Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) Brief Interest Update


Fiesta Restaurant Group, Inc. (NASDAQ:FRGI – Get Rating) benefited from a sharp drop in short-term interest rates in September. As of September 30, there was selling interest totaling 184,900 shares, down 12.0% from the September 15 total of 210,000 shares. Based on an average daily trading volume of 39,400 shares, the days-to-cover ratio is currently 4.7 days. Currently, 0.8% of the stock’s shares are sold short.

Changes to analyst ratings

Separately, began covering Fiesta Restaurant Group in a research note on Wednesday. They issued a “buy” rating for the company.

Fiesta Restaurant Group shares fall 0.2%

Shares of NASDAQ FRGI traded at $0.01 in Friday’s midday session, hitting $6.27. The stock recorded trading volume of 11,723 shares, compared to an average trading volume of 33,503 shares. The company has a fifty-day moving average price of $6.86 and a 200-day moving average price of $7.10. The company has a market capitalization of $163.02 million, a price-earnings ratio of 36.88 and a beta of 1.90. Fiesta Restaurant Group has a 1-year minimum of $5.89 and a 1-year maximum of $12.19.

Fiesta Restaurant Group (NASDAQ:FRGI – Get Rating) last released its quarterly results on Thursday, August 11. The restaurateur reported EPS ($0.09) for the quarter. The company posted revenue of $98.49 million for the quarter. Fiesta Restaurant Group had a negative return on equity of 5.35% and a net margin of 1.33%.

Hedge funds weigh on Fiesta restaurant group

A number of institutional investors have recently changed their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of Fiesta Restaurant Group by 1.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,547,280 shares of the restaurateur valued at $32,468,000 after buying 43,964 additional shares last quarter. CastleKnight Management LP purchased a new stake in shares of Fiesta Restaurant Group in Q2 valued at approximately $307,000. PDT Partners LLC purchased a new stake in Fiesta Restaurant Group stock in Q2 valued at approximately $80,000. Cubist Systematic Strategies LLC purchased a new stake in Fiesta Restaurant Group stock in Q2 valued at approximately $268,000. Finally, Private Capital Management LLC increased its stake in Fiesta Restaurant Group shares by 15.3% in the 2nd quarter. Private Capital Management LLC now owns 1,492,127 shares of the restaurateur valued at $10,654,000 after acquiring 198,017 additional shares in the last quarter.

About Fiesta Restaurant Group

(Get a rating)

Fiesta Restaurant Group, Inc., together with its subsidiaries, owns, operates and franchises quick service restaurants. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brands. The company’s Pollo Tropical restaurants offer grilled and citrus-marinated chicken, as well as other freshly prepared tropical-inspired dishes; and Taco Cabana restaurants that feature hand-prepared Mexican-inspired dishes.

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