Fiesta Restaurant Group (NASDAQ:FRGI) downgraded by StockNews.com to hold

Fiesta Restaurant Group (NASDAQ:FRGI – Get a Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report released Tuesday to clients and investors.

Separately, Zacks Investment Research upgraded Fiesta Restaurant Group’s shares from a “sell” rating to a “hold” rating in a Monday, May 16 research note.

Shares of the NASDAQ FRGI opened at $7.54 on Tuesday. The company has a market capitalization of $195.43 million, a PE ratio of 17.95 and a beta of 2.07. The company has a fifty-day moving average of $7.12 and a 200-day moving average of $8.96. Fiesta Restaurant Group has a one-year minimum of $5.89 and a one-year maximum of $15.62.

Fiesta Restaurant Group (NASDAQ:FRGI – Get Rating) last released its quarterly results on Thursday, May 12. The restaurateur reported ($0.02) EPS for the quarter. Fiesta Restaurant Group had a negative return on equity of 1.80% and a net margin of 3.04%. The company had revenue of $95.61 million in the quarter. As a group, research analysts predict that Fiesta Restaurant Group will post EPS of 0.16 for the current fiscal year.

Hedge funds have recently changed their positions in the business. Jane Street Group LLC acquired a new stock position in Fiesta Restaurant Group during Q1 worth approximately $77,000. Engineers Gate Manager LP acquired a new stock position in Fiesta Restaurant Group during Q1 worth approximately $106,000. Citigroup Inc. increased its position in Fiesta Restaurant Group shares by 44.0% during the fourth quarter. Citigroup Inc. now owns 13,109 shares of the restaurateur valued at $144,000 after acquiring 4,006 additional shares in the last quarter. New York State Teachers Retirement System increased its position in Fiesta Restaurant Group shares by 8.6% during the first quarter. The New York State Teachers’ Retirement System now owns 22,504 shares of the restaurateur valued at $168,000 after acquiring 1,787 additional shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in Fiesta Restaurant Group shares by 42.4% in the 1st quarter. Guggenheim Capital LLC now owns 22,753 shares of the restaurateur valued at $171,000 after acquiring 6,778 additional shares in the last quarter. 98.79% of the shares are currently held by hedge funds and other institutional investors.

Fiesta Restaurant Group Company Profile (Get an assessment)

Fiesta Restaurant Group, Inc., together with its subsidiaries, owns, operates and franchises quick service restaurants. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brands. The company’s Pollo Tropical restaurants offer grilled and citrus-marinated chicken, as well as other freshly prepared tropical-inspired dishes; and Taco Cabana restaurants that feature hand-prepared Mexican-inspired dishes.

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