Zacks: Brokerages Expect Fiesta Restaurant Group Inc (FRGI) to Post $0.24 Earnings Per Share
Equities analysts expect Fiesta Restaurant Group Inc (NASDAQ:FRGI) to announce earnings per share (EPS) of $0.24 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Fiesta Restaurant Group’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.25. Fiesta Restaurant Group reported earnings of $0.25 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 4%. The firm is scheduled to report its next earnings results on Monday, August 5th.
On average, analysts expect that Fiesta Restaurant Group will report full year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.61 to $0.72. For the next financial year, analysts anticipate that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.68 to $0.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Fiesta Restaurant Group.
Fiesta Restaurant Group (NASDAQ:FRGI) last posted its quarterly earnings data on Monday, May 6th. The restaurant operator reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The business had revenue of $165.85 million during the quarter, compared to analyst estimates of $163.15 million. Fiesta Restaurant Group had a net margin of 0.86% and a return on equity of 6.55%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share.
NASDAQ FRGI opened at $13.95 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $373.63 million, a price-to-earnings ratio of 23.25 and a beta of 0.21. Fiesta Restaurant Group has a one year low of $12.27 and a one year high of $30.88.
In other news, CEO Richard C. Stockinger bought 3,290 shares of the stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of $15.25 per share, with a total value of $50,172.50. Following the completion of the acquisition, the chief executive officer now directly owns 88,190 shares in the company, valued at $1,344,897.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jefferies Financial Group Inc. bought 138,571 shares of the stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of $13.56 per share, for a total transaction of $1,879,022.76. Following the acquisition, the insider now owns 3,954,430 shares of the company’s stock, valued at $53,622,070.80. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 309,670 shares of company stock worth $4,115,747. Insiders own 1.40% of the company’s stock.
Several large investors have recently modified their holdings of FRGI. Jefferies Financial Group Inc. boosted its holdings in shares of Fiesta Restaurant Group by 15.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 3,786,621 shares of the restaurant operator’s stock valued at $56,269,000 after acquiring an additional 516,043 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in shares of Fiesta Restaurant Group by 370.5% in the first quarter. Kennedy Capital Management Inc. now owns 432,798 shares of the restaurant operator’s stock valued at $5,674,000 after acquiring an additional 340,806 shares in the last quarter. Norges Bank purchased a new stake in shares of Fiesta Restaurant Group in the fourth quarter valued at about $4,188,000. Assenagon Asset Management S.A. purchased a new stake in shares of Fiesta Restaurant Group in the fourth quarter valued at about $3,061,000. Finally, Portolan Capital Management LLC boosted its holdings in shares of Fiesta Restaurant Group by 188.3% in the fourth quarter. Portolan Capital Management LLC now owns 260,169 shares of the restaurant operator’s stock valued at $4,035,000 after acquiring an additional 169,924 shares in the last quarter. 96.61% of the stock is currently owned by institutional investors and hedge funds.
About Fiesta Restaurant Group
Fiesta Restaurant Group, Inc, through its subsidiaries, owns, operates, and franchises fast-casual restaurants. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brands. The company's Pollo Tropical restaurants offer fire-grilled and citrus marinated chicken, and other freshly prepared tropical inspired menu items; and Taco Cabana restaurants that provide Mexican inspired food made fresh by hand.
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