Parametric Portfolio Associates LLC lowered its stake in Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 13.1% during the first quarter, Holdings Channel reports. The institutional investor owned 68,421 shares of the restaurant operator’s stock after selling 10,313 shares during the period. Parametric Portfolio Associates LLC’s holdings in Del Frisco’s Restaurant Group were worth $1,235,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of DFRG. State Street Corp raised its position in Del Frisco’s Restaurant Group by 7.0% in the fourth quarter. State Street Corp now owns 404,989 shares of the restaurant operator’s stock valued at $6,887,000 after buying an additional 26,397 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Del Frisco’s Restaurant Group by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,104 shares of the restaurant operator’s stock valued at $20,487,000 after buying an additional 76,125 shares in the last quarter. FMR LLC raised its position in Del Frisco’s Restaurant Group by 83.2% in the fourth quarter. FMR LLC now owns 2,292,450 shares of the restaurant operator’s stock valued at $38,972,000 after buying an additional 1,041,300 shares in the last quarter. Renaissance Technologies LLC raised its position in Del Frisco’s Restaurant Group by 54.1% in the fourth quarter. Renaissance Technologies LLC now owns 35,125 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 12,325 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Del Frisco’s Restaurant Group by 29.5% in the fourth quarter. AQR Capital Management LLC now owns 96,067 shares of the restaurant operator’s stock valued at $1,633,000 after buying an additional 21,864 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.
Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) opened at 15.50 on Friday. The company’s 50 day moving average price is $16.12 and its 200-day moving average price is $17.03. The firm has a market capitalization of $338.27 million, a P/E ratio of 23.13 and a beta of 0.83. Del Frisco’s Restaurant Group, Inc. has a 12 month low of $13.01 and a 12 month high of $18.80.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its earnings results on Tuesday, April 25th. The restaurant operator reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Del Frisco’s Restaurant Group had a return on equity of 7.76% and a net margin of 4.42%. The business had revenue of $83.89 million for the quarter, compared to analysts’ expectations of $84.08 million. During the same quarter last year, the company posted $0.23 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Del Frisco’s Restaurant Group, Inc. will post $0.83 earnings per share for the current fiscal year.
DFRG has been the topic of several analyst reports. Canaccord Genuity reiterated a “hold” rating and set a $19.00 price target on shares of Del Frisco’s Restaurant Group in a report on Tuesday, April 25th. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Deutsche Bank AG reiterated a “hold” rating and set a $17.50 price target (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a report on Saturday, April 29th. Finally, TheStreet lowered Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Del Frisco’s Restaurant Group currently has an average rating of “Hold” and a consensus target price of $17.75.
In related news, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $17.74, for a total transaction of $50,150.98. Following the transaction, the chief financial officer now directly owns 44,536 shares in the company, valued at $790,068.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.
Del Frisco’s Restaurant Group Company Profile
Del Frisco’s Restaurant Group, Inc develops, owns and operates three contemporary, complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). As of December 27, 2016, the Company operated 53 restaurants in 24 states and the District of Columbia in the United States.
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