Fiesta Restaurant Group, Inc. CEO Tim Taft to Retire at Year-End

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Piper Jaffray Downgrades Fiesta Restaurant Group (FRGI) to Neutral

August 29, 2016 6:34 AM EDT

Piper Jaffray downgraded Fiesta Restaurant Group (NASDAQ: FRGI) from Overweight to Neutral with a price target of $25.00 (from $23.00), citing uncertainty around the CEO transition and strategic plan.

Analyst Nicole Miller Regan commented, "This change follows the recent announcement of the unexpected retirement of long-standing Fiesta CEO and... More