Fiesta Restaurant Group (NASDAQ:FRGI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Fiesta Restaurant Group (NASDAQ:FRGI) in a report published on Monday. The brokerage issued a buy rating on the restaurant operator’s stock.

Fiesta Restaurant Group Trading Down 0.4 %

Shares of NASDAQ FRGI opened at $8.43 on Monday. Fiesta Restaurant Group has a twelve month low of $5.89 and a twelve month high of $9.28. The company has a market capitalization of $220.78 million, a price-to-earnings ratio of -40.14 and a beta of 1.78. The firm has a 50-day moving average of $8.21 and a two-hundred day moving average of $8.07.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings results on Monday, August 7th. The restaurant operator reported $0.19 earnings per share for the quarter. Fiesta Restaurant Group had a negative net margin of 1.25% and a positive return on equity of 0.82%. The company had revenue of $106.84 million during the quarter.

Institutional Investors Weigh In On Fiesta Restaurant Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in Fiesta Restaurant Group by 1.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,547,280 shares of the restaurant operator’s stock worth $32,468,000 after buying an additional 43,964 shares during the period. Private Capital Management LLC raised its holdings in Fiesta Restaurant Group by 4.4% during the 2nd quarter. Private Capital Management LLC now owns 1,643,536 shares of the restaurant operator’s stock worth $13,050,000 after buying an additional 68,938 shares during the period. Dimensional Fund Advisors LP raised its holdings in Fiesta Restaurant Group by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,245 shares of the restaurant operator’s stock worth $10,284,000 after buying an additional 16,922 shares during the period. Boothbay Fund Management LLC raised its holdings in Fiesta Restaurant Group by 1.0% during the 4th quarter. Boothbay Fund Management LLC now owns 1,270,659 shares of the restaurant operator’s stock worth $9,339,000 after buying an additional 12,179 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Fiesta Restaurant Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,158,100 shares of the restaurant operator’s stock worth $8,656,000 after buying an additional 7,493 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

About Fiesta Restaurant Group

Fiesta Restaurant Group, Inc, together with its subsidiaries, owns, operates, and franchises fast-casual restaurants. It operates its fast-casual restaurants under the Pollo Tropical brand. The company's Pollo Tropical restaurants offer fire-grilled and citrus marinated chicken, and other freshly prepared tropical inspired menu items.