Fiesta Restaurant Group (FRGI) Shares are Up 0.29%

Fiesta Restaurant Group (FRGI) has been under a strong bear grip, hence the stock is down -7.34% 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 0.23% in the past 1 week. The stock has risen by 0.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.38% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.68% and the 50-Day Moving Average is 2.7%. Fiesta Restaurant Group (NASDAQ:FRGI): stock turned positive on Friday. Though the stock opened at $22.6, the bulls momentum made the stock top out at $23.1 level for the day. The stock recorded a low of $22.33 and closed the trading day at $22.805, in the green by 0.68%. The total traded volume for the day was 695,465. The stock had closed at $22.65 in the previous days trading.


The company Insiders own 2.2% of Fiesta Restaurant Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.89% . During last six month period, the net percent change held by insiders has seen a change of -4.03%. Also, Jefferies maintains their rating on the shares of Fiesta Restaurant Group (NASDAQ:FRGI). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $23 per share from $27 per share. The rating by the firm was issued on August 4, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.