Frisch’s Restaurants (NYSE:FRS) was downgraded by equities research analysts at Thomson Reuters/Verus from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, American Banking & Market News reports.
Shares of Frisch’s Restaurants (NYSE:FRS) traded down 0.44% during mid-day trading on Monday, hitting $24.70. 4,500 shares of the company’s stock traded hands. Frisch’s Restaurants has a 52 week low of $15.76 and a 52 week high of $25.25. The stock’s 50-day moving average is $20.74 and its 200-day moving average is $18.51. The company has a market cap of $125.3 million and a price-to-earnings ratio of 18.39.
Frisch’s Restaurants (NYSE:FRS) last released its earnings data on Wednesday, July 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.20. The company had revenue of $48.79 million for the quarter, compared to the consensus estimate of $47.50 million. On average, analysts predict that Frisch’s Restaurants will post $1.41 earnings per share for the current fiscal year.
Separately, analysts at Sidoti upgraded shares of Frisch’s Restaurants (NYSE:FRS) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, July 25th.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 10th. Investors of record on Thursday, September 26th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Tuesday, September 24th. This is an increase from Frisch’s Restaurants’s previous quarterly dividend of $0.16.
Frisch’s Restaurants, Inc, is a regional company that operates service family-style restaurants under the name Frisch’s Big Boy.
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