Brian P. Friedman Purchases 35,000 Shares of Fiesta Restaurant Group, Inc. (FRGI) Stock

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Brian P. Friedman acquired 35,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were purchased at an average cost of $17.25 per share, with a total value of $603,750.00. Following the completion of the purchase, the director now directly owns 2,152,565 shares of the company’s stock, valued at $37,131,746.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) opened at 16.40 on Tuesday. The stock’s 50 day moving average is $17.60 and its 200-day moving average is $20.96. Fiesta Restaurant Group, Inc. has a 52 week low of $15.50 and a 52 week high of $30.65. The stock’s market capitalization is $440.09 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, August 7th. The restaurant operator reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Fiesta Restaurant Group had a positive return on equity of 11.77% and a negative net margin of 2.75%. The company had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. During the same period in the previous year, the company earned $0.34 EPS. Fiesta Restaurant Group’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts anticipate that Fiesta Restaurant Group, Inc. will post $1.02 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Brian P. Friedman Purchases 35,000 Shares of Fiesta Restaurant Group, Inc. (FRGI) Stock” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.tickerreport.com/banking-finance/2879263/insider-buying-fiesta-restaurant-group-inc-frgi-director-acquires-603750-00-in-stock.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System boosted its position in shares of Fiesta Restaurant Group by 0.7% in the second quarter. Arizona State Retirement System now owns 14,100 shares of the restaurant operator’s stock worth $291,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Fiesta Restaurant Group by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock worth $266,000 after buying an additional 200 shares during the period. Texas Permanent School Fund boosted its position in shares of Fiesta Restaurant Group by 1.4% in the second quarter. Texas Permanent School Fund now owns 19,760 shares of the restaurant operator’s stock worth $408,000 after buying an additional 268 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Fiesta Restaurant Group by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock worth $131,000 after buying an additional 310 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of Fiesta Restaurant Group by 7.7% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock worth $152,000 after buying an additional 450 shares during the period. 94.09% of the stock is owned by institutional investors.

FRGI has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. BidaskClub lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 price objective on shares of Fiesta Restaurant Group in a research note on Monday, May 15th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Finally, Piper Jaffray Companies lowered shares of Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $17.00 to $14.00 in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.33.

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).

Insider Buying and Selling by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

Receive News & Ratings for Fiesta Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.