Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Director Brian P. Friedman purchased 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $17.67 per share, with a total value of $1,590,300.00. Following the completion of the purchase, the director now owns 36,270 shares of the company’s stock, valued at $640,890.90. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) opened at 17.55 on Friday. The company’s market cap is $470.95 million. The firm has a 50-day moving average of $18.06 and a 200 day moving average of $21.81. Fiesta Restaurant Group, Inc. has a 52 week low of $15.60 and a 52 week high of $30.65.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. Fiesta Restaurant Group had a positive return on equity of 11.77% and a negative net margin of 2.75%. The business had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. During the same period in the previous year, the business earned $0.34 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. Equities analysts anticipate that Fiesta Restaurant Group, Inc. will post $1.03 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the company. 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 buying 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 buying an additional 310 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Fiesta Restaurant Group by 7.7% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock worth $152,000 after buying an additional 450 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Fiesta Restaurant Group during the first quarter worth approximately $202,000. Finally, 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 buying an additional 3,880 shares during the last quarter. 91.67% of the stock is owned by institutional investors.

FRGI has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a research note on Friday, May 5th. Wedbush reissued a “buy” rating and set a $28.00 price target on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. BidaskClub downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.83.

Fiesta Restaurant Group Company Profile

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).

Insider Buying and Selling by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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