$175.15 Million in Sales Expected for Fiesta Restaurant Group Inc (NASDAQ:FRGI) This Quarter
Wall Street analysts expect Fiesta Restaurant Group Inc (NASDAQ:FRGI) to announce $175.15 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Fiesta Restaurant Group’s earnings, with estimates ranging from $172.09 million to $178.20 million. Fiesta Restaurant Group reported sales of $176.83 million during the same quarter last year, which indicates a negative year over year growth rate of 1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, August 7th.
On average, analysts expect that Fiesta Restaurant Group will report full-year sales of $682.06 million for the current fiscal year, with estimates ranging from $673.81 million to $690.30 million. For the next financial year, analysts forecast that the business will report sales of $704.16 million, with estimates ranging from $698.71 million to $709.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Fiesta Restaurant Group.
Fiesta Restaurant Group (NASDAQ:FRGI) last released its quarterly earnings data on Monday, May 6th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The firm had revenue of $165.85 million during the quarter, compared to the consensus estimate of $163.15 million. Fiesta Restaurant Group had a return on equity of 6.55% and a net margin of 0.86%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS.
In other Fiesta Restaurant Group news, major shareholder Jefferies Financial Group Inc. purchased 138,571 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $13.56 per share, with a total value of $1,879,022.76. Following the completion of the transaction, the insider now owns 3,954,430 shares in the company, valued at $53,622,070.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 1,588,075 shares of company stock valued at $21,794,537. 1.40% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. raised its holdings in Fiesta Restaurant Group by 440.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,700 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 2,200 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Fiesta Restaurant Group by 386.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,434 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 4,317 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Fiesta Restaurant Group in the 4th quarter worth approximately $105,000. Metropolitan Life Insurance Co. NY increased its stake in Fiesta Restaurant Group by 259.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,881 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 4,968 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Fiesta Restaurant Group in the 1st quarter worth approximately $106,000. Hedge funds and other institutional investors own 93.20% of the company’s stock.
Shares of Fiesta Restaurant Group stock traded down $0.36 on Tuesday, hitting $10.41. The company had a trading volume of 296,785 shares, compared to its average volume of 235,603. The company has a market capitalization of $285.78 million, a price-to-earnings ratio of 17.35 and a beta of -0.05. Fiesta Restaurant Group has a twelve month low of $10.17 and a twelve month high of $30.55. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.81 and a quick ratio of 0.76. The company has a 50-day simple moving average of $12.53.
Fiesta Restaurant Group Company Profile
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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