BidaskClub Lowers Fiesta Restaurant Group (FRGI) to Sell

BidaskClub lowered shares of Fiesta Restaurant Group (NASDAQ:FRGI) from a hold rating to a sell rating in a report issued on Friday, February 2nd.

A number of other equities research analysts have also recently issued reports on the stock. Wedbush reaffirmed an outperform rating and issued a $24.00 target price (up from $19.00) on shares of Fiesta Restaurant Group in a report on Friday, December 8th. Zacks Investment Research raised shares of Fiesta Restaurant Group from a sell rating to a hold rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Fiesta Restaurant Group has an average rating of Hold and an average target price of $22.60.

Shares of Fiesta Restaurant Group (FRGI) opened at $18.90 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.49 and a current ratio of 0.53. The company has a market cap of $511.95, a PE ratio of -21.98, a price-to-earnings-growth ratio of 1.76 and a beta of 0.62. Fiesta Restaurant Group has a 52-week low of $15.50 and a 52-week high of $28.77.

In other Fiesta Restaurant Group news, insider Charles Locke bought 1,565 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were purchased at an average price of $18.73 per share, for a total transaction of $29,312.45. Following the transaction, the insider now directly owns 1,565 shares in the company, valued at approximately $29,312.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FRGI. Ladenburg Thalmann Financial Services Inc. acquired a new stake in shares of Fiesta Restaurant Group during the 4th quarter worth approximately $186,000. Municipal Employees Retirement System of Michigan lifted its stake in Fiesta Restaurant Group by 59.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,160 shares of the restaurant operator’s stock valued at $193,000 after purchasing an additional 3,800 shares during the last quarter. Virtu Financial LLC bought a new position in Fiesta Restaurant Group in the 4th quarter valued at approximately $205,000. Cubist Systematic Strategies LLC bought a new position in Fiesta Restaurant Group in the 2nd quarter valued at approximately $217,000. Finally, MetLife Investment Advisors LLC bought a new position in Fiesta Restaurant Group in the 4th quarter valued at approximately $254,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

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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).

Analyst Recommendations for Fiesta Restaurant Group (NASDAQ:FRGI)

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