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. “
FRGI has been the topic of several other reports. ValuEngine raised Fiesta Restaurant Group from a sell rating to a hold rating in a report on Monday, January 7th. TheStreet lowered Fiesta Restaurant Group from a c- rating to a d rating in a report on Monday, February 25th. BidaskClub lowered Fiesta Restaurant Group from a sell rating to a strong sell rating in a report on Saturday, December 22nd. Finally, Stephens dropped their target price on Fiesta Restaurant Group from $32.00 to $25.00 and set an overweight rating on the stock in a report on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Fiesta Restaurant Group presently has an average rating of Hold and a consensus target price of $27.00.
Fiesta Restaurant Group stock opened at $12.41 on Friday. The stock has a market cap of $348.28 million, a P/E ratio of 20.68 and a beta of 0.23. Fiesta Restaurant Group has a 52 week low of $12.36 and a 52 week high of $30.88. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its earnings results on Monday, February 25th. The restaurant operator reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $167.60 million for the quarter, compared to analyst estimates of $168.51 million. Fiesta Restaurant Group had a return on equity of 6.77% and a net margin of 1.13%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that Fiesta Restaurant Group will post 0.69 earnings per share for the current fiscal year.
In other Fiesta Restaurant Group news, CEO Richard C. Stockinger acquired 3,290 shares of the company’s stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $15.25 per share, with a total value of $50,172.50. Following the completion of the acquisition, the chief executive officer now owns 88,190 shares in the company, valued at $1,344,897.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of FRGI. Jefferies Financial Group Inc. grew its holdings in Fiesta Restaurant Group by 15.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 3,786,621 shares of the restaurant operator’s stock valued at $56,269,000 after purchasing an additional 516,043 shares during the period. Norges Bank acquired a new stake in Fiesta Restaurant Group in the fourth quarter valued at approximately $4,188,000. Assenagon Asset Management S.A. acquired a new stake in shares of Fiesta Restaurant Group in the fourth quarter worth approximately $3,061,000. Portolan Capital Management LLC boosted its stake in shares of Fiesta Restaurant Group by 188.3% in the fourth quarter. Portolan Capital Management LLC now owns 260,169 shares of the restaurant operator’s stock worth $4,035,000 after acquiring an additional 169,924 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Fiesta Restaurant Group by 74.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 337,160 shares of the restaurant operator’s stock worth $5,229,000 after acquiring an additional 143,362 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.
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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