Citadel Advisors LLC Sells 101,140 Shares of Fiesta Restaurant Group Inc (FRGI)

Share on StockTwits

Citadel Advisors LLC trimmed its stake in Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 72.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 37,624 shares of the restaurant operator’s stock after selling 101,140 shares during the quarter. Citadel Advisors LLC owned approximately 0.14% of Fiesta Restaurant Group worth $696,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. bought a new stake in Fiesta Restaurant Group in the fourth quarter valued at $186,000. Virtu Financial LLC bought a new stake in Fiesta Restaurant Group in the fourth quarter valued at $205,000. MetLife Investment Advisors LLC bought a new stake in Fiesta Restaurant Group in the fourth quarter valued at $254,000. New York State Teachers Retirement System lifted its stake in Fiesta Restaurant Group by 49.6% in the first quarter. New York State Teachers Retirement System now owns 15,677 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 5,200 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in Fiesta Restaurant Group in the fourth quarter valued at $293,000. Institutional investors own 99.11% of the company’s stock.

Shares of Fiesta Restaurant Group opened at $26.25 on Monday, according to Marketbeat Ratings. Fiesta Restaurant Group Inc has a fifty-two week low of $15.50 and a fifty-two week high of $27.90. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The stock has a market cap of $715.37 million, a P/E ratio of 50.48, a P/E/G ratio of 2.91 and a beta of 0.48.

Fiesta Restaurant Group (NASDAQ:FRGI) last issued its quarterly earnings data on Monday, May 7th. The restaurant operator reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Fiesta Restaurant Group had a negative net margin of 2.56% and a positive return on equity of 5.87%. The company had revenue of $169.48 million for the quarter, compared to the consensus estimate of $163.86 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Fiesta Restaurant Group’s revenue for the quarter was down 3.5% compared to the same quarter last year. analysts predict that Fiesta Restaurant Group Inc will post 0.69 earnings per share for the current fiscal year.

Fiesta Restaurant Group announced that its Board of Directors has authorized a share repurchase plan on Monday, February 26th that authorizes the company to buyback 1,500,000 outstanding shares. This buyback authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

FRGI has been the topic of a number of recent research reports. Zacks Investment Research cut Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. ValuEngine upgraded Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 10th. Wedbush restated a “buy” rating and set a $24.00 price objective on shares of Fiesta Restaurant Group in a research note on Tuesday, February 27th. BidaskClub upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, TheStreet upgraded shares of Fiesta Restaurant Group from a “d+” rating to a “c” rating in a research note on Wednesday, May 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.75.

Fiesta Restaurant Group Profile

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

Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Dodgers Getting Big Unexpected Lift from Three Players
Dodgers Getting Big Unexpected Lift from Three Players


Leave a Reply

 
© 2006-2018 BBNS.