Revenue Update on Fiesta Restaurant Group Inc(NASDAQ:FRGI)

Fiesta Restaurant Group Inc(NASDAQ:FRGI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $181.53M. Analysts estimated a revenue of $183.55M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.40.

In a different note, On Jul 26, 2016, Jefferies said it Downgrades its rating on Fiesta Restaurant Group Inc. The shares have been rated ‘Hold’ by the firm. On May 10, 2016, Raymond James said it Downgrades its rating on Fiesta Restaurant Group Inc. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 10, 2016, Sterne Agee CRT said it Downgrades its rating on Fiesta Restaurant Group Inc. The shares have been rated ‘Neutral’ by the firm.

Fiesta Restaurant Group Inc (FRGI) made into the market gainers list on Fridays trading session with the shares advancing 0.68% or 0.155 points. Due to strong positive momentum, the stock ended at $22.805, which is also near the day’s high of $23.1. The stock began the session at $22.6 and the volume stood at 6,95,465 shares. The 52-week high of the shares is $56.1699 and the 52 week low is $20.15. The company has a current market capitalization of $614 M and it has 2,69,21,404 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Nicholas Daraviras (director) sold 4,000 shares at $25.28 per share price.Also, On May 26, 2016, Joseph A Zirkman (SVP & GC) sold 3,000 shares at $24.50 per share price.On May 11, 2016, Danny K Meisenheimer (COO) purchased 3,000 shares at $26.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Fiesta Restaurant Group Inc. (Fiesta) is engaged in the fast-casual restaurant industry with two restaurant concepts (each of which is an operating segment): Pollo Tropical and Taco Cabana. Pollo Tropical is a fast-casual restaurant brand offering a range of Caribbean food. Taco Cabana restaurants offers a range of hand-made Mexican food. The Company owns and operates 124 Pollo Tropical restaurants of which 107 are located in Florida 10 are located in Texas five are located in Georgia and two are located in Tennessee and franchised a total of 37 Pollo Tropical restaurants. Fiesta also owns and operates 167 Taco Cabana restaurants of which 162 are located in Texas three are located in Oklahoma and under the Cabana Grill logo one is located in Georgia and one is located in Florida and franchised a total of seven Taco Cabana restaurants. It has four Taco Cabana franchised restaurants located in New Mexico and three non-traditional Taco Cabana licensed locations in Texas.

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