Fiesta Restaurant Group, Inc. Price & Performance (FRGI)

Authentic Restaurant Brands has officially acquired Fiesta Restaurant Group, the parent company of Pollo Tropical. The deal positions Fiesta to operate privately, with Pollo Tropical continuing its Miami base. Leadership expects this move to strengthen financial footing and operational capability for future growth in the competitive fast-casual sector.12

Carrols Restaurant Group’s board has approved a plan to spin off Fiesta Restaurant Group, signaling another phase of corporate restructuring. The move comes amid broader industry consolidation and may reshape the competitive landscape for regional fast-casual chains, particularly those with strong local followings.34

Fiesta 2025 kicked off in San Antonio, drawing crowds and boosting local business, but ongoing construction projects in the city center are causing logistical headaches for merchants. The disruptions have forced some businesses to adapt quickly to maintain customer access during one of the city’s busiest annual events.56