Fiesta Restaurant Group (NASDAQ:FRGI) Stock Crosses Below 200 Day Moving Average of $7.75

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI – Get Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.75 and traded as low as $7.23. Fiesta Restaurant Group shares last traded at $7.25, with a volume of 19,936 shares traded.

Analysts Set New Price Targets

FRGI has been the subject of several recent analyst reports. EF Hutton Acquisition Co. I dropped their target price on Fiesta Restaurant Group from $14.50 to $13.00 and set a “buy” rating for the company in a research report on Monday, March 6th. StockNews.com started coverage on Fiesta Restaurant Group in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, TheStreet raised shares of Fiesta Restaurant Group from a “d+” rating to a “c-” rating in a report on Thursday, April 6th.

Fiesta Restaurant Group Trading Up 1.3 %

The company has a market cap of $188.94 million, a price-to-earnings ratio of -11.89 and a beta of 1.80. The stock’s fifty day simple moving average is $7.91 and its 200 day simple moving average is $7.75.

Fiesta Restaurant Group (NASDAQ:FRGI – Get Rating) last posted its quarterly earnings results on Thursday, March 2nd. The restaurant operator reported ($0.08) earnings per share for the quarter. The firm had revenue of $97.62 million during the quarter. Fiesta Restaurant Group had a negative net margin of 3.82% and a negative return on equity of 4.02%.

Hedge Funds Weigh In On Fiesta Restaurant Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Fiesta Restaurant Group by 1.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,547,280 shares of the restaurant operator’s stock valued at $32,468,000 after purchasing an additional 43,964 shares in the last quarter. Private Capital Management LLC raised its holdings in shares of Fiesta Restaurant Group by 4.5% in the 4th quarter. Private Capital Management LLC now owns 1,573,289 shares of the restaurant operator’s stock valued at $11,564,000 after purchasing an additional 67,679 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Fiesta Restaurant Group by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,278,323 shares of the restaurant operator’s stock valued at $10,508,000 after purchasing an additional 31,160 shares in the last quarter. Boothbay Fund Management LLC raised its holdings in shares of Fiesta Restaurant Group by 1.0% in the 4th quarter. Boothbay Fund Management LLC now owns 1,270,659 shares of the restaurant operator’s stock valued at $9,339,000 after purchasing an additional 12,179 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Fiesta Restaurant Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,158,100 shares of the restaurant operator’s stock valued at $8,656,000 after purchasing an additional 7,493 shares in the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.

About Fiesta Restaurant Group

(Get Rating)

Fiesta Restaurant Group, Inc is a holding company, which engages in the acquisition, operation, and franchising of fast-casual restaurants. It operates through the Pollo Tropical and Other segments. The Pollo Tropical segment offers fire-grilled and crispy citrus marinated chicken and other freshly prepared tropical-inspired menu items.