Top 5 Restaurant Stocks Under $10

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1. Fiesta Restaurant Group, Inc. (NASDAQ:FRGI)

Number of Hedge Fund Holders: 19

Stock Price: $6.87

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) is a Dallas, Texas-based fast casual and quick service restaurant chain operator through its Pollo Tropical locations.

Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) has remodeled its stores to enhance the customer experience. The company is also working on overcoming labor shortages by enhancing operational efficiency and preserving its value perceptions in the mind of cost-conscious consumers. Following the disposal of 148 locations of the Taco Cabana business unit to Yadav Enterprises for $85 million, Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) intends to remain singularly focused. Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) has worked on upgrading its drive-thru facilities and reopened curbside pickup at all its locations. Online check averages were more than 8% over the company average in Q2 2022, and comparable restaurant sales increased by 14.9% compared to the second quarter of 2021. Analysts think the management’s efforts to expand margins make Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) one of the best restaurant stocks to buy now.

Factorial Partners raised its stake in Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 31% during Q2 2022.

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