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Fiesta Restaurant Group, Inc. (FRGI) operates, and franchises fast-casual restaurants.
It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brand names.
The companys Pollo Tropical restaurants offer various Caribbean food, and Taco Cabana restaurants offer a selection of Mexican food.
As of September 28, 2014, it owned and operated 119 Pollo Tropical and 166 Taco Cabana restaurants; and franchised 36 Pollo Tropical restaurants in the United States, Puerto Rico, the Bahamas, Ecuador, Guatemala, Honduras, Panama, Trinidad & Tobago, Venezuela, and the Dominican Republic; and 7 Taco Cabana restaurants in the United States.
Shares have formed a bullish "cup & handle." The formation is supported by the stock's 30-day moving average. Higher share prices are expected.
52-Week Trading Range: $35.34 - $69.00
Entry Point: $66.00
Stop Loss: $62.70
Target Price: $72.60
FRGI is down with the market (last traded at $60.80) and is now sitting just below its 50-day moving average. We will wait and see if that level is going to hold before registering our losses. This level has been a strong support in the last 10 months. Please stay tuned.
FRGI closed at $59.05 after its failure to hold to its 50-day MA.
