Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) from a hold rating to a strong sell rating in a report published on Wednesday, July 19th.
According to Zacks, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas. “
A number of other research firms have also commented on DFRG. Canaccord Genuity reaffirmed a hold rating and issued a $19.00 price objective on shares of Del Frisco’s Restaurant Group in a research note on Tuesday, April 25th. Deutsche Bank AG reaffirmed a hold rating and issued a $17.50 price objective (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research note on Saturday, April 29th. Finally, TheStreet lowered shares of Del Frisco’s Restaurant Group from a b rating to a c+ rating in a research note on Wednesday, June 7th. 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. Del Frisco’s Restaurant Group has a consensus rating of Hold and an average target price of $18.75.
Del Frisco’s Restaurant Group (NASDAQ DFRG) opened at 14.65 on Wednesday. The firm’s 50 day moving average price is $15.08 and its 200-day moving average price is $16.71. Del Frisco’s Restaurant Group has a 52 week low of $13.01 and a 52 week high of $18.80. The stock has a market cap of $309.51 million, a price-to-earnings ratio of 25.17 and a beta of 0.80.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, July 21st. The restaurant operator reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The firm had revenue of $82.30 million during the quarter, compared to analyst estimates of $81.92 million. During the same period in the prior year, the business posted $0.19 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Del Frisco’s Restaurant Group will post $0.76 EPS for the current year.
In other Del Frisco’s Restaurant Group news, CEO Norman J. Abdallah acquired 15,000 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Tuesday, July 25th. The stock was acquired at an average price of $14.11 per share, with a total value of $211,650.00. Following the purchase, the chief executive officer now owns 52,712 shares in the company, valued at $743,766.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ian Russell Carter bought 12,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average price of $14.00 per share, for a total transaction of $170,800.00. Following the acquisition, the director now directly owns 38,339 shares in the company, valued at $536,746. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 57,394 shares of company stock valued at $809,299. 2.70% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors raised its position in shares of Del Frisco’s Restaurant Group by 0.8% in the first quarter. Nationwide Fund Advisors now owns 19,177 shares of the restaurant operator’s stock worth $346,000 after buying an additional 152 shares during the last quarter. Rhumbline Advisers raised its position in shares of Del Frisco’s Restaurant Group by 1.9% in the second quarter. Rhumbline Advisers now owns 26,097 shares of the restaurant operator’s stock worth $420,000 after buying an additional 485 shares during the last quarter. American International Group Inc. raised its position in shares of Del Frisco’s Restaurant Group by 7.1% in the first quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock worth $263,000 after buying an additional 970 shares during the last quarter. ClariVest Asset Management LLC raised its position in shares of Del Frisco’s Restaurant Group by 21.6% in the first quarter. ClariVest Asset Management LLC now owns 6,047 shares of the restaurant operator’s stock worth $109,000 after buying an additional 1,073 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Del Frisco’s Restaurant Group by 5.0% in the first quarter. Teachers Advisors LLC now owns 39,650 shares of the restaurant operator’s stock worth $716,000 after buying an additional 1,903 shares during 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.
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