Fiesta Restaurant Group (NASDAQ:FRGI) Upgraded at Zacks Investment Research

Share on StockTwits

Fiesta Restaurant Group (NASDAQ:FRGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks.com reports.

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. “

Other research analysts have also recently issued research reports about the company. BidaskClub upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. ValuEngine cut Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $14.50.

FRGI stock opened at $10.85 on Monday. Fiesta Restaurant Group has a 52-week low of $8.23 and a 52-week high of $16.85. The stock’s fifty day simple moving average is $10.02 and its 200-day simple moving average is $9.94. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $295.55 million, a price-to-earnings ratio of -4.05 and a beta of -0.03.

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). Fiesta Restaurant Group had a negative net margin of 10.65% and a positive return on equity of 5.52%. The firm had revenue of $164.20 million during the quarter, compared to analyst estimates of $164.39 million. During the same quarter in the previous year, the business posted $0.11 EPS. Fiesta Restaurant Group’s revenue was down 6.0% compared to the same quarter last year. As a group, analysts anticipate that Fiesta Restaurant Group will post 0.43 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Fiesta Restaurant Group by 3.1% in the second quarter. BlackRock Inc. now owns 3,605,741 shares of the restaurant operator’s stock valued at $47,378,000 after acquiring an additional 110,102 shares during the last quarter. Private Capital Management LLC boosted its holdings in Fiesta Restaurant Group by 33.4% in the third quarter. Private Capital Management LLC now owns 2,015,935 shares of the restaurant operator’s stock valued at $21,006,000 after acquiring an additional 505,145 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in 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 valued at $9,863,000 after acquiring an additional 195,978 shares during the last quarter. Millennium Management LLC boosted its holdings in Fiesta Restaurant Group by 122.3% in the third quarter. Millennium Management LLC now owns 365,786 shares of the restaurant operator’s stock valued at $3,811,000 after acquiring an additional 201,253 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Fiesta Restaurant Group by 1.5% in the second quarter. Northern Trust Corp now owns 308,066 shares of the restaurant operator’s stock valued at $4,047,000 after acquiring an additional 4,699 shares during the last quarter. Hedge funds and other institutional investors own 94.88% 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.

Recommended Story: Why are gap-down stocks important?

Get a free copy of the Zacks research report on Fiesta Restaurant Group (FRGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fiesta Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Fiera Capital Corp Invests $1.09 Million in Pinterest
Fiera Capital Corp Invests $1.09 Million in Pinterest
Fiera Capital Corp Sells 468,443 Shares of iShares MSCI Saudi Arabia Capped ETF
Fiera Capital Corp Sells 468,443 Shares of iShares MSCI Saudi Arabia Capped ETF
Yamana Gold Inc.  Senior Officer Richard Campbell Sells 13,050 Shares
Yamana Gold Inc. Senior Officer Richard Campbell Sells 13,050 Shares
Fiera Capital Corp Reduces Holdings in Activision Blizzard, Inc.
Fiera Capital Corp Reduces Holdings in Activision Blizzard, Inc.
Fiera Capital Corp Sells 7,525 Shares of Lincoln Electric Holdings, Inc.
Fiera Capital Corp Sells 7,525 Shares of Lincoln Electric Holdings, Inc.
Vanguard S&P Small-Cap 600 ETF  Stock Holdings Lowered by Fiera Capital Corp
Vanguard S&P Small-Cap 600 ETF Stock Holdings Lowered by Fiera Capital Corp


© 2006-2020 Ticker Report