Wedbush reiterated their buy rating on shares of Fiesta Restaurant Group (NASDAQ:FRGI) in a research report released on Tuesday. Wedbush currently has a $24.00 price target on the restaurant operator’s stock.
Several other equities research analysts have also issued reports on the company. BidaskClub lowered Fiesta Restaurant Group from a hold rating to a sell rating in a research note on Friday, February 2nd. Zacks Investment Research raised Fiesta Restaurant Group from a sell rating to a hold rating in a research note on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $22.60.
Shares of Fiesta Restaurant Group (NASDAQ FRGI) opened at $17.00 on Tuesday. 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 $25.35. The stock has a market capitalization of $547.16, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.91 and a beta of 0.62.
A number of hedge funds have recently modified their holdings of the business. Voya Investment Management LLC lifted its stake in Fiesta Restaurant Group by 12.1% during the second quarter. Voya Investment Management LLC now owns 13,014 shares of the restaurant operator’s stock worth $269,000 after purchasing an additional 1,402 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Fiesta Restaurant Group by 12.3% during the second quarter. Nationwide Fund Advisors now owns 17,278 shares of the restaurant operator’s stock worth $357,000 after purchasing an additional 1,892 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Fiesta Restaurant Group by 8.3% during the third quarter. Pinebridge Investments L.P. now owns 43,057 shares of the restaurant operator’s stock worth $818,000 after purchasing an additional 3,296 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Fiesta Restaurant Group by 59.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,160 shares of the restaurant operator’s stock worth $193,000 after buying an additional 3,800 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Fiesta Restaurant Group by 37.9% in the third quarter. BNP Paribas Arbitrage SA now owns 14,096 shares of the restaurant operator’s stock worth $268,000 after buying an additional 3,871 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.
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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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