Fiesta Restaurant Group Inc. (NASDAQ:FRGI) finished Wednesday with an addition of $0.01 to close at $8.35, an upside of 0.12 percent. An average of 805,160 shares of common stock have been traded in the last five days. There was a gain of $0.76 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 225,250 shares traded, while the 50-day average volume stands at 166,828.
FRGI stock has increased by 3.34% in the last month. The company shares reached their 1-month lowest point of $7.32 on 08/03/23. With the stock rallying to its 52-week high on 06/15/23, shares of the company touched a low of $5.89 and a high of $9.28 in 52 weeks. It has reached a new high 17 times so far this year and achieved 13.61% or $1.00 in price. In spite of this, the price is down -10.01% from the 52-week high.
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Valuation Metrics
Fiesta Restaurant Group Inc. (FRGI) stock’s beta is 1.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.55, the price-to-book (PB) ratio at 1.48.
Financial Health
The quick ratio of Fiesta Restaurant Group Inc. for the three months ended March 30 was 1.20, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Fiesta Restaurant Group Inc.’s EBITDA margin for the year ending March 30 is 1.68%, while its operating margin for the same period stands at -3.80%. Its gross profit as reported stood at $262.8 million compared to revenue of $387.35 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fiesta Restaurant Group Inc.’s return on assets was -4.30%.
Earnings Surprise
For the three-month period that ended March 30, Fiesta Restaurant Group Inc. had $0.36 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.91 million in the quarter, while revenues were grew 28.8%. The analyst consensus anticipated Fiesta Restaurant Group Inc.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.02, a 0.00% surprise. For the quarter, EBITDA amounted to $2.33 million. At the end of the quarter ending March 30, Fiesta Restaurant Group Inc.’s stock balance sheet showed total liabilities of 205.66 million. Shareholders own equity worth $26.06 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fiesta Restaurant Group Inc. (FRGI) price momentum. RSI 9-day as of the close on 09 August was 66.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.50%.
As of today, FRGI’s price is $8.15 +10.01% or $0.76 from its 5-day moving average. FRGI is currently trading +0.85% higher than its 20-day SMA and -1.65% lower than its 100-day SMA. However, the stock’s current price level is +14.38% above the SMA50 and +34.03% above the SMA200.
The stochastic %K and %D were 89.37% and 76.97%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 88.79% and the average true range at 0.29, the RSI (14) stands at 60.14%. The stock has reached 0.43 on the 9-day MACD Oscillator while the 14-day reading was at 0.46.
Analyst Ratings
Stephens launched coverage on Fiesta Restaurant Group Inc. (NASDAQ: FRGI) in its analyst report released on April 20, 2021. The firm assigned the stock an Overweight rating. The consensus rating for Fiesta Restaurant Group Inc. (FRGI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FRGI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is FRGI’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $14.00, with a median target of $14.00. Taking a look at these predictions, the average price target given by analysts for Fiesta Restaurant Group Inc. (FRGI) stock is $14.00.
