Notable Runner: Is Selling Stock Like Fiesta Restaurant Group Inc After Such Decline Winning Strategy?

Notable Runner: Is Selling Stock Like Fiesta Restaurant Group Inc After Such Decline Winning Strategy?

The stock of Fiesta Restaurant Group Inc (NASDAQ:FRGI) is a huge mover today! About 518,739 shares traded hands. Fiesta Restaurant Group Inc (NASDAQ:FRGI) has declined 20.67% since April 6, 2016 and is downtrending. It has underperformed by 22.63% the S&P500.
The move comes after 8 months negative chart setup for the $717.58 million company. It was reported on Nov, 8 by Barchart.com. We have $23.50 PT which if reached, will make NASDAQ:FRGI worth $50.23M less.

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 stock of Fiesta Restaurant Group Inc (NASDAQ:FRGI) has “Outperform” rating given on Tuesday, May 10 by Raymond James. The rating was upgraded by Raymond James to “Strong Buy” on Thursday, November 19. The rating was downgraded by Piperjaffray to “Neutral” on Monday, August 29. On Thursday, August 4 the stock rating was maintained by Jefferies with “Hold”. The company was downgraded on Tuesday, May 10 by Sterne Agee CRT. The firm has “Hold” rating given on Tuesday, July 26 by Jefferies.

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.
Parametric Assoc Limited holds 298,425 shares or 0.01% of its portfolio. Northern Trust Corp owns 320,099 shares or 0% of their US portfolio. Prudential Finance reported 413,622 shares or 0.02% of all its holdings. Royal State Bank Of Canada owns 977 shares or 0% of their US portfolio. The Illinois-based Columbia Wanger Asset Management has invested 0.44% in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Clinton Group Inc Incorporated Inc has 0.02% invested in the company for 25,448 shares. Ladenburg Thalmann Financial Inc holds 110 shares or 0% of its portfolio. Teachers Advsrs Inc has invested 0% of its portfolio in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Moreover, Gsa Cap Prtn Llp has 0.06% invested in Fiesta Restaurant Group Inc (NASDAQ:FRGI) for 52,176 shares. Sei Invests, a Pennsylvania-based fund reported 8,726 shares. Blackrock has invested 0% of its portfolio in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Rbf Ltd Llc has 0.65% invested in the company for 150,000 shares. Bnp Paribas Arbitrage Sa last reported 1,236 shares in the company. Citadel Advsrs Limited Liability Company has invested 0.01% of its portfolio in Fiesta Restaurant Group Inc (NASDAQ:FRGI). Gilder Gagnon Howe And Communication Ltd Liability Corp, a New York-based fund reported 289,861 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 2 sales for $152,091 net activity. Todd John Alan JR had sold 2,178 shares worth $50,979 on Tuesday, August 23. $101,112 worth of Fiesta Restaurant Group Inc (NASDAQ:FRGI) was sold by Daraviras Nicholas. Shares for $78,942 were bought by MEISENHEIMER DANNY K on Wednesday, May 11.

More notable recent Fiesta Restaurant Group Inc (NASDAQ:FRGI) news were published by: Businesswire.com which released: “Fiesta Restaurant Group, Inc. Reports Third Quarter 2016 Results” on November 07, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Fiesta Restaurant Group Inc, 40.0% Follow-Through …” published on November 07, 2016, Forbes.com published: “Fiesta Restaurant Group (FRGI) 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: Bloomberg.com and their article: “Fiesta Restaurant Group Shares Jump on Report of Possible Sale” published on October 14, 2016 as well as Expressnews.com‘s news article titled: “Fiesta Restaurant Group to close 10 Pollo Tropical locations” with publication date: October 24, 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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