Headlines about Fiesta Restaurant Group (NASDAQ:FRGI) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fiesta Restaurant Group earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the restaurant operator an impact score of 45.9351777675117 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
FRGI has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $24.00 target price (up from $19.00) on shares of Fiesta Restaurant Group in a research report on Friday, December 8th. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, BidaskClub cut Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.60.
Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded down $0.30 during mid-day trading on Wednesday, reaching $19.10. The company’s stock had a trading volume of 216,600 shares, compared to its average volume of 162,360. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.49 and a current ratio of 0.53. Fiesta Restaurant Group has a 52-week low of $15.50 and a 52-week high of $28.85. The company has a market capitalization of $517.56, a price-to-earnings ratio of -22.21, a P/E/G ratio of 1.96 and a beta of 0.76.
In other news, insider Charles Locke purchased 1,565 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was purchased at an average price of $18.73 per share, with a total value of $29,312.45. Following the completion of the purchase, the insider now directly owns 1,565 shares in the company, valued at approximately $29,312.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.
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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).
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