Fiesta Restaurant Group (NASDAQ:FRGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Fiesta Restaurant Group (NASDAQ:FRGI) in a research report issued on Monday. The firm set a “buy” rating on the restaurant operator’s stock.

Fiesta Restaurant Group Price Performance

FRGI opened at $8.46 on Monday. The firm has a market cap of $221.56 million, a price-to-earnings ratio of -40.29 and a beta of 1.78. The stock’s 50 day simple moving average is $8.20 and its 200 day simple moving average is $8.07. Fiesta Restaurant Group has a 1 year low of $5.89 and a 1 year high of $9.28.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its 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 business had revenue of $106.84 million during the quarter.

Hedge Funds Weigh In On Fiesta Restaurant Group

Several hedge funds and other institutional investors have recently bought and sold shares of FRGI. Shay Capital LLC raised its position in Fiesta Restaurant Group by 4.1% in the second quarter. Shay Capital LLC now owns 32,914 shares of the restaurant operator’s stock worth $261,000 after acquiring an additional 1,302 shares during the period. Geode Capital Management LLC raised its stake in shares of Fiesta Restaurant Group by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 178,613 shares of the restaurant operator’s stock worth $1,312,000 after buying an additional 2,560 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Fiesta Restaurant Group by 191.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,234 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 2,782 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Fiesta Restaurant Group by 5.0% during the 1st quarter. Captrust Financial Advisors now owns 68,410 shares of the restaurant operator’s stock valued at $511,000 after acquiring an additional 3,261 shares during the period. Finally, Barclays PLC grew its stake in shares of Fiesta Restaurant Group by 33.2% during the 2nd quarter. Barclays PLC now owns 14,341 shares of the restaurant operator’s stock valued at $114,000 after acquiring an additional 3,571 shares during the period. Institutional investors own 99.67% of the company’s stock.

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.