State Street Corp boosted its position in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 3.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 590,451 shares of the restaurant operator’s stock after buying an additional 18,551 shares during the period. State Street Corp owned about 2.20% of Fiesta Restaurant Group worth $14,289,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FRGI. Mason Street Advisors LLC boosted its position 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 in the last quarter. Guggenheim Capital LLC purchased a new position in shares of Fiesta Restaurant Group during the fourth quarter worth about $225,000. Stoneridge Investment Partners LLC purchased a new position in shares of Fiesta Restaurant Group during the first quarter worth about $202,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Fiesta Restaurant Group by 6.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 9,220 shares of the restaurant operator’s stock worth $223,000 after buying an additional 560 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Fiesta Restaurant Group by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock worth $266,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 91.67% of the company’s stock.
Shares of Fiesta Restaurant Group, Inc. (FRGI) traded up 1.69% during mid-day trading on Monday, hitting $18.10. 48,009 shares of the stock were exchanged. The stock’s market capitalization is $485.71 million. Fiesta Restaurant Group, Inc. has a 12-month low of $15.60 and a 12-month high of $30.65. The stock’s 50 day moving average price is $18.37 and its 200-day moving average price is $22.13.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, August 7th. The restaurant operator reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $178.19 million. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities research analysts expect that Fiesta Restaurant Group, Inc. will post $1.03 EPS for the current fiscal year.
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FRGI has been the topic of a number of research reports. 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 research note on Thursday, August 10th. Stephens lowered shares of Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price target on the stock. in a research note on Tuesday, May 9th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Fiesta Restaurant Group in a research note on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $25.00 price target on shares of Fiesta Restaurant Group in a research note on Monday, May 15th. Finally, Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $24.83.
In other Fiesta Restaurant Group news, CEO Richard C. Stockinger acquired 2,750 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $18.30 per share, with a total value of $50,325.00. Following the completion of the acquisition, the chief executive officer now owns 81,985 shares of the company’s stock, valued at $1,500,325.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian P. Friedman acquired 309,115 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were acquired at an average cost of $21.12 per share, with a total value of $6,528,508.80. Following the acquisition, the director now directly owns 36,270 shares of the company’s stock, valued at approximately $766,022.40. The disclosure for this purchase can be found here. Insiders have bought 717,165 shares of company stock valued at $14,143,135 in the last three months. 2.20% of the stock is owned by insiders.
About Fiesta Restaurant Group
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).
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