Fiesta Restaurant Group, Inc. Reports Fourth Quarter and Full Year 2016 Results

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Fiesta Restaurant Group (FRGI) PT Lowered to $28 at Wedbush

February 28, 2017 7:48 AM EST

Wedbush lowered its price target on Fiesta Restaurant Group (NASDAQ: FRGI) to $28.00 (from $32.00) while maintaining a Outperform rating. Adjusted EPS of $0.27 was in-line with consensus.

Analyst Nick Setyan commented, "We believe FRGI's current valuation ascribes a negative value to future cash flows... More