Q4 2018 EPS Estimates for Fiesta Restaurant Group Inc (FRGI) Cut by Analyst

Fiesta Restaurant Group Inc (NASDAQ:FRGI) – Investment analysts at Wedbush cut their Q4 2018 earnings per share (EPS) estimates for Fiesta Restaurant Group in a research note issued on Tuesday, November 6th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.09 for the quarter, down from their prior forecast of $0.17. Wedbush has a “Outperform” rating and a $28.00 price target on the stock. Wedbush also issued estimates for Fiesta Restaurant Group’s Q1 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.14 EPS and Q4 2019 earnings at $0.13 EPS.

A number of other equities analysts have also recently issued reports on FRGI. Zacks Investment Research cut shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. BidaskClub cut shares of Fiesta Restaurant Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. ValuEngine cut shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, Piper Jaffray Companies upgraded shares of Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a research note on Friday, October 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Fiesta Restaurant Group has an average rating of “Hold” and an average target price of $27.00.

Shares of Fiesta Restaurant Group stock opened at $20.05 on Thursday. The stock has a market capitalization of $536.69 million, a P/E ratio of 37.87 and a beta of 0.44. Fiesta Restaurant Group has a 1 year low of $16.35 and a 1 year high of $30.88. The company has a current ratio of 0.90, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, November 5th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.08). The firm had revenue of $174.65 million during the quarter, compared to the consensus estimate of $173.40 million. Fiesta Restaurant Group had a return on equity of 5.87% and a net margin of 0.73%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS.

In other news, major shareholder Jefferies Financial Group Inc. purchased 262,710 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were bought at an average price of $19.33 per share, for a total transaction of $5,078,184.30. Following the purchase, the insider now directly owns 3,533,288 shares in the company, valued at approximately $68,298,457.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Fiesta Restaurant Group by 3.6% during the 2nd quarter. BlackRock Inc. now owns 3,611,416 shares of the restaurant operator’s stock valued at $103,649,000 after acquiring an additional 124,428 shares during the period. Wasatch Advisors Inc. lifted its stake in Fiesta Restaurant Group by 1.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,487,253 shares of the restaurant operator’s stock valued at $71,384,000 after acquiring an additional 41,833 shares during the period. Dimensional Fund Advisors LP lifted its stake in Fiesta Restaurant Group by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,584,019 shares of the restaurant operator’s stock valued at $45,462,000 after acquiring an additional 13,840 shares during the period. Hood River Capital Management LLC bought a new position in Fiesta Restaurant Group during the 2nd quarter valued at about $20,685,000. Finally, Thomson Horstmann & Bryant Inc. lifted its stake in Fiesta Restaurant Group by 12.0% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 459,304 shares of the restaurant operator’s stock valued at $12,286,000 after acquiring an additional 49,232 shares during the period.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc, through its subsidiaries, owns, operates, and franchises fast-casual restaurants. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brands. The company's Pollo Tropical restaurants offer citrus marinated, fire-grilled chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants provide Mexican inspired food made fresh by hand.

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

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