Jane Street Group LLC bought a new stake in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,401 shares of the restaurant operator’s stock, valued at approximately $412,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Legal & General Group Plc boosted its holdings in shares of Fiesta Restaurant Group by 4.2% in the second quarter. Legal & General Group Plc now owns 60,878 shares of the restaurant operator’s stock valued at $1,754,000 after purchasing an additional 2,478 shares during the period. First Mercantile Trust Co. boosted its holdings in shares of Fiesta Restaurant Group by 23.6% in the third quarter. First Mercantile Trust Co. now owns 18,354 shares of the restaurant operator’s stock valued at $491,000 after purchasing an additional 3,504 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Fiesta Restaurant Group in the third quarter valued at approximately $136,000. SG Americas Securities LLC purchased a new stake in shares of Fiesta Restaurant Group in the second quarter valued at approximately $212,000. Finally, Prudential Financial Inc. boosted its holdings in shares of Fiesta Restaurant Group by 23.1% in the third quarter. Prudential Financial Inc. now owns 56,082 shares of the restaurant operator’s stock valued at $1,500,000 after purchasing an additional 10,510 shares during the period. Hedge funds and other institutional investors own 96.47% of the company’s stock.
A number of research firms have weighed in on FRGI. Zacks Investment Research lowered Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Piper Jaffray Companies upgraded Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a report on Friday, October 5th. Finally, Wedbush restated an “outperform” rating and set a $28.00 target price (down previously from $36.00) on shares of Fiesta Restaurant Group in a report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Fiesta Restaurant Group presently has an average rating of “Hold” and an average target price of $27.00.
Fiesta Restaurant Group stock opened at $16.71 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 0.29. The firm has a market cap of $455.73 million, a price-to-earnings ratio of 27.85 and a beta of 0.52. Fiesta Restaurant Group Inc has a twelve month low of $13.83 and a twelve month high of $30.88.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Monday, November 5th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.08). The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $173.40 million. Fiesta Restaurant Group had a return on equity of 5.87% and a net margin of 0.73%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. Analysts anticipate that Fiesta Restaurant Group Inc will post 0.6 earnings per share for the current fiscal year.
In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. purchased 262,710 shares of Fiesta Restaurant Group stock in a transaction dated Thursday, November 8th. The shares were acquired at an average cost of $19.33 per share, with a total value of $5,078,184.30. Following the completion of the transaction, the insider now owns 3,533,288 shares in the company, valued at approximately $68,298,457.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.70% of the company’s stock.
Fiesta Restaurant Group 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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