$173.53 Million in Sales Expected for Fiesta Restaurant Group Inc (FRGI) This Quarter

Equities analysts forecast that Fiesta Restaurant Group Inc (NASDAQ:FRGI) will report sales of $173.53 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Fiesta Restaurant Group’s earnings, with the lowest sales estimate coming in at $171.50 million and the highest estimate coming in at $175.98 million. Fiesta Restaurant Group posted sales of $158.69 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.4%. The firm is scheduled to issue its next earnings results after the market closes on Monday, November 5th.

According to Zacks, analysts expect that Fiesta Restaurant Group will report full-year sales of $692.69 million for the current fiscal year, with estimates ranging from $692.00 million to $693.26 million. For the next financial year, analysts forecast that the company will post sales of $733.25 million, with estimates ranging from $730.74 million to $736.81 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Fiesta Restaurant Group.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings results on Monday, August 6th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $176.83 million for the quarter, compared to analysts’ expectations of $173.21 million. Fiesta Restaurant Group had a negative net margin of 0.80% and a positive return on equity of 5.35%. Fiesta Restaurant Group’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share.

FRGI has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Fiesta Restaurant Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Monday, July 9th. BidaskClub cut shares of Fiesta Restaurant Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. ValuEngine cut shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Piper Jaffray Companies raised shares of Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a research report on Friday, October 5th. Finally, Wedbush lifted their price target on shares of Fiesta Restaurant Group from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, July 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $29.67.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Fiesta Restaurant Group during the second quarter worth $181,000. Engineers Gate Manager LP acquired a new position in shares of Fiesta Restaurant Group during the second quarter worth $200,000. SG Americas Securities LLC acquired a new position in shares of Fiesta Restaurant Group during the second quarter worth $212,000. Barclays PLC lifted its position in shares of Fiesta Restaurant Group by 92.7% during the first quarter. Barclays PLC now owns 8,063 shares of the restaurant operator’s stock worth $149,000 after purchasing an additional 3,879 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new position in shares of Fiesta Restaurant Group during the second quarter worth $279,000.

FRGI stock traded down $0.25 during midday trading on Friday, reaching $26.52. 148,900 shares of the company’s stock traded hands, compared to its average volume of 263,671. The stock has a market cap of $780.90 million, a price-to-earnings ratio of 44.20 and a beta of 0.53. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. Fiesta Restaurant Group has a fifty-two week low of $15.65 and a fifty-two week high of $30.88.

About Fiesta Restaurant Group

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 citrus marinated, fire-grilled chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants provide Mexican inspired food made fresh by hand.

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