Tuesday, August 29, 2017 10:15 PM ET
Insider purchase at Fiesta Restaurant Group (FRGI) prolongs buy activity of Last 90 Days
An insider — Brian P Friedman, Director — bought 125,000 shares of Fiesta Restaurant Group having a market value of approximately $2,159,853 today, as revealed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 822,754 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 947,754 shares and have averaged 157,959 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Fiesta Restaurant Group is higher than the 37-company peer group average. Restaurants & Bars peer group saw 46 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Fiesta Restaurant Group insiders was also higher. Within the peer group there were 1,178,147 shares purchased and 108,638 shares sold with company insiders acquiring 36,880 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to create and write this story.
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