Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.90.
Several research firms have issued reports on DFRG. BidaskClub upgraded Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. 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 note on Monday, July 24th. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. TheStreet lowered Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $17.50 target price (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research note on Saturday, April 29th.
Shares of Del Frisco’s Restaurant Group (DFRG) traded up 0.36% during trading on Friday, reaching $14.00. The company’s stock had a trading volume of 73,881 shares. The company has a 50 day moving average price of $15.18 and a 200 day moving average price of $16.75. The firm has a market capitalization of $295.78 million, a P/E ratio of 24.05 and a beta of 0.80. Del Frisco’s Restaurant Group has a 52 week low of $13.01 and a 52 week high of $18.80.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its earnings results on Friday, July 21st. 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. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The business had revenue of $82.30 million for the quarter, compared to analyst estimates of $81.92 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Del Frisco’s Restaurant Group will post $0.76 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Del Frisco’s Restaurant Group, Inc. (DFRG) Receives $18.90 Consensus Target Price from Analysts” was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/18/del-friscos-restaurant-group-inc-dfrg-receives-18-90-consensus-target-price-from-analysts-updated-updated.html.
In other news, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $17.74, for a total transaction of $50,150.98. Following the completion of the sale, the chief financial officer now directly owns 44,536 shares in the company, valued at approximately $790,068.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Norman J. Abdallah acquired 15,000 shares of the company’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 acquisition, the chief executive officer now owns 52,712 shares in the company, valued at $743,766.32. The disclosure for this purchase can be found here. Insiders acquired a total of 57,394 shares of company stock valued at $809,299 over the last quarter. 2.40% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Thomson Horstmann & Bryant Inc. increased its stake 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 last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $25,190,000 after buying an additional 190,478 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of 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 valued at $19,279,000 after buying an additional 155,999 shares in the last quarter. Kempen Capital Management N.V. increased its stake 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 in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Del Frisco’s Restaurant Group by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,182,539 shares of the restaurant operator’s stock valued at $20,103,000 after buying an additional 83,008 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.
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.
