Very Favorable Media Coverage Somewhat Likely to Affect Fiesta Restaurant Group (FRGI) Stock Price

Press coverage about Fiesta Restaurant Group (NASDAQ:FRGI) has trended very positive on Tuesday, Alpha One reports. The research group, a unit of Accern, identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fiesta Restaurant Group earned a news sentiment score of 0.50 on Alpha One’s scale. Alpha One also gave news coverage about the restaurant operator an impact score of 64 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Alpha One Sentiment Analysis’s rankings:

Insider Buying and Selling by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

Shares of Fiesta Restaurant Group (NASDAQ:FRGI) traded down 1.18% during mid-day trading on Tuesday, reaching $20.85. 100,834 shares of the company traded hands. The stock’s 50-day moving average is $22.54 and its 200-day moving average is $25.05. Fiesta Restaurant Group has a 52 week low of $19.40 and a 52 week high of $30.65. The company’s market capitalization is $558.51 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, May 8th. The restaurant operator reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $175.60 million during the quarter, compared to analyst estimates of $177.63 million. Fiesta Restaurant Group had a negative net margin of 1.16% and a positive return on equity of 12.01%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. On average, equities analysts predict that Fiesta Restaurant Group will post $1.14 EPS for the current fiscal year.

Several research analysts recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a research report on Tuesday, April 4th. Wedbush restated an “outperform” rating and set a $28.00 price target on shares of Fiesta Restaurant Group in a research report on Tuesday, March 7th. Stephens downgraded shares of Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price target for the company. in a research report on Tuesday, May 9th. Canaccord Genuity restated a “hold” rating and set a $25.00 price target on shares of Fiesta Restaurant Group in a research report on Tuesday, May 9th. Finally, Zacks Investment Research cut shares of Fiesta Restaurant Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Fiesta Restaurant Group currently has an average rating of “Hold” and an average target price of $27.57.

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In other news, Director Brian P. Friedman acquired 28,093 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average price of $21.65 per share, with a total value of $608,213.45. Following the completion of the transaction, the director now directly owns 32,681 shares in the company, valued at approximately $707,543.65. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brian P. Friedman acquired 309,115 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was purchased at an average cost of $21.12 per share, with a total value of $6,528,508.80. Following the transaction, the director now owns 36,270 shares of the company’s stock, valued at $766,022.40. The disclosure for this purchase can be found here. In the last three months, insiders bought 351,595 shares of company stock valued at $7,451,569. Company insiders own 2.20% of the company’s stock.

About Fiesta Restaurant Group

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

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