Q1 2020 EPS Estimates for Fiesta Restaurant Group Inc Cut by Analyst (FRGI)

Fiesta Restaurant Group Inc (NASDAQ:FRGI) – Research analysts at Piper Jaffray Companies lowered their Q1 2020 earnings per share (EPS) estimates for shares of Fiesta Restaurant Group in a note issued to investors on Tuesday, May 7th. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.19. Piper Jaffray Companies also issued estimates for Fiesta Restaurant Group’s Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.19 EPS and Q4 2020 earnings at $0.19 EPS.

A number of other research firms also recently weighed in on FRGI. Stephens dropped their price target on shares of Fiesta Restaurant Group from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, February 26th. BidaskClub upgraded shares of Fiesta Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Friday, February 22nd. ValuEngine downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. TheStreet downgraded shares of Fiesta Restaurant Group from a “c-” rating to a “d” rating in a research report on Monday, February 25th. Finally, Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.67.

NASDAQ FRGI opened at $13.13 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.89. Fiesta Restaurant Group has a 1-year low of $12.27 and a 1-year high of $30.88. The company has a market capitalization of $369.74 million, a PE ratio of 21.61 and a beta of 0.21.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Fiesta Restaurant Group had a net margin of 1.13% and a return on equity of 6.77%. The business had revenue of $165.85 million during the quarter, compared to analyst estimates of $163.15 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis.

In other Fiesta Restaurant Group news, CEO Richard C. Stockinger purchased 3,290 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of $15.25 per share, for a total transaction of $50,172.50. Following the completion of the transaction, the chief executive officer now owns 88,190 shares in the company, valued at $1,344,897.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its stake in Fiesta Restaurant Group by 440.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,700 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 2,200 shares during the last quarter. Quantamental Technologies LLC bought a new position in Fiesta Restaurant Group in the fourth quarter valued at approximately $67,000. BNP Paribas Arbitrage SA increased its stake in Fiesta Restaurant Group by 386.5% in the first quarter. BNP Paribas Arbitrage SA now owns 5,434 shares of the restaurant operator’s stock valued at $71,000 after acquiring an additional 4,317 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Fiesta Restaurant Group in the fourth quarter valued at approximately $105,000. Finally, SG Americas Securities LLC bought a new position in Fiesta Restaurant Group in the first quarter valued at approximately $106,000. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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 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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