Fiesta Restaurant Group, Inc. (FRGI) Stock Rating Reaffirmed by Wedbush

Two of the closed Pollo Tropical stores in San Antonio may be rebranded Taco Cabana restaurants Fiesta Restaurant Group said Friday

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Sees Stock Price Rise – Up by 6.637%

Concourse Capital Management Llc, a Georgia-based fund reported 85,082 shares. Richard C. Stockinger, CEO purchased $49,992 worth of shares at an average price of $17.15 on Wednesday the 6th.

The stock increased 7.08% or $1.2 on September 15, reaching $18.15. 322.35 million shares or 0.59% more from 320.45 million shares in 2016Q3 were reported. Middleby Corp (NASDAQ:MIDD) has risen 8.18% since September 17, 2016 and is uptrending. It has underperformed by 8.31% the S&P500. The legal version of this story can be viewed at https://www.truebluetribune.com/2017/09/21/insider-buying-fiesta-restaurant-group-inc-frgi-director-acquires-4657400-00-in-stock.html. Following the completion of the acquisition, the chief executive officer now owns 79,235 shares in the company, valued at $1,711,476. FRGI's profit will be $6.46 million for 18.91 P/E if the $0.24 EPS becomes a reality. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by ($0.03).

Since May 10, 2017, it had 6 buys, and 0 sales for $7.54 million activity. 2,300 shares were bought by ALPERIN BARRY J, worth $48,693. RAUCH STACEY bought 2,000 shares worth $43,000.

With almost 25 percent of its company base in the Houston metropolitan area, Fiesta Restaurant Group felt a heavy impact from Hurricane Harvey. Therefore 11% are positive. The rating was downgraded by Jefferies on Tuesday, July 26 to "Hold". (NASDAQ:FRGI) Director Brian P. Friedman purchased 290,000 shares of the stock in a transaction that occurred on Monday, September 11th. Raymond James upgraded the shares of FRGI in report on Thursday, November 19 to "Strong Buy" rating. Raymond James Financial, Inc. reaffirmed a "market perform" rating on shares of Fiesta Restaurant Group in a report on Monday, July 24th. The rating was maintained by Wedbush on Tuesday, March 7 with "Outperform". The company was downgraded on Monday, August 29 by Piperjaffray. The rating was downgraded by Sterne Agee CRT to "Neutral" on Tuesday, May 10. Out of 4 Wall Street analysts rating Fiesta Restaurant, 1 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". The firm has "Hold" rating given on Thursday, August 4 by Jefferies.

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Investors sentiment decreased to 1.03 in Q4 2016. Moreover, Penn Mngmt Co has 1.2% invested in Fiesta Restaurant Group Inc (NASDAQ:FRGI) for 700,458 shares.

Institutional investors and hedge funds have recently made changes to their positions in the business. Fiesta Restaurant Group Inc (FRGI) has declined 2.73% since September 17, 2016 and is downtrending. Fiesta Restaurant Group Inc had 14 analyst reports since November 19, 2015 according to SRatingsIntel. It worsened, as 57 investors sold Conagra Brands Inc shares while 203 reduced holdings. Blackrock Institutional Trust Na holds 0% or 706,562 shares. Shares for $14,400 were bought by FROST PHILLIP MD ET AL. Municipal Employees Retirement System of MI bought a new stake in shares of Fiesta Restaurant Group during the third quarter valued at approximately $151,000. (NASDAQ:HALO), its shares were trading at $16.25 a gain of $0.27, on the trading floor. Camarda Finance Advisors Ltd Liability accumulated 655 shares or 0.02% of the stock. Guggenheim Ltd Limited Liability Company accumulated 0% or 7,513 shares. Caxton Assocs Limited Partnership invested in 35,000 shares. (Fiesta) owns, operates and franchises approximately two fast-casual restaurant brands, Pollo Tropical and Taco Cabana.

The parent of Pollo Tropical and Taco Cabana said that all but one of its 43 Houston-area Taco Cabana company stores have reopened. It now has negative earnings. Pollo Tropical restaurants offer Caribbean menu items, featuring its bone-in chicken marinated in blend of tropical fruit juices and grilled over an open flame.

Since March 29, 2017, it had 0 buys, and 1 insider sale for $245,528 activity. 4,000 Middleby Corp (NASDAQ:MIDD) shares with value of $513,200 were sold by LINDSAY MARTIN M. Macquarie Group Limited reported 608,159 shares stake. (NASDAQ:OPK) news were published by: Seekingalpha.com which released: "Opko: Why I Am Cautiously Bullish" on September 08, 2017, also Fool.com with their article: "Why Opko Health Stock Edged Higher in August" published on September 11, 2017, Fool.com published: "Here's Why the Best Is Yet to Come for Opko Health Inc." on September 14, 2017.

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