Analysts expect that Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) will announce earnings of $0.35 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Fiesta Restaurant Group’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.42. Fiesta Restaurant Group reported earnings of $0.34 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The company is expected to issue its next quarterly earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that Fiesta Restaurant Group will report full year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.35. For the next fiscal year, analysts forecast that the business will report earnings of $1.28 per share, with EPS estimates ranging from $1.13 to $1.49. Zacks’ EPS averages are an average based on a survey of research firms that follow Fiesta Restaurant Group.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, May 8th. The restaurant operator reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $175.60 million during the quarter, compared to the consensus estimate of $177.63 million. Fiesta Restaurant Group had a positive return on equity of 12.01% and a negative net margin of 1.16%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $0.37 earnings per share.
FRGI has been the subject of a number of research reports. Wedbush reduced their target price on shares of Fiesta Restaurant Group from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, February 28th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Tuesday, February 28th. Jefferies Group LLC dropped their price target on shares of Fiesta Restaurant Group from $28.00 to $25.00 and set a “hold” rating for the company in a research report on Tuesday, February 28th. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “buy” rating to a “sell” rating in a research report on Thursday, March 2nd. Finally, Stephens lowered shares of Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price target for the company. in a research report on Tuesday, May 9th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.57.
In related news, Director Brian P. Friedman bought 28,093 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $21.65 per share, for a total transaction of $608,213.45. Following the completion of the transaction, the director now owns 32,681 shares in the company, valued at $707,543.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian P. Friedman bought 309,115 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were bought at an average price of $21.12 per share, with a total value of $6,528,508.80. Following the transaction, the director now owns 36,270 shares of the company’s stock, valued at approximately $766,022.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 351,595 shares of company stock valued at $7,451,569. 2.20% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of FRGI. UBS Oconnor LLC bought a new position in shares of Fiesta Restaurant Group during the first quarter worth $3,514,000. Point72 Europe London LLP bought a new position in shares of Fiesta Restaurant Group during the first quarter worth $5,830,000. Engine Capital Management LLC bought a new position in shares of Fiesta Restaurant Group during the first quarter worth $617,000. Western Standard LLC raised its position in shares of Fiesta Restaurant Group by 54.6% in the first quarter. Western Standard LLC now owns 76,788 shares of the restaurant operator’s stock worth $1,858,000 after buying an additional 27,126 shares in the last quarter. Finally, State Street Corp raised its position in shares of Fiesta Restaurant Group by 3.2% in the first quarter. State Street Corp now owns 590,451 shares of the restaurant operator’s stock worth $14,289,000 after buying an additional 18,551 shares in the last quarter. Hedge funds and other institutional investors own 98.64% of the company’s stock.
Fiesta Restaurant Group (NASDAQ FRGI) traded down 0.47% on Friday, reaching $21.10. 389,329 shares of the company traded hands. The stock’s 50-day moving average is $22.63 and its 200-day moving average is $25.15. Fiesta Restaurant Group has a 1-year low of $19.40 and a 1-year high of $30.65. The stock’s market capitalization is $565.21 million.
Fiesta Restaurant Group Company Profile
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).
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