In terms of the restaurant stocks, Fiesta Restaurant Group is riding as high as Johnny Football Manziel with a rolled up dollar bill in a bathroom at Tao Nightclub at the Venetian.
In particular, compared to its peers there is no contest, as most of them have busted charts.
But Fiesta is attempting a multi-quarter breakout from consolidation, with the $49-$53 band of supply being the critical area to clear. Until then, I would focus on potentially building a position in increments.
The brand has a solid reputation and may also be a buyout candidate.
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Burritos AND Loco Chicken – has to be undervalued.
It’s a sleeper