Fiesta Restaurant Group (NASDAQ:FRGI – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.
Other research analysts also recently issued reports about the company. TheStreet downgraded Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, November 18th. Zacks Investment Research upgraded Fiesta Restaurant Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 1st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $15.67.
Shares of Fiesta Restaurant Group stock opened at $9.00 on Friday. The stock has a 50 day moving average price of $9.70 and a two-hundred day moving average price of $10.48. The stock has a market capitalization of $231.36 million, a P/E ratio of 23.08 and a beta of 2.21. Fiesta Restaurant Group has a 12-month low of $8.51 and a 12-month high of $16.40.
Fiesta Restaurant Group (NASDAQ:FRGI – Get Rating) last released its earnings results on Wednesday, March 9th. The restaurant operator reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.04). Fiesta Restaurant Group had a net margin of 2.51% and a negative return on equity of 1.42%. During the same period last year, the business posted $0.07 earnings per share. Analysts expect that Fiesta Restaurant Group will post 0.22 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. Private Capital Management LLC raised its stake in shares of Fiesta Restaurant Group by 4.5% in the second quarter. Private Capital Management LLC now owns 1,078,843 shares of the restaurant operator’s stock worth $14,489,000 after purchasing an additional 46,437 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Fiesta Restaurant Group by 4.2% during the second quarter. Parametric Portfolio Associates LLC now owns 48,604 shares of the restaurant operator’s stock valued at $653,000 after purchasing an additional 1,979 shares during the period. Advisor Group Holdings Inc. grew its holdings in Fiesta Restaurant Group by 29.6% during the third quarter. Advisor Group Holdings Inc. now owns 18,500 shares of the restaurant operator’s stock valued at $203,000 after purchasing an additional 4,225 shares during the period. Barclays PLC grew its holdings in Fiesta Restaurant Group by 15.9% during the third quarter. Barclays PLC now owns 18,580 shares of the restaurant operator’s stock valued at $204,000 after purchasing an additional 2,547 shares during the period. Finally, Millennium Management LLC grew its holdings in Fiesta Restaurant Group by 54.1% during the second quarter. Millennium Management LLC now owns 72,568 shares of the restaurant operator’s stock valued at $975,000 after purchasing an additional 25,489 shares during the period. Institutional investors own 98.68% of the company’s stock.
About Fiesta Restaurant Group
Fiesta Restaurant Group, Inc is a holding company, which engages in the acquisition, operation, and franchising of fast-casual restaurants. It operates through the following segments: Pollo Tropical, Taco Cabana, and Other. The Pollo Tropical segment offers fire-grilled and crispy citrus marinated chicken and other freshly prepared tropical-inspired menu items.
