In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Fiesta (NASDAQ: FRGI), with a price target of $36. The company’s shares closed yesterday at $29.05, close to its 52-week high of $30.88.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 8.7% and a 65.9% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.
Currently, the analyst consensus on Fiesta is a Moderate Buy with an average price target of $29.67.
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Based on Fiesta’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $9.38 million. In comparison, last year the company had a GAAP net loss of $2.16 million.
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Fiesta Restaurant Group, Inc. engages in the acquisition, operation, and franchise of fast-casual restaurants. It operates through the following segments: Pollo Tropical, Taco Cabana, and Other. The Pollo Tropical segment offers a variety of Caribbean inspired food. The Taco Cabana segment serves a selection of Mexican inspired food.
