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Fiesta Restaurant Group (FRGI) Target, Estimates Raised at Jefferies

December 19, 2013 7:40 AM EST Send to a Friend
Get Alerts FRGI Hot Sheet
Price: $49.10 -1.17%

Rating Summary:
    7 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 12 | New: 33
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Jefferies reiterated a Buy rating on Fiesta Restaurant Group (NASDAQ: FRGI), rasied estimates and raised its price target from $45 to $57.

"With the completion of its 3.1mm share offering (with shoe) in November and related redemption of 8.875% notes, we are raising our EPS to reflect the accretion of these transactions," analyst Alexander Slagle notes. "Our '13/14 EPS goes to $0.81/1.26 (from $0.77/$1.00) & our PT goes to $57. While the stock has been strong (+215% vs. S&P 27% YTD), key metrics remain in great shape & we continue to think there is room for FRGI shares to move higher over time, as SSS & EPS surprise to the upside."

For an analyst ratings summary and ratings history on Fiesta Restaurant Group click here. For more ratings news on Fiesta Restaurant Group click here.

Shares of Fiesta Restaurant Group closed at $48.28 yesterday.




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