Simplex Trading adds Fiesta Restaurant Group Inc (FRGI) to its portfolio

Fiesta Restaurant Group Inc (FRGI) : Simplex Trading added new position in Fiesta Restaurant Group Inc during the most recent quarter end. The investment management firm now holds 34,507 shares of Fiesta Restaurant Group Inc which is valued at $835,414 , the company said in a statement filed on Oct 7, 2016 with the SEC.Fiesta Restaurant Group Inc makes up approximately 0.11% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in FRGI by selling 280 shares or 8.02% in the most recent quarter. The Hedge Fund company now holds 3,210 shares of FRGI which is valued at $77,714. Fiesta Restaurant Group Inc makes up approx 0.01% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in FRGI in the latest quarter, The investment management firm added 3,089 additional shares and now holds a total of 4,325 shares of Fiesta Restaurant Group Inc which is valued at $106,438.

Fiesta Restaurant Group Inc closed down -0.26 points or -1.06% at $24.21 with 5,12,880 shares getting traded on Friday. Post opening the session at $24.47, the shares hit an intraday low of $23.6 and an intraday high of $24.51 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Fiesta Restaurant Group Inc reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.40. The company had revenue of $181.50 million for the quarter, compared to analysts expectations of $183.88 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Fiesta Restaurant Group Inc. Fiesta Restaurant Group Inc was Downgraded by Piper Jaffray to ” Neutral” on Aug 29, 2016. Shares were Reiterated by Wedbush on Aug 4, 2016 to “Outperform” and Lowered the Price Target to $ 32 from a previous price target of $47 .Fiesta Restaurant Group Inc was Downgraded by Jefferies to ” Hold” on Jul 26, 2016.

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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