Fiesta Restaurant Group Inc (NASDAQ:FRGI) – Wedbush lowered their FY2018 EPS estimates for Fiesta Restaurant Group in a research report issued on Tuesday, November 6th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $0.61 per share for the year, down from their previous forecast of $0.77. Wedbush currently has a “Outperform” rating and a $28.00 target price on the stock. Wedbush also issued estimates for Fiesta Restaurant Group’s Q2 2019 earnings at $0.35 EPS and FY2019 earnings at $0.79 EPS.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, November 5th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.08). Fiesta Restaurant Group had a net margin of 0.73% and a return on equity of 5.87%. The company had revenue of $174.65 million for the quarter, compared to analyst estimates of $173.40 million. During the same quarter last year, the company earned $0.06 EPS. The business’s revenue was up 10.1% compared to the same quarter last year.

Several other equities analysts also recently issued reports on the stock. BidaskClub downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies upgraded shares of Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a report on Friday, October 5th. Finally, ValuEngine downgraded shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.00.

FRGI opened at $20.05 on Friday. Fiesta Restaurant Group has a 52-week low of $16.35 and a 52-week high of $30.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.90. The stock has a market cap of $536.69 million, a PE ratio of 33.42 and a beta of 0.44.

Several hedge funds and other institutional investors have recently modified their holdings of FRGI. Hood River Capital Management LLC acquired a new stake in shares of Fiesta Restaurant Group during the 2nd quarter worth approximately $20,685,000. Columbus Circle Investors acquired a new stake in shares of Fiesta Restaurant Group during the 2nd quarter worth approximately $8,825,000. BlackRock Inc. grew its stake in shares of Fiesta Restaurant Group by 3.6% during the 2nd quarter. BlackRock Inc. now owns 3,611,416 shares of the restaurant operator’s stock worth $103,649,000 after purchasing an additional 124,428 shares during the period. EAM Investors LLC acquired a new stake in shares of Fiesta Restaurant Group during the 2nd quarter worth approximately $3,362,000. Finally, Millennium Management LLC acquired a new stake in shares of Fiesta Restaurant Group during the 2nd quarter worth approximately $2,496,000.

In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. purchased 262,710 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were bought at an average price of $19.33 per share, for a total transaction of $5,078,184.30. Following the acquisition, the insider now owns 3,533,288 shares in the company, valued at $68,298,457.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by corporate insiders.

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 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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Earnings History and Estimates for Fiesta Restaurant Group (NASDAQ:FRGI)

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