2% in the 2nd quarter. Prudential Financial Inc. now owns 316,032 shares of the restaurant operator’s stock valued at $6,526,000 after purchasing an additional 165,670 shares during the period. Dimensional Fund Advisors LP boosted its stake in Fiesta Restaurant Group by 32.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,449,051 shares of the restaurant operator’s stock valued at $29,923,000 after purchasing an additional 354,351 shares during the period. First Manhattan Co. bought a new stake in Fiesta Restaurant Group in the 3rd quarter valued at $1,837,000. Virginia Retirement Systems ET AL boosted its stake in Fiesta Restaurant Group by 203.3% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 64,900 shares of the restaurant operator’s stock valued at $1,233,000 after purchasing an additional 43,500 shares during the period. Finally, First Eagle Investment Management LLC bought a new stake in Fiesta Restaurant Group in the 3rd quarter valued at $999,000. Institutional investors and hedge funds own 94.11% of the company’s stock.

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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).

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

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