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Fiesta Restaurant (FRGI) Catches Eye: Stock Jumps 5.8%


Fiesta Restaurant Group, Inc. FRGI was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside was driven by the New York Post’s report that the company has put itself up for sale. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $23.74 to $26.48 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Fiesta Restaurant currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.


A better-ranked stock in the same industry is Restaurant Brands International Inc. QSR, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is FRGI going up? Or down? Predict to see what others think: Up or Down

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