Zacks: Brokerages Anticipate Fiesta Restaurant Group Inc (FRGI) Will Announce Quarterly Sales of $171.14 Million

Share on StockTwits

Wall Street analysts expect Fiesta Restaurant Group Inc (NASDAQ:FRGI) to report $171.14 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Fiesta Restaurant Group’s earnings, with the lowest sales estimate coming in at $161.10 million and the highest estimate coming in at $181.17 million. Fiesta Restaurant Group posted sales of $169.48 million in the same quarter last year, which would indicate a positive year over year growth rate of 1%. The company is scheduled to issue its next quarterly earnings report on Monday, May 6th.

According to Zacks, analysts expect that Fiesta Restaurant Group will report full-year sales of $696.98 million for the current year, with estimates ranging from $668.30 million to $725.66 million. For the next fiscal year, analysts anticipate that the business will post sales of $684.90 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Fiesta Restaurant Group.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, February 25th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Fiesta Restaurant Group had a return on equity of 6.77% and a net margin of 1.13%. The company had revenue of $167.60 million during the quarter, compared to the consensus estimate of $168.51 million. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.

Several research firms have recently issued reports on FRGI. TheStreet downgraded Fiesta Restaurant Group from a “c-” rating to a “d” rating in a research note on Monday, February 25th. BidaskClub cut Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th. Zacks Investment Research cut Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. ValuEngine cut Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Finally, Stephens reduced their target price on Fiesta Restaurant Group from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $27.00.

In related news, CEO Richard C. Stockinger bought 3,290 shares of Fiesta Restaurant Group stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $15.25 per share, for a total transaction of $50,172.50. Following the completion of the acquisition, the chief executive officer now directly owns 88,190 shares of the company’s stock, valued at approximately $1,344,897.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of FRGI. Norges Bank bought a new position in shares of Fiesta Restaurant Group in the 4th quarter worth $4,188,000. Equitable Trust Co. lifted its holdings in shares of Fiesta Restaurant Group by 380.8% in the 4th quarter. Equitable Trust Co. now owns 46,950 shares of the restaurant operator’s stock worth $728,000 after purchasing an additional 37,185 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Fiesta Restaurant Group by 44.5% in the 4th quarter. Millennium Management LLC now owns 402,035 shares of the restaurant operator’s stock worth $6,236,000 after purchasing an additional 123,769 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Fiesta Restaurant Group by 440.0% in the 4th quarter. Macquarie Group Ltd. now owns 2,700 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Fiesta Restaurant Group in the 4th quarter worth $105,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Shares of Fiesta Restaurant Group stock traded up $0.16 on Friday, hitting $13.80. The stock had a trading volume of 300,550 shares, compared to its average volume of 194,209. Fiesta Restaurant Group has a twelve month low of $13.40 and a twelve month high of $30.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.89. The company has a market capitalization of $371.47 million, a P/E ratio of 23.00 and a beta of 0.25.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc engages in the acquisition, operation, and franchise of fast-casual restaurants. It operates through the following segments: Pollo Tropical, Taco Cabana, and Other. The Pollo Tropical segment offers a variety of Caribbean inspired food. The Taco Cabana segment serves a selection of Mexican inspired food.

Further Reading: What is a Leveraged Buyout (LBO)?

Get a free copy of the Zacks research report on Fiesta Restaurant Group (FRGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Ensco  Bonds Trading 3.1% Higher
Ensco Bonds Trading 3.1% Higher
Assure   Shares Down 27.7%
Assure Shares Down 27.7%
BLOC.MONEY  Trading Down 0.4% Over Last Week
BLOC.MONEY Trading Down 0.4% Over Last Week
Kleros  Tops 1-Day Trading Volume of $1,549.00
Kleros Tops 1-Day Trading Volume of $1,549.00
Adamis Pharmaceuticals Corp  CFO Robert O. Hopkins Sells 8,900 Shares
Adamis Pharmaceuticals Corp CFO Robert O. Hopkins Sells 8,900 Shares
Robert P. Jornayvaz III Acquires 13,900 Shares of Intrepid Potash, Inc.  Stock
Robert P. Jornayvaz III Acquires 13,900 Shares of Intrepid Potash, Inc. Stock


 
© 2006-2019 Zolmax.