Piper Jaffray Companies upgraded shares of Fiesta Restaurant Group (NASDAQ:FRGI) from an underweight rating to a neutral rating in a report published on Friday morning, Marketbeat Ratings reports. Piper Jaffray Companies also issued estimates for Fiesta Restaurant Group’s Q3 2018 earnings at $0.18 EPS, FY2018 earnings at $0.71 EPS, Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.82 EPS.
Several other equities analysts have also recently commented on the stock. BidaskClub cut shares of Fiesta Restaurant Group from a hold rating to a sell rating in a research report on Saturday, September 22nd. Zacks Investment Research cut shares of Fiesta Restaurant Group from a buy rating to a hold rating in a research report on Thursday, September 6th. ValuEngine cut shares of Fiesta Restaurant Group from a buy rating to a hold rating in a research report on Thursday, August 9th. Finally, Wedbush increased their price target on shares of Fiesta Restaurant Group from $29.00 to $33.00 and gave the stock an outperform rating in a research report on Monday, July 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $29.67.
Shares of FRGI stock opened at $29.10 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.30. Fiesta Restaurant Group has a one year low of $15.65 and a one year high of $30.88. The stock has a market cap of $729.37 million, a PE ratio of 48.50 and a beta of 0.53.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Monday, August 6th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. Fiesta Restaurant Group had a negative net margin of 0.80% and a positive return on equity of 5.35%. The business had revenue of $176.83 million for the quarter, compared to analysts’ expectations of $173.21 million. During the same quarter last year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts anticipate that Fiesta Restaurant Group will post 0.72 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in Fiesta Restaurant Group by 92.7% during the first quarter. Barclays PLC now owns 8,063 shares of the restaurant operator’s stock worth $149,000 after acquiring an additional 3,879 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Fiesta Restaurant Group during the second quarter worth about $181,000. Engineers Gate Manager LP acquired a new stake in Fiesta Restaurant Group during the second quarter worth about $200,000. SG Americas Securities LLC acquired a new stake in Fiesta Restaurant Group during the second quarter worth about $212,000. Finally, Wedbush Securities Inc. acquired a new stake in Fiesta Restaurant Group during the second quarter worth about $279,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.
About Fiesta Restaurant Group
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 citrus marinated, fire-grilled chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants provide Mexican inspired food made fresh by hand.
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