Fiesta Restaurant Group, Inc. (FRGI) Files Form 4 Insider Buying : Danny K Meisenheimer Buys 3,000 Shares

Fiesta Restaurant Group, Inc. (FRGI): Danny K Meisenheimer , COO of Fiesta Restaurant Group, Inc. purchased 3,000 shares on May 11, 2016. The Insider buying transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $26.29 per share for a total value of $78,942.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 8, 2016, Timothy P Taft (CEO & President) sold 8,000 shares at $37.70 per share price.On Mar 3, 2016, Todd Coerver (COO, Taco Cabana) sold 3,936 shares at $35.00 per share price.Also, On Aug 5, 2015, John Alan Jr Todd (officer ) sold 822 shares at $58.15 per share price.On Aug 5, 2015, Danny K Meisenheimer (COO, Pollo Tropical) sold 685 shares at $58.15 per share price.

Shares of Fiesta Restaurant Group Inc (FRGI) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -6.05 points or -18.56% at $26.55 with 48,43,968 shares getting traded. Post opening the session at $28.46, the shares hit an intraday low of $25.785 and an intraday high of $29.1 and the price vacillated in this range throughout the day. The company has a market cap of $714 M and the number of outstanding shares has been calculated to be 2,69,08,207 shares. The 52-week high of Fiesta Restaurant Group Inc is $62.5 and the 52-week low is $25.785.

Fiesta Restaurant Group Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Fiesta Restaurant Group Inc is Downgraded by Sterne Agee CRT to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 10, 2016.Fiesta Restaurant Group Inc is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on May 10, 2016.Fiesta Restaurant Group Inc is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 47 from a previous price target of $53 . The Rating was issued on Apr 18, 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.

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