Fiesta Restaurant Group, Inc. (FRGI) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on the company’s announcement of decent second-quarter results on Thursday, Jul 30. This led to solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 16.3% in the last one month.
The company has seen 4 positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Fiesta Restaurant. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Fiesta Restaurant currently has a Zacks Rank #3 (Hold).
A better-ranked restaurant stock is Carrols Restaurant Group, Inc. (TAST), carrying a Zacks Rank #2 (Buy).
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