Fiesta Restaurant Group Inc (FRGI) : Falcon Point Capital scooped up 257,032 additional shares in Fiesta Restaurant Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 626,152 shares of Fiesta Restaurant Group Inc which is valued at $15,284,370.Fiesta Restaurant Group Inc makes up approximately 2.56% of Falcon Point Capital’s portfolio.
Other Hedge Funds, Including , American Century Companies Inc sold out all of its stake in FRGI during the most recent quarter. The investment firm sold 23,319 shares of FRGI which is valued $569,217. Meeder Asset Management Inc added FRGI to its portfolio by purchasing 2,686 company shares during the most recent quarter which is valued at $67,714. Fiesta Restaurant Group Inc makes up approx 0.01% of Meeder Asset Management Inc’s portfolio. Arcadia Investment Management Corpmi added FRGI to its portfolio by purchasing 21 company shares during the most recent quarter which is valued at $510.Ct Financial Advisors reduced its stake in FRGI by selling 2,375 shares or 92.13% in the most recent quarter. The Hedge Fund company now holds 203 shares of FRGI which is valued at $4,758. Bnp Paribas Arbitrage Sa added FRGI to its portfolio by purchasing 1,236 company shares during the most recent quarter which is valued at $28,972.
Fiesta Restaurant Group Inc closed down -0.76 points or -3.29% at $22.34 with 7,58,982 shares getting traded on Friday. Post opening the session at $23, the shares hit an intraday low of $22.165 and an intraday high of $23.1655 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Fiesta Restaurant Group Inc reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.40. The company had revenue of $176.70 million for the quarter, compared to analysts expectations of $177.05 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Fiesta Restaurant Group Inc. Fiesta Restaurant Group Inc was Downgraded by Jefferies to ” Hold” on Jul 26, 2016. Standpoint Research Initiated Fiesta Restaurant Group Inc on Jul 7, 2016 to “Buy”, Price Target of the shares are set at $36.Fiesta Restaurant Group Inc was Downgraded by Sterne Agee CRT to ” Neutral” on May 10, 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.