Inactive Instrument

Fiesta Restaurant Group, Inc.

FRGI

US31660B1017

Fiesta Restaurant : Jack in the Box's largest franchisee buys Taco Cabana

August 20, 2021 at 09:31 am EDT

Fiesta Restaurant Group Inc. has sold its remaining shares of Taco Cabana to YTC Enterprises LLC, an affiliate of Yadav Enterprises Inc., for $85 million, according to a company press release.

Fiesta, which owns Pollo Tropical, used the funds to pay off about $74.6 million in debt as well as to pay certain divestiture transaction fees and a $4.2 prepayment loan. Fiesta will also use a portion of the money to help accelerate Pollo Tropical's growth.

Yadav Enterprises, which is the largest Jack in the Box and TGI Friday's franchisee, also owns several Denny's locations.

Latest news about Fiesta Restaurant Group, Inc.

Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) dropped from S&P Global BMI Index	23-10-31	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) dropped from S&P TMI Index	23-10-31	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) dropped from NASDAQ Composite Index	23-10-30	CI
Authentic Restaurant Brands completed the acquisition of Fiesta Restaurant Group, Inc. from a group of shareholders.	23-10-29	CI
Fiesta Restaurant Expects Acquisition by Authentic Restaurant Brands to Close in Q4	23-09-06	MT
Tranche Update on Fiesta Restaurant Group, Inc.'s Equity Buyback Plan announced on February 26, 2018.	23-08-11	CI
Sector Update: Consumer Stocks Gaining Late Monday	23-08-07	MT
Sector Update: Consumer Stocks Gaining Monday Afternoon	23-08-07	MT
Fiesta Restaurant Agrees to Be Acquired by Authentic Restaurant Brands	23-08-07	MT
Earnings Flash (FRGI) FIESTA RESTAURANT GROUP Posts Q2 Revenue $106.8M	23-08-07	MT
Earnings Flash (FRGI) FIESTA RESTAURANT GROUP Reports Q2 EPS $0.19	23-08-07	MT
Fiesta Restaurant Group, Inc. Announces Impairment for the Quarter Ended July 2, 2023	23-08-07	CI
Fiesta Restaurant Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 02, 2023	23-08-07	CI
Fiesta Restaurant Group to Be Sold for $225 Million	23-08-07	MT
News Highlights : Top Company News of the Day	23-08-06	DJ
Authentic Restaurant Brands Reportedly to Buy Fiesta Restaurant for $225 Million	23-08-06	CI
Authentic Restaurant Brands acquired Fiesta Restaurant Group, Inc. from a group of shareholders for approximately $220 million.	23-08-06	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) added to Russell Small Cap Comp Value Index	23-06-23	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) added to Russell 3000 Index	23-06-23	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) added to Russell 2000 Value-Defensive Index	23-06-23	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) added to Russell Small Cap Completeness Index	23-06-23	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) added to Russell 2500 Value Index	23-06-23	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) added to Russell 2500 Index	23-06-23	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) added to Russell 2000 Index	23-06-23	CI
Fiesta Restaurant Group, Inc.(NasdaqGS:FRGI) dropped from Russell 3000E Growth Index	23-06-23	CI

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Company Profile

Fiesta Restaurant Group, Inc. owns, and operates the Pollo Tropical restaurant brand. The Company's restaurants operate in the fast-casual and quick-service restaurant segments. The Company operates approximately 137 Pollo Tropical restaurants, all of which are located in Florida. It franchises its Pollo Tropical restaurants primarily in international markets. The Pollo Tropical restaurants feature fire-grilled and crispy citrus-marinated chicken and other freshly prepared menu items. Its menu items include TropiChops, platters, sandwiches, wraps, and salads. It also offers side dishes, such as rice, beans, corn, plantains, and fried yuca. It also offers a selection of signature sauces that allow its guests to further customize their orders. Its dessert offerings include flan, cuatro leches, and key lime pie, as well as limited-time seasonal items, and beverages include fountain drinks, lemonade, flavored brewed teas, as well as frozen Tropichillers.

Sector

Restaurants & Bars

Calendar

2024-08-04 - Q2 2024 Earnings Release (Projected)

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