Del Frisco’s Restaurant Group, Inc. (DFRG) Earns “Outperform” Rating from Raymond James Financial, Inc.

Raymond James Financial, Inc. restated their outperform rating on shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) in a research report report published on Monday, July 24th. The firm currently has a $20.00 price objective on the restaurant operator’s stock.

Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Del Frisco’s Restaurant Group from a hold rating to a strong sell rating in a report on Wednesday, July 19th. TheStreet cut Del Frisco’s Restaurant Group from a b rating to a c+ rating in a report on Wednesday, June 7th. Deutsche Bank AG reaffirmed a hold rating and issued a $17.50 target price (up from $16.00) on shares of Del Frisco’s Restaurant Group in a report on Saturday, April 29th. Finally, Canaccord Genuity reissued a hold rating and set a $19.00 price objective on shares of Del Frisco’s Restaurant Group in a research note on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $18.75.

Shares of Del Frisco’s Restaurant Group (NASDAQ DFRG) traded up 4.64% during trading on Monday, reaching $14.65. The company’s stock had a trading volume of 217,131 shares. The company has a 50 day moving average of $15.08 and a 200 day moving average of $16.71. Del Frisco’s Restaurant Group has a 12-month low of $13.01 and a 12-month high of $18.80. The company has a market cap of $309.51 million, a PE ratio of 25.17 and a beta of 0.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings data on Friday, July 21st. The restaurant operator reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Del Frisco’s Restaurant Group had a net margin of 3.73% and a return on equity of 7.39%. The business had revenue of $82.30 million during the quarter, compared to analysts’ expectations of $81.92 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Del Frisco’s Restaurant Group’s revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that Del Frisco’s Restaurant Group will post $0.76 EPS for the current fiscal year.

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In other Del Frisco’s Restaurant Group news, CEO Norman J. Abdallah bought 15,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were purchased at an average price of $14.11 per share, with a total value of $211,650.00. Following the completion of the purchase, the chief executive officer now owns 52,712 shares in the company, valued at approximately $743,766.32. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 44,536 shares in the company, valued at approximately $790,068.64. The disclosure for this sale can be found here. Insiders have acquired 57,394 shares of company stock worth $809,299 over the last three months. 2.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP boosted its position in Del Frisco’s Restaurant Group by 100.7% in the second quarter. OxFORD Asset Management LLP now owns 115,007 shares of the restaurant operator’s stock worth $1,852,000 after buying an additional 57,713 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Del Frisco’s Restaurant Group by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,585,776 shares of the restaurant operator’s stock worth $25,531,000 after buying an additional 190,194 shares in the last quarter. Piermont Capital Management Inc. acquired a new position in Del Frisco’s Restaurant Group during the second quarter worth approximately $1,317,000. Vanguard Group Inc. boosted its position in Del Frisco’s Restaurant Group by 4.4% in the second quarter. Vanguard Group Inc. now owns 999,420 shares of the restaurant operator’s stock worth $16,091,000 after buying an additional 41,946 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in Del Frisco’s Restaurant Group by 143.7% in the second quarter. GSA Capital Partners LLP now owns 86,451 shares of the restaurant operator’s stock worth $1,392,000 after buying an additional 50,973 shares in the last quarter.

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.

Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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