UPDATE: Jefferies Initiates Fiesta Restaurant Group with Buy on Momentum, Growth, Expansion

In a report published Wednesday, Jefferies analyst Alexander Slagle initiated coverage on Fiesta Restaurant Group (NASDAQ: FRGI ) with a Buy rating and $31.00 price target. In the report, Slagle noted, “We like SSS momentum, accelerating unit growth & margin expansion, which we think drives EPS upside & 25%+ growth