Fiesta Restaurant Group (FRGI) Shares are Up 1.79%

Fiesta Restaurant Group (FRGI) has been under a strong bear grip, hence the stock is down -5.34% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.36% in the past 1 week. The stock has risen by 1.79% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.99% in the past 4 weeks.

Fiesta Restaurant Group (NASDAQ:FRGI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.79 and $22.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.74, notching a gain of 0.66% for the day. The total traded volume was 918,042 . The stock had closed at $22.59 on the previous day.

The stock has recorded a 20-day Moving Average of 4.66% and the 50-Day Moving Average is 3.93%. Fiesta Restaurant Group, Inc. has dropped 29.33% during the last 3-month period . Year-to-Date the stock performance stands at -32.32%.

Fiesta Restaurant Group (FRGI) stock is expected to deviate a maximum of $5.62 from the average target price of $29.63 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $23.


Fiesta Restaurant Group, Inc. (Fiesta) is engaged in the fast-casual restaurant industry, with two restaurant concepts (each of which is an operating segment): Pollo Tropical and Taco Cabana. Pollo Tropical is a fast-casual restaurant brand offering a range of Caribbean food. Taco Cabana restaurants offers a range of hand-made Mexican food. The Company owns and operates 124 Pollo Tropical restaurants, of which 107 are located in Florida, 10 are located in Texas, five are located in Georgia and two are located in Tennessee, and franchised a total of 37 Pollo Tropical restaurants. Fiesta also owns and operates 167 Taco Cabana restaurants, of which 162 are located in Texas, three are located in Oklahoma and, under the Cabana Grill logo, one is located in Georgia and one is located in Florida, and franchised a total of seven Taco Cabana restaurants. It has four Taco Cabana franchised restaurants located in New Mexico and three non-traditional Taco Cabana licensed locations in Texas.

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