A number of other research firms have also recently weighed in on FRGI. Stephens lowered their price objective on Fiesta Restaurant Group from $25.00 to $14.00 and set an overweight rating on the stock in a research report on Thursday, August 8th. Zacks Investment Research cut Fiesta Restaurant Group from a hold rating to a sell rating in a research report on Saturday, August 10th. Finally, ValuEngine raised Fiesta Restaurant Group from a strong sell rating to a sell rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Fiesta Restaurant Group presently has an average rating of Hold and a consensus target price of $19.00.
FRGI stock opened at $10.44 on Wednesday. Fiesta Restaurant Group has a twelve month low of $8.75 and a twelve month high of $30.35. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.55. The stock has a market cap of $286.86 million, a P/E ratio of 17.40 and a beta of -0.07. The business’s 50-day moving average price is $11.17 and its 200-day moving average price is $13.10.
In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. purchased 93,257 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were bought at an average cost of $14.00 per share, with a total value of $1,305,598.00. Following the acquisition, the insider now owns 5,262,189 shares in the company, valued at $73,670,646. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders purchased 880,452 shares of company stock worth $12,127,611. 1.40% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in Fiesta Restaurant Group by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 190,310 shares of the restaurant operator’s stock worth $2,952,000 after purchasing an additional 976 shares in the last quarter. Bank of Montreal Can increased its stake in Fiesta Restaurant Group by 135.0% in the 2nd quarter. Bank of Montreal Can now owns 2,237 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 1,285 shares during the last quarter. Macquarie Group Ltd. increased its stake in Fiesta Restaurant Group by 440.0% in the 4th quarter. Macquarie Group Ltd. now owns 2,700 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 2,200 shares during the last quarter. Laurion Capital Management LP increased its stake in Fiesta Restaurant Group by 14.9% in the 1st quarter. Laurion Capital Management LP now owns 20,798 shares of the restaurant operator’s stock worth $273,000 after acquiring an additional 2,692 shares during the last quarter. Finally, Glassman Wealth Services bought a new stake in Fiesta Restaurant Group in the 2nd quarter worth approximately $37,000. 93.86% of the stock is currently owned by institutional investors.
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 fire-grilled and citrus marinated chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants that provide Mexican inspired food made fresh by hand.
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