Rice Hall James & Associates LLC purchased a new position in Fiesta Restaurant Group Inc (NASDAQ:FRGI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 97,551 shares of the restaurant operator’s stock, valued at approximately $1,282,000. Rice Hall James & Associates LLC owned 0.36% of Fiesta Restaurant Group as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of FRGI. SG Americas Securities LLC acquired a new stake in shares of Fiesta Restaurant Group during the 1st quarter worth approximately $106,000. Deutsche Bank AG grew its holdings in shares of Fiesta Restaurant Group by 80.4% during the 4th quarter. Deutsche Bank AG now owns 129,911 shares of the restaurant operator’s stock worth $2,012,000 after purchasing an additional 57,915 shares in the last quarter. Norges Bank acquired a new stake in shares of Fiesta Restaurant Group during the 4th quarter worth approximately $4,188,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Fiesta Restaurant Group by 259.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,881 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 4,968 shares in the last quarter. Finally, Private Capital Management LLC grew its holdings in shares of Fiesta Restaurant Group by 8.0% during the 1st quarter. Private Capital Management LLC now owns 991,474 shares of the restaurant operator’s stock worth $12,998,000 after purchasing an additional 73,851 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.
Shares of NASDAQ:FRGI traded up $0.26 during trading on Friday, hitting $10.53. 2,988 shares of the stock were exchanged, compared to its average volume of 316,701. The company’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $13.11. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.47 and a current ratio of 0.52. The company has a market capitalization of $297.03 million, a price-to-earnings ratio of 17.32 and a beta of -0.07. Fiesta Restaurant Group Inc has a 1-year low of $8.75 and a 1-year high of $30.35.
Several brokerages have recently weighed in on FRGI. Stephens decreased their price objective on Fiesta Restaurant Group from $25.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. ValuEngine raised Fiesta Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Zacks Investment Research lowered Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.00.
In related news, major shareholder Jefferies Financial Group Inc. purchased 3,817 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average price of $13.90 per share, with a total value of $53,056.30. Following the purchase, the insider now directly owns 4,427,886 shares in the company, valued at $61,547,615.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders purchased 880,452 shares of company stock worth $12,127,611. 1.40% of the stock is owned by insiders.
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 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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