Sterne Agee Initiates Fiesta Restaurant With Buy

Analysts at Sterne Agee initiated coverage on shares of Fiesta Restaurant Group FRGI with a Buy rating. The target price for Fiesta Restaurant is set to $67. Fiesta Restaurant shares have jumped 25.96% over the past 52 weeks, while the S&P 500 index has gained 14.30% in the same period. Fiesta Restaurant's shares rose 1.74% to close at $58.46 yesterday.