Fiesta Restaurant Group Inc. Receives Buy Rating from StockNews.com Analysts

Investment research firm StockNews.com has begun coverage on FRGI, officially known as Fiesta Restaurant Group Inc., anouncing it with a favorable 'buy' rating for the restaurant chain's stock. With this new analyst attention, Fiesta Restaurant Group is anticipated to draw increased interest from the investment community.

Market Dynamics of Fiesta Restaurant Group

FRGI stocks saw the week opening at $8.49. Currently, investors are weighing a 50-day moving average of $8.46 against a 200-day average of $8.14. In terms of year-long performance, the stock has fluctuated between a low of $6.00 and a high of $9.28, leading to a market capitalization of approximately $222.35 million. The price-to-earnings ratio stands at -40.43, together with a beta of 1.74, indicating its volatility in relation to the broader market.

Institutional Investor Activity in Fiesta Restaurant Group

Recent shifts in institutional holdings reveal significant changes. Tower Research Capital LLC TRC has notably increased its investment by 191.6%, now owning 4,234 shares with a value of about $34,000. The California State Teachers Retirement System has initiated a position by investing roughly $47,000 into FRGI. Similarly, BNP Paribas Arbitrage SNC has made an entry with a stake valued at around $49,000. Additionally, Citigroup Inc. C, a global financial services corporation, augmented its stakes by 37.9%, currently holding 7,267 shares worth $61,000. Making a substantial move, Wells Fargo & Company WFC, a major multinational financial services firm, increased its holdings by 4,272.3%, now possessing 6,777 shares valued at $54,000. These and other institutional investors now hold 99.67% of Fiesta Restaurant Group's shares.

About Fiesta Restaurant Group

Fiesta Restaurant Group Inc. FRGI operates its business through subsidiary chains, primarily the Pollo Tropical brand, known for fire-grilled and citrus-marinated chicken, as well as other tropical-inspired dishes. The company's commitment to its unique culinary experience and its fast-casual restaurant model is a cornerstone of its brand identity.

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