Fiesta Restaurant Group (FRGI) : Traders are bullish on Fiesta Restaurant Group (FRGI) as it has outperformed the S&P 500 by a wide margin of 12.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.32%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.63% in the last 1 week, and is up 11.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 8.63% and the fifty day Moving Average is 7.49%. Fiesta Restaurant Group, Inc. has dropped 1.92% during the last three month period . Year-to-Date the stock performance stands at -25.68%.
Fiesta Restaurant Group (FRGI) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $32 and the lowest price target forecast is $23. The average forecast of all the analysts is $26.38 and the expected standard deviation is $4.31.
Fiesta Restaurant Group (NASDAQ:FRGI): stock turned positive on Friday. Though the stock opened at $23.56, the bulls momentum made the stock top out at $25.28 level for the day. The stock recorded a low of $23.35 and closed the trading day at $24.97, in the green by 9.21%. The total traded volume for the day was 1,756,049. The stock had closed at $22.865 in the previous days trading.
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.