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Fiesta Restaurant (FRGI)

Fiesta Restaurant Group, Inc., owns, operates and franchises the Pollo Tropical® and Taco Cabana® restaurant brands. The brands specialize in the operation of fast casual/quick service restaurants that offer distinct and unique flavors with broad appeal at a compelling value. The brands feature fresh-made cooking, drive-thru service and catering.

Company profile

Ticker
FRGI
Exchange
Website
CEO
Richard C. Stockinger
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Pollo Franchise, Inc. • Pollo Operations, Inc. • Pollo Tropical Management, LLC • Pollo Tropical Beverages, LLC ...
IRS number
900712224

FRGI stock data

Calendar

11 Aug 22
28 Sep 22
29 Dec 22
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 42.89M 42.89M 42.89M 42.89M 42.89M 42.89M
Cash burn (monthly) (no burn) 2.23M 1.78M 1.51M (no burn) (no burn)
Cash used (since last report) n/a 6.36M 5.09M 4.3M n/a n/a
Cash remaining n/a 36.53M 37.8M 38.59M n/a n/a
Runway (months of cash) n/a 16.4 21.2 25.6 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 22 Rechtschaffen Andrew Common Stock, par value $0.01 per share Grant Acquire A No No 0 11,046 0 34,348
16 Jun 22 Daraviras Nicholas Common Stock, par value $0.01 per share Grant Acquire A No No 0 11,046 0 49,371
16 Jun 22 Twohig Paul E Common Stock, par value $0.01 per share Grant Acquire A No No 0 11,046 0 47,292
16 Jun 22 Shepherd Nicholas P Common Stock, par value $0.01 per share Grant Acquire A No No 0 11,046 0 41,869
16 Jun 22 Kaplan Sherrill Common Stock, par value $0.01 per share Grant Acquire A No No 0 11,046 0 35,791
13F holders Current Prev Q Change
Total holders 73 98 -25.5%
Opened positions 18 12 +50.0%
Closed positions 43 9 +377.8%
Increased positions 18 27 -33.3%
Reduced positions 29 38 -23.7%
13F shares Current Prev Q Change
Total value 172.57M 193.89M -11.0%
Total shares 22.54M 25.9M -13.0%
Total puts 107.6K 165.2K -34.9%
Total calls 0 0
Total put/call ratio Infinity Infinity NaN%
Largest owners Shares Value Change
JEF Jefferies Financial 5.26M $37.57M 0.0%
TROW T. Rowe Price 4.55M $32.47M +1.0%
AREX Capital Management 2.51M $17.91M 0.0%
Private Capital Management 1.49M $10.65M +15.3%
Dimensional Fund Advisors 1.27M $9.07M +6.2%
Boothbay Fund Management 1.26M $9.02M -0.2%
Vanguard 791.59K $5.65M -31.6%
Hawkeye Capital Management 566.15K $4.04M +59.7%
RBF Capital 544.98K $4.02M +5.5%
D. E. Shaw & Co. 508.84K $3.63M +20.8%
Largest transactions Shares Bought/sold Change
BLK Blackrock 370.69K -2.37M -86.5%
STT State Street 78.83K -515.89K -86.7%
Vanguard 791.59K -366.51K -31.6%
Millennium Management 350.96K +350.96K NEW
IVZ Invesco 0 -248.15K EXIT
Hawkeye Capital Management 566.15K +211.54K +59.7%
Private Capital Management 1.49M +198.02K +15.3%
Fuller & Thaler Asset Management 0 -163.54K EXIT
BK Bank Of New York Mellon 25.6K -151.74K -85.6%
Geode Capital Management 175.76K -144.46K -45.1%

Financial report summary

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Risks
  • The novel coronavirus (COVID-19) pandemic has adversely affected, and could continue to adversely affect, our operations and results of operations.
  • If we are not able to hire, train, reward and retain qualified restaurant employees and/or appropriately maintain our workforce, our growth plan and profitability could be adversely affected.
  • Increases in labor costs could adversely impact our operating results.
  • The market in which we compete is highly competitive, and we may not be able to compete effectively.
  • Factors applicable to the quick-service and fast-casual restaurant segments may adversely affect our results of operations, which may cause a decrease in earnings and revenues.
  • Our continued growth depends on our ability to open and operate new restaurants profitably, which in turn depends on our continued access to capital, and newly developed restaurants may not perform as we expect and there can be no assurance that our growth and development plans will be achieved.
  • Customer preferences and traffic could be adversely impacted by health concerns about certain food products, reports of food-borne illnesses or food safety issues, any of which could result in a decrease in demand for our products.
  • An increase in food costs, including those caused by the COVID-19 pandemic, could adversely affect our operating results.
  • If a significant disruption in service or supply by any of our suppliers or distributors were to occur, it could create disruptions in the operations of our restaurants, which could have a material adverse effect on our business.
  • The success of our marketing programs and the impact of those of our competitors could have a material adverse effect on our results of operations and financial condition.
  • Our inability or failure to recognize, respond to and effectively manage the accelerated impact of social media could have a material adverse impact on our business.
  • Cybersecurity breaches or other privacy or data security incidents that expose confidential guest, personal employee and other material, confidential information that is stored in our systems in connection with our electronic processing of credit and debit card transactions or security breaches of confidential employee information that is stored in our systems or by third parties on our behalf may adversely affect our business.
  • Our digital business, which we expect to grow as a percentage of sales, is subject to risks.
  • Our business is regional, and we therefore face risks related to reliance on certain markets as well as risks for other unforeseen events.
  • Economic downturns may adversely impact consumer spending patterns.
  • Our expansion into new markets may present increased risks due to a lack of market awareness of our brands.
  • Changes in accounting standards or the recognition of impairment or other charges may adversely affect our future results of operations.
  • Government regulation could adversely affect our financial condition and results of operations.
  • If one of our employees sells alcoholic beverages to an intoxicated patron or to a minor, we may be liable to third parties for the acts of the patron or incur significant fines or penalties.
  • We may incur significant liability or reputational harm if claims are brought against us or against our franchisees.
  • Our franchisees or licensees could take actions that harm our reputation.
  • Federal, state and local environmental regulations relating to the use, storage, discharge, emission and disposal of hazardous materials could expose us to liabilities, which could adversely affect our results of operations.
  • Major developments on trade relations could have a material adverse effect on our business.
  • We are subject to all of the risks associated with leasing property subject to long-term non-cancelable leases.
  • Our failure or inability to enforce our trademarks or other proprietary rights could adversely affect our competitive position or the value of our brand.
  • Our new senior credit facility restricts our ability to engage in some business and financial transactions.
  • We do not expect to pay any cash dividends for the foreseeable future, and our senior credit facility limits our ability to pay dividends to our stockholders.
  • If securities analysts do not publish research or reports about our business or if they downgrade our stock, the price of our stock could decline.
  • Percentage ownership of our common stock may be diluted in the future.
  • Proxy contests threatened or commenced against us could be disruptive and costly, and adversely affect our business, operation results and financial condition.
  • Provisions in our restated certificate of incorporation and amended and restated bylaws or Delaware law might discourage, delay or prevent a change of control of our company or changes in our management and, therefore, depress the trading price of our common stock.
Management Discussion
  • Unless otherwise noted, this discussion of operating results relates to our continuing operations.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: curbside, enabling, supplier
Removed: February