Sei Investments Co. grew its holdings in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 4,291.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,647 shares of the restaurant operator’s stock after buying an additional 25,063 shares during the quarter. Sei Investments Co. owned 0.09% of Fiesta Restaurant Group worth $736,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors Inc. lifted its stake in shares of Fiesta Restaurant Group by 1.7% during the second quarter. Wasatch Advisors Inc. now owns 2,487,253 shares of the restaurant operator’s stock valued at $71,384,000 after acquiring an additional 41,833 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Fiesta Restaurant Group by 16.6% during the second quarter. New York State Teachers Retirement System now owns 18,277 shares of the restaurant operator’s stock valued at $525,000 after acquiring an additional 2,600 shares during the period. Ruffer LLP lifted its stake in shares of Fiesta Restaurant Group by 77.3% during the second quarter. Ruffer LLP now owns 26,964 shares of the restaurant operator’s stock valued at $775,000 after acquiring an additional 11,754 shares during the period. Hood River Capital Management LLC acquired a new position in shares of Fiesta Restaurant Group during the second quarter valued at $20,685,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Fiesta Restaurant Group during the second quarter valued at $181,000. Institutional investors own 99.11% of the company’s stock.
FRGI has been the topic of several research reports. Zacks Investment Research raised Fiesta Restaurant Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Monday, July 9th. BidaskClub lowered Fiesta Restaurant Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. ValuEngine raised Fiesta Restaurant Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Piper Jaffray Companies upgraded Fiesta Restaurant Group from an “underweight” rating to a “neutral” rating in a report on Friday. Finally, Wedbush upped their price objective on Fiesta Restaurant Group from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.67.
NASDAQ FRGI traded up $2.18 on Friday, reaching $28.05. The company had a trading volume of 342,195 shares, compared to its average volume of 269,253. The company has a market capitalization of $729.37 million, a PE ratio of 46.75 and a beta of 0.53. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.30. Fiesta Restaurant Group Inc has a 52 week low of $15.65 and a 52 week high of $30.88.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, August 6th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Fiesta Restaurant Group had a positive return on equity of 5.35% and a negative net margin of 0.80%. The business had revenue of $176.83 million during the quarter, compared to the consensus estimate of $173.21 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Fiesta Restaurant Group Inc will post 0.72 earnings per share for the current fiscal year.
Fiesta Restaurant Group 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 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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