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Is Fiesta Restaurant Group Inc (FRGI) Going to Burn These Hedge Funds?

We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article we look at what those investors think of Fiesta Restaurant Group Inc (NASDAQ:FRGI).

Fiesta Restaurant Group Inc (NASDAQ:FRGI) shareholders have witnessed an increase in hedge fund interest recently. FRGI was in 18 hedge funds’ portfolios at the end of the third quarter of 2015. There were 17 hedge funds in our database with FRGI holdings at the end of the previous quarter. At the end of this article we will also compare FRGI to other stocks, including SAGE Therapeutics Inc (NASDAQ:SAGE), Itron, Inc. (NASDAQ:ITRI), and ExlService Holdings, Inc. (NASDAQ:EXLS) to get a better sense of its popularity.

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With all of this in mind, let’s view the fresh action regarding Fiesta Restaurant Group Inc (NASDAQ:FRGI).

Hedge fund activity in Fiesta Restaurant Group Inc (NASDAQ:FRGI)

At the Q3’s end, a total of 18 of the hedge funds tracked by Insider Monkey were long this stock, a change of 6% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Gregg J. Powers’ Private Capital Management has the biggest position in Fiesta Restaurant Group Inc (NASDAQ:FRGI), worth close to $9.6 million, comprising 1.1% of its total 13F portfolio. Coming in second is George McCabe’s Portolan Capital Management, with a $6.9 million position; the fund has 0.9% of its 13F portfolio invested in the stock. Other professional money managers that hold long positions contain David M. Markowitz’s Oskie Capital Management, Israel Englander’s Millennium Management and Drew Cupps’ Cupps Capital Management.

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