Fiesta Restaurant Group (FRGI) Receives Analyst Rating

Fiesta Restaurant Group (FRGI) has an average broker rating of 2, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Fiesta Restaurant Group (FRGI) stock is expected to deviate a maximum of $3.88 from the average target price of $26.88 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $32 and the most muted being $23.


Also, In a research note released to the investors, PiperJaffray downgrades its rating on Fiesta Restaurant Group (NASDAQ:FRGI).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on August 29, 2016.

Fiesta Restaurant Group (NASDAQ:FRGI): After opening at $24.29, the stock dipped to an intraday low of $24.249 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $25.16 and the buying power remained strong till the end. The stock closed at $25 for the day, a gain of 2.80% for the day session. The total traded volume was 649,980. The stocks close on the previous trading day was $24.32.

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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