Fiesta Restaurant Group (NASDAQ:FRGI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Fiesta Restaurant Group (NASDAQ:FRGI – Get Rating) in a research report sent to investors on Thursday. The firm issued a buy rating on the restaurant operator’s stock.

Separately, EF Hutton Acquisition Co. I decreased their target price on shares of Fiesta Restaurant Group from $14.50 to $13.00 and set a buy rating on the stock in a research report on Monday, March 6th.

Fiesta Restaurant Group Stock Up 2.2 %

NASDAQ FRGI traded up $0.19 during mid-day trading on Thursday, reaching $8.68. 64,014 shares of the stock were exchanged, compared to its average volume of 22,223. Fiesta Restaurant Group has a 1-year low of $5.89 and a 1-year high of $9.24. The business’s fifty day simple moving average is $8.37 and its 200 day simple moving average is $7.32.

Hedge Funds Weigh In On Fiesta Restaurant Group

Hedge funds have recently made changes to their positions in the stock. First Manhattan Co. boosted its holdings in shares of Fiesta Restaurant Group by 250.0% in the 3rd quarter. First Manhattan Co. now owns 7,000 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 5,000 shares during the last quarter. Factorial Partners LLC boosted its holdings in shares of Fiesta Restaurant Group by 30.8% in the 3rd quarter. Factorial Partners LLC now owns 34,000 shares of the restaurant operator’s stock valued at $216,000 after purchasing an additional 8,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Fiesta Restaurant Group by 71.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 108,296 shares of the restaurant operator’s stock valued at $686,000 after purchasing an additional 44,961 shares during the last quarter. Boston Partners acquired a new position in shares of Fiesta Restaurant Group in the 3rd quarter valued at $1,546,000. Finally, CastleKnight Management LP acquired a new position in shares of Fiesta Restaurant Group in the 2nd quarter valued at $307,000. Institutional investors and hedge funds own 86.89% of the company’s stock.

About Fiesta Restaurant Group

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Fiesta Restaurant Group, Inc is a holding company, which engages in the acquisition, operation, and franchising of fast-casual restaurants. It operates through the Pollo Tropical and Other segments. The Pollo Tropical segment offers fire-grilled and crispy citrus marinated chicken and other freshly prepared tropical-inspired menu items.