Fiesta Restaurant Group (NASDAQ:FRGI) is set to post its Q2 2019 quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Fiesta Restaurant Group to post earnings of $0.24 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, May 6th. The restaurant operator reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $165.85 million during the quarter, compared to analyst estimates of $163.15 million. Fiesta Restaurant Group had a net margin of 0.86% and a return on equity of 6.55%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, analysts expect Fiesta Restaurant Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ FRGI opened at $9.48 on Tuesday. The company has a fifty day moving average price of $11.74. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $260.25 million, a price-to-earnings ratio of 15.80 and a beta of -0.07. Fiesta Restaurant Group has a one year low of $9.38 and a one year high of $30.55.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. ValuEngine upgraded Fiesta Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, BidaskClub upgraded Fiesta Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Fiesta Restaurant Group presently has an average rating of “Hold” and a consensus target price of $22.67.
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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