Analysts Expect Fiesta Restaurant Group Inc (FRGI) Will Announce Earnings of $0.13 Per Share
Equities analysts expect that Fiesta Restaurant Group Inc (NASDAQ:FRGI) will report earnings of $0.13 per share for the current quarter, according to Zacks. Two analysts have made estimates for Fiesta Restaurant Group’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.15. Fiesta Restaurant Group posted earnings of $0.27 per share during the same quarter last year, which would suggest a negative year over year growth rate of 51.9%. The business is scheduled to report its next earnings results on Monday, February 26th.
On average, analysts expect that Fiesta Restaurant Group will report full year earnings of $0.74 per share for the current year, with EPS estimates ranging from $0.70 to $0.77. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.75 per share, with EPS estimates ranging from $0.64 to $0.91. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Fiesta Restaurant Group.
Fiesta Restaurant Group (NASDAQ:FRGI) last announced its earnings results on Monday, November 6th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The firm 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 last year, the business earned $0.30 EPS.
Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded down $0.50 during trading hours on Tuesday, reaching $19.60. 186,349 shares of the company’s stock were exchanged, compared to its average volume of 403,372. Fiesta Restaurant Group has a 12-month low of $15.50 and a 12-month high of $30.65. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.26. The company has a market cap of $527.66, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.91 and a beta of 0.76.
In related news, insider Charles Locke acquired 1,565 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were purchased at an average price of $18.73 per share, with a total value of $29,312.45. Following the acquisition, the insider now directly owns 1,565 shares in the company, valued at $29,312.45. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of FRGI. Newtyn Management LLC bought a new position in shares of Fiesta Restaurant Group in the 3rd quarter valued at about $19,000,000. Wasatch Advisors Inc. boosted its stake in shares of Fiesta Restaurant Group by 11.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,572,879 shares of the restaurant operator’s stock valued at $73,780,000 after purchasing an additional 368,346 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 last quarter. Leucadia National Corp boosted its stake in shares of Fiesta Restaurant Group by 34.7% in the 2nd quarter. Leucadia National Corp now owns 1,356,295 shares of the restaurant operator’s stock valued at $28,007,000 after purchasing an additional 349,295 shares during the last quarter. Finally, Oaktree Capital Management LP bought a new position in shares of Fiesta Restaurant Group in the 3rd quarter valued at about $5,258,000. 94.11% of the stock is currently owned by institutional investors.
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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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