Northern Trust Corp decreased its position in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,642 shares of the restaurant operator’s stock after selling 16,494 shares during the period. Northern Trust Corp owned 1.21% of Fiesta Restaurant Group worth $6,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in Fiesta Restaurant Group by 110.2% during the second quarter. Prudential Financial Inc. now owns 316,032 shares of the restaurant operator’s stock valued at $6,526,000 after acquiring an additional 165,670 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Fiesta Restaurant Group by 1.7% in the first quarter. Legal & General Group Plc now owns 46,910 shares of the restaurant operator’s stock worth $1,134,000 after buying an additional 762 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Fiesta Restaurant Group by 6.8% in the first quarter. Thrivent Financial For Lutherans now owns 15,300 shares of the restaurant operator’s stock worth $370,000 after buying an additional 980 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Fiesta Restaurant Group by 4.3% in the first quarter. Principal Financial Group Inc. now owns 204,620 shares of the restaurant operator’s stock worth $4,952,000 after buying an additional 8,477 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Fiesta Restaurant Group by 5.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 113,573 shares of the restaurant operator’s stock worth $2,749,000 after buying an additional 5,961 shares during the last quarter. 94.35% of the stock is owned by institutional investors.

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FRGI has been the subject of a number of research analyst reports. Wedbush reaffirmed a “buy” rating and issued a $19.00 price target on shares of Fiesta Restaurant Group in a report on Tuesday, November 7th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $17.00 price target (down previously from $22.00) on shares of Fiesta Restaurant Group in a report on Thursday, August 10th. Zacks Investment Research cut shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 27th. BidaskClub cut shares of Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.60.

Shares of Fiesta Restaurant Group, Inc. (FRGI) opened at $16.75 on Monday. The company has a market cap of $453.71, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.52 and a beta of 0.69. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.26. Fiesta Restaurant Group, Inc. has a 52-week low of $15.50 and a 52-week high of $30.65.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.19). The firm had revenue of $158.70 million for the quarter, compared to analyst estimates of $162.05 million. Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. equities analysts expect that Fiesta Restaurant Group, Inc. will post 0.79 EPS for the current year.

In related news, Director Brian P. Friedman bought 110,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $18.01 per share, for a total transaction of $1,981,100.00. Following the completion of the transaction, the director now directly owns 36,270 shares in the company, valued at $653,222.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian P. Friedman bought 140,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $18.41 per share, for a total transaction of $2,577,400.00. Following the transaction, the director now owns 36,270 shares of the company’s stock, valued at $667,730.70. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,010,375 shares of company stock worth $17,422,013. Company insiders own 2.20% of the company’s stock.

Fiesta Restaurant Group 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).

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

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