Analyst Rating Update on Fiesta Restaurant Group (FRGI)

Fiesta Restaurant Group (FRGI) : The consensus on Fiesta Restaurant Group (FRGI) based on 5 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Fiesta Restaurant Group (FRGI) stock is expected to deviate a maximum of $8.22 from the average target price of $36.25 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $47 and the most muted being $27.

For the current week, the company shares have a recommendation consensus of Buy.


Fiesta Restaurant Group (NASDAQ:FRGI): The stock opened at $22.14 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.14 for the day. The stock traded down to $21.64 during the day, due to lack of any buying support eventually closed down at $21.93 with a loss of -0.72% for the day. The stock had closed at $22.09 on the previous day. The total traded volume was 906,899 shares.

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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