Schwab Charles Investment Management Inc. Has $2.93 Million Stake in Fiesta Restaurant Group Inc (FRGI)

Schwab Charles Investment Management Inc. increased its stake in shares of Fiesta Restaurant Group Inc (NASDAQ:FRGI) by 33.0% during the 3rd quarter, Holdings Channel reports. The firm owned 154,419 shares of the restaurant operator’s stock after purchasing an additional 38,349 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Fiesta Restaurant Group were worth $2,934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FRGI. Rhumbline Advisers increased its position in shares of Fiesta Restaurant Group by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 51,779 shares of the restaurant operator’s stock valued at $1,069,000 after purchasing an additional 1,168 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Fiesta Restaurant Group by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 328,945 shares of the restaurant operator’s stock valued at $6,793,000 after purchasing an additional 6,246 shares during the last quarter. Legal & General Group Plc increased its position in shares of Fiesta Restaurant Group by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 51,195 shares of the restaurant operator’s stock valued at $1,057,000 after purchasing an additional 4,285 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Fiesta Restaurant Group by 61.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,225 shares of the restaurant operator’s stock valued at $211,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Fiesta Restaurant Group by 0.6% in the 2nd quarter. Principal Financial Group Inc. now owns 205,851 shares of the restaurant operator’s stock valued at $4,251,000 after acquiring an additional 1,231 shares during the last quarter.

In other Fiesta Restaurant Group news, insider Charles Locke acquired 1,565 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were bought at an average price of $18.73 per share, with a total value of $29,312.45. Following the transaction, the insider now directly owns 1,565 shares of the company’s stock, valued at approximately $29,312.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Fiesta Restaurant Group Inc (NASDAQ:FRGI) opened at $19.40 on Tuesday. The company has a market capitalization of $525.49, a price-to-earnings ratio of -22.56, a price-to-earnings-growth ratio of 1.96 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.49. Fiesta Restaurant Group Inc has a 12-month low of $15.50 and a 12-month high of $28.85.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.19). The business had revenue of $158.70 million during the quarter, compared to the consensus estimate of $162.05 million. Fiesta Restaurant Group had a negative net margin of 3.40% and a positive return on equity of 9.49%. The business’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. equities research analysts expect that Fiesta Restaurant Group Inc will post 0.73 earnings per share for the current fiscal year.

Several equities analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $24.00 price objective (up previously from $19.00) on shares of Fiesta Restaurant Group in a research report on Friday, December 8th. Zacks Investment Research raised Fiesta Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, BidaskClub downgraded Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.60.

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Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

Want to see what other hedge funds are holding FRGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiesta Restaurant Group Inc (NASDAQ:FRGI).

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

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