Jane Street Group LLC purchased a new position in Fiesta Restaurant Group Inc (NASDAQ:FRGI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,401 shares of the restaurant operator’s stock, valued at approximately $412,000. Jane Street Group LLC owned about 0.06% of Fiesta Restaurant Group at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its position in Fiesta Restaurant Group by 4,291.6% during the second quarter. Sei Investments Co. now owns 25,647 shares of the restaurant operator’s stock valued at $736,000 after purchasing an additional 25,063 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Fiesta Restaurant Group by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 320,717 shares of the restaurant operator’s stock valued at $9,204,000 after purchasing an additional 16,517 shares in the last quarter. SG Americas Securities LLC purchased a new position in Fiesta Restaurant Group during the second quarter valued at $212,000. Schwab Charles Investment Management Inc. lifted its position in Fiesta Restaurant Group by 8.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 249,958 shares of the restaurant operator’s stock valued at $7,174,000 after purchasing an additional 19,858 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Fiesta Restaurant Group by 3.6% during the second quarter. BlackRock Inc. now owns 3,611,416 shares of the restaurant operator’s stock valued at $103,649,000 after purchasing an additional 124,428 shares in the last quarter. Institutional investors own 96.47% of the company’s stock.
In other news, major shareholder Jefferies Financial Group Inc. bought 262,710 shares of Fiesta Restaurant Group stock in a transaction dated Thursday, November 8th. The shares were purchased at an average cost of $19.33 per share, with a total value of $5,078,184.30. Following the completion of the acquisition, the insider now owns 3,533,288 shares of the company’s stock, valued at approximately $68,298,457.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.
Fiesta Restaurant Group (NASDAQ:FRGI) last issued its earnings results on Monday, November 5th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.08). Fiesta Restaurant Group had a return on equity of 5.87% and a net margin of 0.73%. The firm had revenue of $174.65 million during the quarter, compared to the consensus estimate of $173.40 million. During the same period last year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts predict that Fiesta Restaurant Group Inc will post 0.6 earnings per share for the current fiscal year.
FRGI has been the topic of a number of recent analyst reports. Zacks Investment Research raised Fiesta Restaurant Group from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, November 6th. BidaskClub cut Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Piper Jaffray Companies raised Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a report on Friday, October 5th. Finally, Wedbush reissued an “outperform” rating and set a $28.00 price target (down from $36.00) on shares of Fiesta Restaurant Group in a report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.00.
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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.
Further Reading: Different Types of Derivatives
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