Fiesta Restaurant Group, Inc. (FRGI): Nicholas Daraviras , director of Fiesta Restaurant Group, Inc. sold 4,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $25.28 per share for a total value of $101,112.03 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Joseph A Zirkman (SVP & GC) sold 3,000 shares at $24.50 per share price.On May 11, 2016, Danny K Meisenheimer (COO) purchased 3,000 shares at $26.29 per share price.Also, 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.
Fiesta Restaurant Group Inc: On Friday, May 27, 2016 heightened volatility was witnessed in Fiesta Restaurant Group Inc which led to swings in the share price. The shares opened for trading at $24.59 and hit $25.54 on the upside , eventually ending the session at $25.46, with a gain of 3.96% or 0.97 points. The heightened volatility saw the trading volume jump to 3,10,675 shares. The 52-week high of the share price is $62.5 and the company has a market cap of $685 M . The 52-week low of the share price is at $22.95.
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.