Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Releases Quarterly Earnings Results

Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) posted its quarterly earnings results on Friday. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02, Bloomberg Earnings reports. The company had revenue of $82.30 million during the quarter, compared to the consensus estimate of $81.92 million. Del Frisco’s Restaurant Group had a net margin of 4.42% and a return on equity of 7.76%. Del Frisco’s Restaurant Group’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS.

Shares of Del Frisco’s Restaurant Group (NASDAQ DFRG) opened at 14.80 on Friday. Del Frisco’s Restaurant Group has a 52 week low of $13.01 and a 52 week high of $18.80. The firm has a market capitalization of $323.00 million, a P/E ratio of 22.09 and a beta of 0.83. The firm’s 50-day moving average is $16.12 and its 200 day moving average is $17.03.

In other Del Frisco’s Restaurant Group news, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $17.74, for a total value of $50,150.98. Following the sale, 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 SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

A number of large investors have recently bought and sold shares of DFRG. Hodges Capital Management Inc. raised its stake in Del Frisco’s Restaurant Group by 44.4% in the first quarter. Hodges Capital Management Inc. now owns 130,000 shares of the restaurant operator’s stock valued at $2,346,000 after buying an additional 40,000 shares during the period. TFS Capital LLC purchased a new stake in Del Frisco’s Restaurant Group during the first quarter valued at $1,282,000. Bank of New York Mellon Corp raised its stake in Del Frisco’s Restaurant Group by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 119,807 shares of the restaurant operator’s stock valued at $2,163,000 after buying an additional 3,800 shares during the period. Algert Global LLC purchased a new stake in Del Frisco’s Restaurant Group during the first quarter valued at $745,000. Finally, Wells Fargo & Company MN raised its stake in Del Frisco’s Restaurant Group by 42.5% in the first quarter. Wells Fargo & Company MN now owns 96,863 shares of the restaurant operator’s stock valued at $1,748,000 after buying an additional 28,882 shares during the period. Institutional investors own 97.06% of the company’s stock.

DFRG has been the topic of several research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $19.00 price target on shares of Del Frisco’s Restaurant Group in a report on Tuesday, April 25th. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Deutsche Bank AG reaffirmed a “hold” rating and issued 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 cut Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.75.

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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.