Wedbush Securities Believes Checks Indicate Fiesta Restaurant Group Is Posed For Upside in Q1

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In a report published Thursday, Wedbush Securities analyst Nick Seytan reiterated an Outperform rating and $82.00 price target on

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Fiesta Restaurant Group Inc.

(NASDAQ: FRGI).In the report, Wedbush Securities noted, "Checks indicate Q1 SSS growth ahead of expectations at both brands. Our recent checks indicate SSS growth is tracking ahead of 7.4% consensus and in-line with QTD SSS growth of 8.6% at Pollo, driven by increased advertising, coupons, and menu changes. Our recent Taco checks also indicate Q1 SSS growth is tracking above 3.7% consensus, and slightly ahead of 4.1% QTD SSS growth, driven by remodels and continued TX momentum."Fiesta Restaurant Group closed on Wednesday at $59.99.