The stock of Fiesta Restaurant Group Inc (NASDAQ:FRGI) is a huge mover today! About 357,595 shares traded hands. Fiesta Restaurant Group Inc (NASDAQ:FRGI) has declined 32.65% since March 2, 2016 and is downtrending. It has underperformed by 40.91% the S&P500.
The move comes after 9 months positive chart setup for the $668.98 million company. It was reported on Oct, 5 by Barchart.com. We have $38.53 PT which if reached, will make NASDAQ:FRGI worth $367.94M more.
Analysts await Fiesta Restaurant Group Inc (NASDAQ:FRGI) to report earnings on November, 3. They expect $0.34 earnings per share, up 3.03% or $0.01 from last year’s $0.33 per share. FRGI’s profit will be $9.15 million for 18.28 P/E if the $0.34 EPS becomes a reality. After $0.34 actual earnings per share reported by Fiesta Restaurant Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Fiesta Restaurant Group Inc (NASDAQ:FRGI) Ratings Coverage
Out of 4 analysts covering Fiesta Restaurant Group Inc (NASDAQ:FRGI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Fiesta Restaurant Group Inc has been the topic of 6 analyst reports since November 19, 2015 according to StockzIntelligence Inc. Jefferies downgraded Fiesta Restaurant Group Inc (NASDAQ:FRGI) on Tuesday, July 26 to “Hold” rating. As per Thursday, August 4, the company rating was maintained by Jefferies. The rating was upgraded by Raymond James on Thursday, November 19 to “Strong Buy”. Piperjaffray downgraded the shares of FRGI in a report on Monday, August 29 to “Neutral” rating. The rating was downgraded by Raymond James to “Outperform” on Tuesday, May 10. On Tuesday, May 10 the stock rating was downgraded by Sterne Agee CRT to “Neutral”.
According to Zacks Investment Research, “Fiesta Restaurant Group, Inc. owns and operates quick-casual restaurants under the Pollo Tropical(R) and Taco Cabana(R) brand names in the United States. The Company’s Pollo Tropical restaurants offer a wide selection of tropical and Caribbean inspired food. The Taco Cabana restaurants offer a wide selection of fresh Tex-Mex and traditional Mexican food. Fiesta Restaurant Group, Inc. is headquartered in Miami, Florida.”
Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.02, from 1.26 in 2016Q1. The ratio improved, as 24 funds sold all Fiesta Restaurant Group Inc shares owned while 29 reduced positions. 24 funds bought stakes while 44 increased positions. They now own 23.33 million shares or 13.65% less from 27.02 million shares in 2016Q1.
Quantbot Limited Partnership, a New York-based fund reported 8,335 shares. The New York-based Commercial Bank Of New York Mellon Corp has invested 0% in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Blackrock Inc owns 1,890 shares or 0% of their US portfolio. Blackrock Inv Mngmt Lc last reported 100,373 shares in the company. Van Eck Assocs Corporation accumulated 1,501 shares or 0% of the stock. California Employees Retirement System accumulated 0% or 44,800 shares. Susquehanna Llp has 0% invested in the company for 49,699 shares. Rmb Cap Mngmt Ltd Liability Company holds 0.06% of its portfolio in Fiesta Restaurant Group Inc (NASDAQ:FRGI) for 50,134 shares. Macquarie Gru Limited has 539,982 shares for 0.02% of their US portfolio. The Massachusetts-based Portolan Cap Mgmt Ltd Llc has invested 0.9% in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Legal And General Grp Public Limited holds 0% or 6,076 shares in its portfolio. Cornerstone Capital Management Holdg Limited Liability Corp holds 0% or 17,500 shares in its portfolio. Da Davidson And Communications, a Montana-based fund reported 1,600 shares. Meeder Asset Management accumulated 0.01% or 2,686 shares. First Advisors L P reported 28,250 shares or 0% of all its holdings.
Insider Transactions: Since May 11, 2016, the stock had 1 buy, and 2 selling transactions for $73,149 net activity. The insider MEISENHEIMER DANNY K bought $78,942. 4,000 shares were sold by Daraviras Nicholas, worth $101,112 on Tuesday, May 31. 2,178 shares were sold by Todd John Alan JR, worth $50,979.
More important recent Fiesta Restaurant Group Inc (NASDAQ:FRGI) news were published by: Businesswire.com which released: “Fiesta Restaurant Group, Inc. Announces Appointment of Interim CEO; Provides …” on September 27, 2016, also Prnewswire.com published article titled: “Pollo Tropical® Launches Second Annual October Fundraiser To Promote Kids …”, Forbes.com published: “Fiesta Restaurant Group Spin-Off Of Taco Cabana Will Create Value” on March 30, 2016. More interesting news about Fiesta Restaurant Group Inc (NASDAQ:FRGI) was released by: Fool.com and their article: “Why Shares of Fiesta Restaurant Group Inc. Slumped Today” with publication date: May 10, 2016.
FRGI Company Profile
Fiesta Restaurant Group, Inc. (Fiesta), incorporated on April 27, 2011, owns, operates and franchises approximately two fast-casual restaurant brands, Pollo Tropical and Taco Cabana. The Firm operates through the Pollo Tropical and Taco Cabana divisions. The Company’s Pollo Tropical is a fast-casual restaurant brand offering a range of Caribbean food. Taco Cabana restaurants offers a selection of hand-made Mexican food.
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