According to Zacks, “Fiesta Restaurant Group, Inc. owns and operates quick-casual restaurants under the Pollo Tropical(R) and Taco Cabana(R) brand names in the United States. The Company’s Pollo Tropical restaurants offer a wide selection of tropical and Caribbean inspired food. The Taco Cabana restaurants offer a wide selection of fresh Tex-Mex and traditional Mexican food. Fiesta Restaurant Group, Inc. is headquartered in Miami, Florida. “
FRGI has been the topic of a number of other research reports. ValuEngine raised shares of Fiesta Restaurant Group from a sell rating to a hold rating in a research note on Monday, February 4th. TheStreet cut shares of Fiesta Restaurant Group from a c- rating to a d rating in a research note on Monday, February 25th. BidaskClub raised shares of Fiesta Restaurant Group from a strong sell rating to a sell rating in a research note on Tuesday, May 14th. Finally, Stephens decreased their target price on shares of Fiesta Restaurant Group from $32.00 to $25.00 and set an overweight rating on the stock in a research note on Tuesday, February 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $22.67.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, May 6th. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $165.85 million for the quarter, compared to the consensus estimate of $163.15 million. Fiesta Restaurant Group had a return on equity of 6.55% and a net margin of 0.86%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. As a group, sell-side analysts predict that Fiesta Restaurant Group will post 0.65 earnings per share for the current year.
In other Fiesta Restaurant Group news, CEO Richard C. Stockinger purchased 3,290 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were bought at an average price of $15.25 per share, for a total transaction of $50,172.50. Following the completion of the acquisition, the chief executive officer now owns 88,190 shares in the company, valued at $1,344,897.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jefferies Financial Group Inc. purchased 3,817 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $13.90 per share, for a total transaction of $53,056.30. Following the acquisition, the insider now owns 4,427,886 shares of the company’s stock, valued at approximately $61,547,615.40. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 733,647 shares of company stock worth $10,034,236. 1.40% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Jefferies Financial Group Inc. lifted its holdings in shares of Fiesta Restaurant Group by 15.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 3,786,621 shares of the restaurant operator’s stock worth $56,269,000 after purchasing an additional 516,043 shares during the period. BlackRock Inc. lifted its holdings in Fiesta Restaurant Group by 1.4% in the first quarter. BlackRock Inc. now owns 3,495,639 shares of the restaurant operator’s stock valued at $45,828,000 after buying an additional 46,601 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Fiesta Restaurant Group by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,609,561 shares of the restaurant operator’s stock valued at $21,101,000 after buying an additional 5,942 shares during the period. Private Capital Management LLC lifted its holdings in Fiesta Restaurant Group by 8.0% in the first quarter. Private Capital Management LLC now owns 991,474 shares of the restaurant operator’s stock valued at $12,998,000 after buying an additional 73,851 shares during the period. Finally, Thomson Horstmann & Bryant Inc. lifted its holdings in Fiesta Restaurant Group by 7.2% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 492,211 shares of the restaurant operator’s stock valued at $7,634,000 after buying an additional 32,907 shares during the period. Institutional investors own 95.00% of the company’s stock.
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 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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