Del Frisco’s Restaurant Group, Inc. (DFRG) Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 15.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,395,582 shares of the restaurant operator’s stock after buying an additional 190,478 shares during the period. Dimensional Fund Advisors LP owned approximately 6.39% of Del Frisco’s Restaurant Group worth $25,190,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Del Frisco’s Restaurant Group by 2.0% in the first quarter. FMR LLC now owns 2,338,515 shares of the restaurant operator’s stock worth $42,210,000 after buying an additional 46,065 shares during the period. Macquarie Group Ltd. boosted its position in 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 worth $20,103,000 after buying an additional 83,008 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. Vanguard Group Inc. boosted its position in Del Frisco’s Restaurant Group by 6.1% in the first quarter. Vanguard Group Inc. now owns 957,474 shares of the restaurant operator’s stock worth $17,282,000 after buying an additional 54,626 shares during the period. Finally, 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.

Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) traded down 1.37% during midday trading on Friday, reaching $14.40. 27,621 shares of the company traded hands. The firm has a market capitalization of $304.23 million, a PE ratio of 24.74 and a beta of 0.80. The company has a 50-day moving average of $14.88 and a 200 day moving average of $16.63. Del Frisco’s Restaurant Group, Inc. has a 12-month low of $13.01 and a 12-month high of $18.80.

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

COPYRIGHT VIOLATION WARNING: This article was posted by [[site]] and is owned by of [[site]]. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at [[permalink]].

Several equities analysts have recently weighed in on DFRG shares. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $20.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Monday, July 24th. Canaccord Genuity restated a “hold” rating and issued a $19.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Tuesday, April 25th. Deutsche Bank AG restated 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 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.75.

In other Del Frisco’s Restaurant Group news, Director Ian Russell Carter purchased 12,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were bought at an average cost of $14.00 per share, for a total transaction of $170,800.00. Following the purchase, the director now owns 38,339 shares of the company’s stock, valued at approximately $536,746. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas G. Dritsas bought 7,194 shares of the stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $13.97 per share, for a total transaction of $100,500.18. Following the completion of the purchase, the vice president now directly owns 10,848 shares in the company, valued at $151,546.56. The disclosure for this purchase can be found here. Insiders have purchased a total of 57,394 shares of company stock worth $809,299 over the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

About Del Frisco’s Restaurant Group

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.