Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) released its quarterly earnings results on Friday, July 21st. The restaurant operator reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by $0.02, Bloomberg Earnings reports. The company had revenue of $82.30 million for the quarter, compared to analyst estimates of $81.92 million. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share.
Del Frisco’s Restaurant Group (NASDAQ DFRG) opened at 14.45 on Wednesday. The firm’s 50-day moving average price is $15.53 and its 200-day moving average price is $16.88. The firm has a market cap of $305.29 million, a price-to-earnings ratio of 24.83 and a beta of 0.81. Del Frisco’s Restaurant Group has a 12 month low of $13.01 and a 12 month high of $18.80.
Several research firms recently commented on DFRG. Raymond James Financial, Inc. reissued an “outperform” rating and set a $20.00 price target on shares of Del Frisco’s Restaurant Group in a research report on Monday, July 24th. BidaskClub upgraded Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Monday. Zacks Investment Research downgraded Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. TheStreet downgraded Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $17.50 price target (up from $16.00) on shares of Del Frisco’s Restaurant Group in a report on Saturday, April 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $18.75.
In related news, CEO Norman J. Abdallah purchased 15,000 shares of the stock in a transaction dated Tuesday, July 25th. The stock was bought at an average cost of $14.11 per share, for a total transaction of $211,650.00. Following the completion of the acquisition, the chief executive officer now owns 52,712 shares of the company’s stock, valued at $743,766.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ian Russell Carter purchased 12,200 shares of the stock in a transaction dated Tuesday, July 25th. The shares were bought at an average price of $14.00 per share, with a total value of $170,800.00. Following the completion of the acquisition, the director now directly owns 38,339 shares of the company’s stock, valued at approximately $536,746. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 50,200 shares of company stock valued at $708,799. Company insiders own 2.70% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of 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 worth $38,972,000 after buying an additional 1,041,300 shares during the period. Thomson Horstmann & Bryant Inc. boosted its position in Del Frisco’s Restaurant Group by 180.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 443,340 shares of the restaurant operator’s stock worth $8,002,000 after buying an additional 285,190 shares during the period. Dimensional Fund Advisors LP boosted its position in Del Frisco’s Restaurant Group by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,395,582 shares of the restaurant operator’s stock worth $25,190,000 after buying an additional 190,478 shares during the period. Wellington Management Group LLP boosted its position in Del Frisco’s Restaurant Group by 17.1% in the first quarter. Wellington Management Group LLP now owns 1,068,102 shares of the restaurant operator’s stock worth $19,279,000 after buying an additional 155,999 shares during the period. Finally, Kempen Capital Management N.V. boosted its position in shares of Del Frisco’s Restaurant Group by 189.1% in the first quarter. Kempen Capital Management N.V. now owns 204,214 shares of the restaurant operator’s stock valued at $3,686,000 after buying an additional 133,576 shares during the last quarter. 99.73% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Del Frisco's Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
