Texas Permanent School Fund Sells 1,436 Shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI)

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Texas Permanent School Fund lessened its holdings in Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,587 shares of the restaurant operator’s stock after selling 1,436 shares during the quarter. Texas Permanent School Fund’s holdings in Fiesta Restaurant Group were worth $152,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Fiesta Restaurant Group by 3.1% in the second quarter. BlackRock Inc. now owns 3,605,741 shares of the restaurant operator’s stock worth $47,378,000 after purchasing an additional 110,102 shares in the last quarter. Private Capital Management LLC lifted its position in shares of Fiesta Restaurant Group by 52.4% in the second quarter. Private Capital Management LLC now owns 1,510,790 shares of the restaurant operator’s stock worth $19,852,000 after purchasing an additional 519,316 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Fiesta Restaurant Group by 35.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 750,558 shares of the restaurant operator’s stock worth $9,863,000 after purchasing an additional 195,978 shares in the last quarter. Birch Run Capital Advisors LP lifted its position in shares of Fiesta Restaurant Group by 16.6% in the second quarter. Birch Run Capital Advisors LP now owns 435,527 shares of the restaurant operator’s stock worth $5,723,000 after purchasing an additional 62,000 shares in the last quarter. Finally, Heartland Advisors Inc. lifted its position in shares of Fiesta Restaurant Group by 33.3% in the second quarter. Heartland Advisors Inc. now owns 400,000 shares of the restaurant operator’s stock worth $5,256,000 after purchasing an additional 100,000 shares in the last quarter. 93.85% of the stock is currently owned by institutional investors and hedge funds.

FRGI has been the topic of a number of research reports. BidaskClub raised shares of Fiesta Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 6th. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. ValuEngine upgraded shares of Fiesta Restaurant Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Stephens lowered their target price on shares of Fiesta Restaurant Group from $25.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.50.

Shares of FRGI opened at $9.29 on Friday. The company has a market cap of $257.45 million, a price-to-earnings ratio of 15.48 and a beta of -0.11. Fiesta Restaurant Group Inc has a 1-year low of $8.23 and a 1-year high of $19.56. The company’s fifty day simple moving average is $9.41 and its 200 day simple moving average is $11.19. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 1.82.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.08). The firm had revenue of $164.20 million for the quarter, compared to analyst estimates of $164.39 million. Fiesta Restaurant Group had a positive return on equity of 5.52% and a negative net margin of 10.65%. Fiesta Restaurant Group’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, research analysts forecast that Fiesta Restaurant Group Inc will post 0.45 earnings per share for the current year.

Fiesta Restaurant Group 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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Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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