Fiesta Restaurant Group Inc (NASDAQ:FRGI) Expected to Post Earnings of $0.15 Per Share

Wall Street analysts expect Fiesta Restaurant Group Inc (NASDAQ:FRGI) to announce $0.15 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Fiesta Restaurant Group’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.17. Fiesta Restaurant Group also reported earnings per share of $0.15 during the same quarter last year. The company is scheduled to report its next earnings report on Monday, May 4th.

According to Zacks, analysts expect that Fiesta Restaurant Group will report full year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.42 to $0.59. For the next financial year, analysts expect that the firm will report earnings of $0.49 per share, with EPS estimates ranging from $0.42 to $0.56. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Fiesta Restaurant Group.

Fiesta Restaurant Group (NASDAQ:FRGI) last announced its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.08). The firm had revenue of $159.46 million during the quarter, compared to analyst estimates of $166.41 million. Fiesta Restaurant Group had a positive return on equity of 4.43% and a negative net margin of 12.77%.

A number of analysts recently commented on FRGI shares. Piper Sandler lowered their price objective on Fiesta Restaurant Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. BidaskClub upgraded Fiesta Restaurant Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. Finally, Zacks Investment Research lowered Fiesta Restaurant Group from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Fiesta Restaurant Group currently has an average rating of “Hold” and a consensus target price of $11.00.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Fiesta Restaurant Group by 156.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,183 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 2,549 shares in the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of Fiesta Restaurant Group by 17.9% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,795 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 1,032 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Fiesta Restaurant Group during the 4th quarter worth approximately $109,000. Magnus Financial Group LLC bought a new stake in shares of Fiesta Restaurant Group during the 4th quarter worth approximately $144,000. Finally, Alpine Global Management LLC bought a new stake in shares of Fiesta Restaurant Group during the 4th quarter worth approximately $190,000. Institutional investors and hedge funds own 96.63% of the company’s stock.

FRGI stock traded up $0.12 during midday trading on Friday, reaching $3.96. The stock had a trading volume of 378,600 shares, compared to its average volume of 354,016. The business has a fifty day simple moving average of $7.95 and a two-hundred day simple moving average of $9.37. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 2.11. The firm has a market cap of $98.95 million, a price-to-earnings ratio of -1.24 and a beta of 0.70. Fiesta Restaurant Group has a twelve month low of $2.72 and a twelve month high of $14.53.

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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Earnings History and Estimates for Fiesta Restaurant Group (NASDAQ:FRGI)

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