Fiesta Restaurant Group Inc (FRGI) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 49.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,677 shares of the restaurant operator’s stock after buying an additional 5,200 shares during the period. New York State Teachers Retirement System owned approximately 0.06% of Fiesta Restaurant Group worth $290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Manhattan Co. raised its position in shares of Fiesta Restaurant Group by 4.7% during the fourth quarter. First Manhattan Co. now owns 101,290 shares of the restaurant operator’s stock valued at $1,924,000 after buying an additional 4,590 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of Fiesta Restaurant Group by 11.3% during the fourth quarter. Pinebridge Investments L.P. now owns 47,940 shares of the restaurant operator’s stock valued at $911,000 after buying an additional 4,883 shares during the last quarter. Rhumbline Advisers raised its position in shares of Fiesta Restaurant Group by 17.7% during the fourth quarter. Rhumbline Advisers now owns 61,812 shares of the restaurant operator’s stock valued at $1,174,000 after buying an additional 9,293 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Fiesta Restaurant Group during the fourth quarter valued at about $186,000. Finally, Virtu Financial LLC acquired a new position in shares of Fiesta Restaurant Group during the fourth quarter valued at about $205,000. 97.84% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder National Corp Leucadia acquired 176,814 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was bought at an average price of $16.59 per share, with a total value of $2,933,344.26. Following the completion of the acquisition, the insider now owns 3,075,383 shares in the company, valued at approximately $51,020,603.97. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jack A. Smith acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $17.04 per share, with a total value of $51,120.00. Following the acquisition, the director now owns 52,041 shares of the company’s stock, valued at approximately $886,778.64. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 186,814 shares of company stock valued at $3,113,194 and have sold 941 shares valued at $17,673. Company insiders own 2.20% of the company’s stock.

Fiesta Restaurant Group opened at $24.55 on Friday, according to Marketbeat.com. The company has a market cap of $669.04 million, a PE ratio of 47.21, a PEG ratio of 2.97 and a beta of 0.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.77 and a quick ratio of 0.71. Fiesta Restaurant Group Inc has a 1-year low of $24.30 and a 1-year high of $24.60.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, May 7th. The restaurant operator reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $169.48 million for the quarter, compared to analyst estimates of $163.86 million. Fiesta Restaurant Group had a positive return on equity of 5.87% and a negative net margin of 2.56%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. equities analysts predict that Fiesta Restaurant Group Inc will post 0.64 earnings per share for the current year.

Fiesta Restaurant Group announced that its board has approved a stock buyback plan on Monday, February 26th that authorizes the company to buyback 1,500,000 outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Several research analysts recently issued reports on FRGI shares. ValuEngine raised shares of Fiesta Restaurant Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research lowered shares of Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Fiesta Restaurant Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 12th. TheStreet raised shares of Fiesta Restaurant Group from a “d+” rating to a “c” rating in a research report on Wednesday, May 9th. Finally, Stephens raised shares of Fiesta Restaurant Group from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.75.

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.

Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

Receive News & Ratings for Fiesta Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiesta Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

MVC Capital  Given $12.00 Consensus Price Target by Analysts
MVC Capital Given $12.00 Consensus Price Target by Analysts
Game.com Price Reaches $0.14 on Major Exchanges
Game.com Price Reaches $0.14 on Major Exchanges
Covesting 1-Day Volume Tops $68,861.00
Covesting 1-Day Volume Tops $68,861.00
CrevaCoin  Price Reaches $0.0002 on Major Exchanges
CrevaCoin Price Reaches $0.0002 on Major Exchanges
Zacks: Analysts Anticipate Thermon Group Holdings  Will Announce Quarterly Sales of $97.08 Million
Zacks: Analysts Anticipate Thermon Group Holdings Will Announce Quarterly Sales of $97.08 Million
Investors Sell Shares of Vanguard Mid Cap Index Fund  on Strength
Investors Sell Shares of Vanguard Mid Cap Index Fund on Strength


Leave a Reply

 
© 2006-2018 Zolmax.