Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Stake Decreased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lowered its holdings in Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 85.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,792 shares of the restaurant operator’s stock after selling 205,268 shares during the quarter. Parametric Portfolio Associates LLC owned 0.13% of Fiesta Restaurant Group worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of FRGI. State of Alaska Department of Revenue raised its stake in shares of Fiesta Restaurant Group by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 2,376 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Fiesta Restaurant Group by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 310 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Fiesta Restaurant Group by 61.2% in the second quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 3,880 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Fiesta Restaurant Group by 0.7% in the second quarter. Arizona State Retirement System now owns 14,100 shares of the restaurant operator’s stock worth $291,000 after purchasing an additional 100 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Fiesta Restaurant Group by 6.3% in the second quarter. Thrivent Financial For Lutherans now owns 16,270 shares of the restaurant operator’s stock worth $336,000 after purchasing an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 94.11% of the company’s stock.

Several research firms have recently weighed in on FRGI. TheStreet cut Fiesta Restaurant Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. Wedbush restated a “buy” rating on shares of Fiesta Restaurant Group in a research note on Monday, September 18th. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies cut Fiesta Restaurant Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $17.00 to $14.00 in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $21.60.

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) traded down $0.30 during trading on Thursday, reaching $18.65. The company had a trading volume of 188,720 shares, compared to its average volume of 404,922. The stock has a market capitalization of $517.36, a PE ratio of 21.70, a PEG ratio of 1.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.49 and a current ratio of 0.53. Fiesta Restaurant Group, Inc. has a 12 month low of $15.50 and a 12 month high of $30.65.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The firm had revenue of $158.70 million for the quarter, compared to analysts’ expectations of $162.05 million. During the same quarter last year, the company posted $0.30 EPS. The firm’s revenue was down 12.9% compared to the same quarter last year. equities research analysts anticipate that Fiesta Restaurant Group, Inc. will post 0.74 EPS for the current fiscal year.

In related news, Director Brian P. Friedman purchased 290,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was acquired at an average price of $16.06 per share, with a total value of $4,657,400.00. Following the completion of the acquisition, the director now owns 2,152,565 shares of the company’s stock, valued at approximately $34,570,193.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles Locke purchased 1,565 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of $18.73 per share, with a total value of $29,312.45. Following the acquisition, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $29,312.45. The disclosure for this purchase can be found here. Insiders have acquired 344,275 shares of company stock valued at $5,601,878 in the last three months. 2.20% of the stock is currently owned by corporate insiders.

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About Fiesta Restaurant Group

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

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

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