$166.41 Million in Sales Expected for Fiesta Restaurant Group Inc (NASDAQ:FRGI) This Quarter

Equities analysts expect that Fiesta Restaurant Group Inc (NASDAQ:FRGI) will report $166.41 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Fiesta Restaurant Group’s earnings, with estimates ranging from $161.42 million to $171.40 million. Fiesta Restaurant Group posted sales of $167.64 million during the same quarter last year, which suggests a negative year over year growth rate of 0.7%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, February 26th.

According to Zacks, analysts expect that Fiesta Restaurant Group will report full-year sales of $667.90 million for the current fiscal year, with estimates ranging from $662.90 million to $672.90 million. For the next financial year, analysts expect that the firm will report sales of $672.53 million, with estimates ranging from $649.36 million to $695.70 million. Zacks’ sales averages are an average based on a survey of analysts that follow Fiesta Restaurant Group.

A number of analysts recently issued reports on the company. ValuEngine cut Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. BidaskClub raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Zacks Investment Research raised Fiesta Restaurant Group from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $12.50.

Shares of NASDAQ FRGI remained flat at $$10.34 during trading hours on Thursday. The company had a trading volume of 141,020 shares. Fiesta Restaurant Group has a 1 year low of $8.23 and a 1 year high of $16.85. The business’s fifty day simple moving average is $10.39 and its 200-day simple moving average is $9.81.

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in shares of Fiesta Restaurant Group by 9.4% during the second quarter. Invesco Ltd. now owns 99,228 shares of the restaurant operator’s stock worth $1,304,000 after acquiring an additional 8,557 shares during the period. Private Capital Management LLC raised its holdings in shares of Fiesta Restaurant Group by 52.4% during the second quarter. Private Capital Management LLC now owns 1,510,790 shares of the restaurant operator’s stock worth $19,852,000 after acquiring an additional 519,316 shares during the period. Morgan Stanley raised its holdings in shares of Fiesta Restaurant Group by 605.9% during the second quarter. Morgan Stanley now owns 106,024 shares of the restaurant operator’s stock worth $1,393,000 after acquiring an additional 91,004 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Fiesta Restaurant Group by 45.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,025 shares of the restaurant operator’s stock worth $263,000 after acquiring an additional 6,275 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Fiesta Restaurant Group by 105.2% in the third quarter. State of Alaska Department of Revenue now owns 16,465 shares of the restaurant operator’s stock valued at $171,000 after purchasing an additional 8,443 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

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 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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