Equities research analysts predict that Fiesta Restaurant Group Inc (NASDAQ:FRGI) will announce earnings of $0.23 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Fiesta Restaurant Group’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.14. Fiesta Restaurant Group posted earnings per share of $0.30 during the same quarter last year, which would indicate a negative year over year growth rate of 23.3%. The business is expected to report its next quarterly earnings report on Monday, August 6th.
According to Zacks, analysts expect that Fiesta Restaurant Group will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $0.76. For the next financial year, analysts expect that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.74 to $0.96. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Fiesta Restaurant Group.
Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, May 7th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Fiesta Restaurant Group had a positive return on equity of 5.87% and a negative net margin of 2.56%. The company had revenue of $169.48 million for the quarter, compared to the consensus estimate of $163.86 million. During the same quarter last year, the company posted $0.25 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year.
FRGI has been the subject of several recent research reports. Zacks Investment Research upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Wedbush restated a “buy” rating and issued a $24.00 price objective on shares of Fiesta Restaurant Group in a research note on Tuesday, February 27th. BidaskClub upgraded Fiesta Restaurant Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 12th. Stephens upgraded Fiesta Restaurant Group from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Tuesday, May 8th. Finally, TheStreet upgraded Fiesta Restaurant Group from a “d+” rating to a “c” rating in a research note on Wednesday, May 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.75.
Fiesta Restaurant Group traded up $0.35, hitting $26.60, during trading on Monday, MarketBeat Ratings reports. 15,437 shares of the company were exchanged, compared to its average volume of 220,625. Fiesta Restaurant Group has a 52 week low of $15.50 and a 52 week high of $27.90. The company has a market capitalization of $715.37 million, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 2.91 and a beta of 0.48. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35.
Fiesta Restaurant Group declared that its Board of Directors has initiated a share repurchase plan on Monday, February 26th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Large investors have recently made changes to their positions in the business. Barclays PLC grew its stake in Fiesta Restaurant Group by 92.7% in the 1st quarter. Barclays PLC now owns 8,063 shares of the restaurant operator’s stock valued at $149,000 after purchasing an additional 3,879 shares during the period. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Fiesta Restaurant Group during the 4th quarter worth $186,000. Virtu Financial LLC bought a new position in shares of Fiesta Restaurant Group during the 4th quarter worth $205,000. MetLife Investment Advisors LLC bought a new position in shares of Fiesta Restaurant Group during the 4th quarter worth $254,000. Finally, New York State Teachers Retirement System grew its stake in shares of Fiesta Restaurant Group by 49.6% during the 1st quarter. New York State Teachers Retirement System now owns 15,677 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 5,200 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.
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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