Rice Hall James & Associates LLC Makes New Investment in Fiesta Restaurant Group Inc (NASDAQ:FRGI)

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.



Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The company had revenue of $171.40 million during the quarter, compared to analyst estimates of $172.73 million. Fiesta Restaurant Group had a negative net margin of 6.92% and a positive return on equity of 6.32%. Fiesta Restaurant Group’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. On average, research analysts forecast that Fiesta Restaurant Group Inc will post 0.59 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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