Wedbush analyst Nick Setyan maintained a Buy rating on Fiesta (FRGI) today and set a price target of $28. The company’s shares closed yesterday at $24.94.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.8% and a 63.8% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fiesta with a $30.33 average price target.
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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 $8.26 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.
