Shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $26.50.
FRGI has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, November 6th. ValuEngine upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. BidaskClub upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, Wedbush restated an “outperform” rating and issued a $28.00 price objective (down previously from $36.00) on shares of Fiesta Restaurant Group in a research note on Tuesday, November 6th.
In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. purchased 253,333 shares of the firm’s stock in a transaction on Tuesday, November 27th. The shares were purchased at an average price of $18.65 per share, for a total transaction of $4,724,660.45. Following the completion of the purchase, the insider now directly owns 3,593,621 shares of the company’s stock, valued at $67,021,031.65. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.
Shares of NASDAQ:FRGI traded down $0.17 during trading on Wednesday, reaching $14.20. The stock had a trading volume of 1,505 shares, compared to its average volume of 127,320. Fiesta Restaurant Group has a 52 week low of $13.83 and a 52 week high of $30.88. The firm has a market cap of $391.73 million, a price-to-earnings ratio of 23.95 and a beta of 0.34. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 0.29.
About Fiesta Restaurant Group
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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