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 12.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.57%, 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 2.08% in the last 1 week, and is up 12.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.54% and the 50-Day Moving Average is 8.74%.The 200 Day SMA reached 16.31%.
Fiesta Restaurant Group (NASDAQ:FRGI): After opening at $25.42, the stock dipped to an intraday low of $25.09 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $25.61 and the buying power remained strong till the end. The stock closed at $25.49 for the day, a gain of 0.71% for the day session. The total traded volume was 268,071. The stocks close on the previous trading day was $25.31.
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.