Monday, September 11, 2017 10:15 PM ET
Fiesta Restaurant Group (FRGI) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
There was substantial buying activity in Fiesta Restaurant Group shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Brian P Friedman, Director — purchased 290,000 shares in the company having a market value of approximately $4,657,524. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the acquisition of 768,665 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,058,665 shares and have averaged 264,666 shares per transaction over this time period.
Insiders at Fiesta Restaurant Group have a level of buy/sell trades that is above the 37-peer company average over the last 90-day period. The Restaurants & Bars peer group saw 47 buy/sell trades during this period for an average of 1.3 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 1,084,008 shares purchased and 85,983 shares sold with company insiders acquiring 38,386 shares on average.
The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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