One company that should be on your radar is Fiesta Restaurant Group, Inc. ( FRGI ). The stock of this restaurant owner has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy. CHEESECAKE FACT (CAKE): Free Stock Analysis ReportCRACKER BARREL (CBRL): Free Stock Analysis ReportFIESTA RESTRNT (FRGI): Free Stock Analysis ReportJACK IN THE BOX (JACK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For FRGI's full year estimate, we have seen 3 estimates go higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from 79 cents a share a month ago to its current level at 81 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, FRGI has seen some pretty solid trading lately, as the company has moved higher by 11.5% in the past month.
If Fiesta Restaurant can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put FRGI on your watch list for the future.
Other top-ranked stocks worth considering in this space include The Cheesecake Factory Incorporated ( CAKE ), Cracker Barrel Old Country Store, Inc. ( CBRL ) and Jack in the Box Inc. ( JACK ). All these carry a Zacks Rank #2 (Buy).
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