Today’s Market Runner: Is Fiesta Restaurant Group Inc a Buy? The Stock Rises Again

Today's Market Runner: Is Fiesta Restaurant Group Inc a Buy? The Stock Rises Again

The stock of Fiesta Restaurant Group Inc (NASDAQ:FRGI) is a huge mover today! The stock increased 3.33% or $0.85 during the last trading session, hitting $26.4. About 361,955 shares traded hands. Fiesta Restaurant Group Inc (NASDAQ:FRGI) has declined 19.48% since March 29, 2016 and is downtrending. It has underperformed by 22.95% the S&P500.
The move comes after 6 months positive chart setup for the $699.10 million company. It was reported on Oct, 31 by Barchart.com. We have $38.81 PT which if reached, will make NASDAQ:FRGI worth $328.58 million more.

Analysts await Fiesta Restaurant Group Inc (NASDAQ:FRGI) to report earnings on November, 3. They expect $0.34 EPS, up 3.03% or $0.01 from last year’s $0.33 per share. FRGI’s profit will be $9.00 million for 19.41 P/E if the $0.34 EPS becomes a reality. After $0.34 actual EPS reported by Fiesta Restaurant Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Fiesta Restaurant Group Inc (NASDAQ:FRGI) Ratings Coverage

Out of 4 analysts covering Fiesta Restaurant Group Inc (NASDAQ:FRGI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Fiesta Restaurant Group Inc has been the topic of 6 analyst reports since November 19, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, May 10 by Raymond James. The stock has “Neutral” rating given by Piperjaffray on Monday, August 29. On Tuesday, July 26 the stock rating was downgraded by Jefferies to “Hold”. Raymond James upgraded the stock to “Strong Buy” rating in Thursday, November 19 report. The stock of Fiesta Restaurant Group Inc (NASDAQ:FRGI) earned “Hold” rating by Jefferies on Thursday, August 4. As per Tuesday, May 10, the company rating was downgraded by Sterne Agee CRT.

According to Zacks Investment Research, “Fiesta Restaurant Group, Inc. owns and operates quick-casual restaurants under the Pollo Tropical(R) and Taco Cabana(R) brand names in the United States. The Company’s Pollo Tropical restaurants offer a wide selection of tropical and Caribbean inspired food. The Taco Cabana restaurants offer a wide selection of fresh Tex-Mex and traditional Mexican food. Fiesta Restaurant Group, Inc. is headquartered in Miami, Florida.”

Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.02, from 1.26 in 2016Q1. The ratio is positive, as 24 funds sold all Fiesta Restaurant Group Inc shares owned while 29 reduced positions. 24 funds bought stakes while 44 increased positions. They now own 23.33 million shares or 13.65% less from 27.02 million shares in 2016Q1.
Bamco Ny accumulated 3,000 shares or 0% of the stock. Susquehanna Interest Limited Liability Partnership, a Pennsylvania-based fund reported 49,699 shares. Envestnet Asset Mngmt, a Illinois-based fund reported 2,281 shares. Alliancebernstein Ltd Partnership last reported 37,800 shares in the company. Rainier Invest Mngmt has invested 0.13% of its portfolio in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Kornitzer Mgmt Ks accumulated 503,110 shares or 0.2% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 607 shares. The Switzerland-based Credit Suisse Ag has invested 0% in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Renaissance Technology Ltd Liability accumulated 320,066 shares or 0.01% of the stock. The New York-based Bnp Paribas Arbitrage has invested 0% in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Nationwide Fund has 0% invested in the company for 17,643 shares. The California-based Rbf Cap Limited Liability Com has invested 0.65% in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Victory Cap has invested 0% of its portfolio in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Northern Trust accumulated 320,099 shares or 0% of the stock. Art Advsr Ltd last reported 0.05% of its portfolio in the stock.

Insider Transactions: Since May 11, 2016, the stock had 1 buy, and 2 selling transactions for $73,149 net activity. Another trade for 4,000 shares valued at $101,112 was made by Daraviras Nicholas on Tuesday, May 31. $50,979 worth of Fiesta Restaurant Group Inc (NASDAQ:FRGI) was sold by Todd John Alan JR on Tuesday, August 23. The insider MEISENHEIMER DANNY K bought 3,000 shares worth $78,942.

More notable recent Fiesta Restaurant Group Inc (NASDAQ:FRGI) news were published by: Expressnews.com which released: “Fiesta Restaurant Group to close 10 Pollo Tropical locations” on October 24, 2016, also Bloomberg.com with their article: “Fiesta Restaurant Group Shares Jump on Report of Possible Sale” published on October 14, 2016, Forbes.com published: “Fiesta Restaurant Group Spin-Off Of Taco Cabana Will Create Value” on March 30, 2016. More interesting news about Fiesta Restaurant Group Inc (NASDAQ:FRGI) were released by: Investorplace.com and their article: “Why Advanced Micro Devices, Inc. (AMD), Fiesta Restaurant Group Inc (FRGI) and …” published on October 14, 2016 as well as Fool.com‘s news article titled: “Why Shares of Fiesta Restaurant Group Inc. Slumped Today” with publication date: May 10, 2016.

FRGI Company Profile

Fiesta Restaurant Group, Inc. (Fiesta), incorporated on April 27, 2011, owns, operates and franchises approximately two fast-casual restaurant brands, Pollo Tropical and Taco Cabana. The Firm operates through the Pollo Tropical and Taco Cabana divisions. The Company’s Pollo Tropical is a fast-casual restaurant brand offering a range of Caribbean food. Taco Cabana restaurants offers a selection of hand-made Mexican food.

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