Martingale Asset Management L P acquired a new position in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 100,812 shares of the restaurant operator’s stock, valued at approximately $1,323,000. Martingale Asset Management L P owned approximately 0.37% of Fiesta Restaurant Group at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of Fiesta Restaurant Group during the 3rd quarter worth about $539,000. Quantamental Technologies LLC bought a new stake in shares of Fiesta Restaurant Group during the 4th quarter worth approximately $67,000. Bank of New York Mellon Corp increased its position in Fiesta Restaurant Group by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 279,229 shares of the restaurant operator’s stock worth $4,330,000 after purchasing an additional 14,545 shares in the last quarter. Millennium Management LLC increased its position in Fiesta Restaurant Group by 44.5% during the 4th quarter. Millennium Management LLC now owns 402,035 shares of the restaurant operator’s stock worth $6,236,000 after purchasing an additional 123,769 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Fiesta Restaurant Group by 6.1% during the 4th quarter. Arizona State Retirement System now owns 36,099 shares of the restaurant operator’s stock worth $560,000 after purchasing an additional 2,083 shares in the last quarter. 93.20% of the stock is owned by institutional investors.
FRGI has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Stephens decreased their price objective on shares of Fiesta Restaurant Group from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, February 26th. ValuEngine cut shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Finally, BidaskClub raised shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Monday, June 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.67.
Shares of FRGI stock traded up $0.07 on Wednesday, hitting $12.59. The stock had a trading volume of 151,158 shares, compared to its average volume of 232,083. Fiesta Restaurant Group Inc has a 12-month low of $12.27 and a 12-month high of $30.88. The company’s 50 day moving average is $13.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market cap of $343.67 million, a PE ratio of 20.98 and a beta of 0.03.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, May 6th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $165.85 million for the quarter, compared to analysts’ expectations of $163.15 million. Fiesta Restaurant Group had a return on equity of 6.55% and a net margin of 0.86%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. As a group, equities analysts forecast that Fiesta Restaurant Group Inc will post 0.63 earnings per share for the current year.
In related news, major shareholder Jefferies Financial Group Inc. acquired 138,571 shares of Fiesta Restaurant Group stock in a transaction on Monday, May 13th. The shares were bought at an average price of $13.56 per share, for a total transaction of $1,879,022.76. Following the completion of the purchase, the insider now directly owns 3,954,430 shares in the company, valued at approximately $53,622,070.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have acquired 1,588,075 shares of company stock worth $21,794,537. 1.40% of the stock is currently owned by 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 fire-grilled and citrus marinated chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants that provide Mexican inspired food made fresh by hand.
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