$0.08 EPS Expected for Fiesta Restaurant Group Inc (FRGI) This Quarter

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Brokerages expect Fiesta Restaurant Group Inc (NASDAQ:FRGI) to post earnings per share of $0.08 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Fiesta Restaurant Group’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.06. The business is scheduled to report its next earnings results on Monday, February 25th.

According to Zacks, analysts expect that Fiesta Restaurant Group will report full-year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.61. For the next year, analysts anticipate that the company will report earnings of $0.83 per share, with EPS estimates ranging from $0.79 to $0.85. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Fiesta Restaurant Group.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Monday, November 5th. The restaurant operator reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.08). The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $173.40 million. Fiesta Restaurant Group had a net margin of 0.73% and a return on equity of 5.87%. Fiesta Restaurant Group’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share.

A number of research firms recently issued reports on FRGI. Zacks Investment Research lowered Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Wedbush reaffirmed an “outperform” rating and set a $28.00 target price (down from $36.00) on shares of Fiesta Restaurant Group in a report on Tuesday, November 6th. Finally, Piper Jaffray Companies raised Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a report on Friday, October 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Fiesta Restaurant Group has a consensus rating of “Hold” and a consensus price target of $27.00.

In other news, major shareholder Jefferies Financial Group Inc. bought 262,710 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average cost of $19.33 per share, with a total value of $5,078,184.30. Following the completion of the acquisition, the insider now directly owns 3,533,288 shares in the company, valued at $68,298,457.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. acquired a new position in Fiesta Restaurant Group during the third quarter worth about $136,000. Piedmont Investment Advisors LLC acquired a new position in shares of Fiesta Restaurant Group in the 2nd quarter valued at $181,000. Engineers Gate Manager LP acquired a new position in shares of Fiesta Restaurant Group in the 2nd quarter valued at $200,000. SG Americas Securities LLC acquired a new position in shares of Fiesta Restaurant Group in the 2nd quarter valued at $212,000. Finally, Wedbush Securities Inc. acquired a new position in shares of Fiesta Restaurant Group in the 2nd quarter valued at $279,000. 96.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FRGI opened at $18.42 on Monday. The firm has a market cap of $522.24 million, a PE ratio of 30.70 and a beta of 0.31. Fiesta Restaurant Group has a one year low of $16.40 and a one year high of $30.88. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Fiesta Restaurant Group Company Profile

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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