Wedbush Starts Fiesta Restaurant Group (FRGI) at Outperform
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Price: $8.49 --0%
Rating Summary:
4 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush initiates coverage on Fiesta Restaurant Group (NASDAQ: FRGI) with a Outperform. PT $24.00.
The firm comments, "We believe FRGI’s current discount to growth peers is unwarranted given Pollo Tropical’s best-in-class unit economics, SSS growth outperformance and continued momentum, acceleration in unit development and revenue growth, the prospect of monetization of Taco Cabana, and the likelihood of increased investor awareness of these factors going forward."
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 $17.91 yesterday.
The firm comments, "We believe FRGI’s current discount to growth peers is unwarranted given Pollo Tropical’s best-in-class unit economics, SSS growth outperformance and continued momentum, acceleration in unit development and revenue growth, the prospect of monetization of Taco Cabana, and the likelihood of increased investor awareness of these factors going forward."
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 $17.91 yesterday.
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