Del Frisco’s Restaurant Group, Inc. (DFRG) Receives Consensus Rating of “Hold” from Analysts

Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) has been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $18.90.

A number of equities research analysts have commented on DFRG shares. Canaccord Genuity restated a “hold” rating and set a $19.00 price objective on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, April 25th. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Deutsche Bank AG reiterated a “hold” rating and set a $17.50 price target (up from $16.00) on shares of Del Frisco’s Restaurant Group in a report on Saturday, April 29th. TheStreet lowered Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a $20.00 price target on shares of Del Frisco’s Restaurant Group in a report on Monday, July 24th.

In other Del Frisco’s Restaurant Group news, VP Thomas G. Dritsas purchased 7,194 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $13.97 per share, with a total value of $100,500.18. Following the transaction, the vice president now directly owns 10,848 shares in the company, valued at approximately $151,546.56. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ian Russell Carter purchased 12,200 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of $14.00 per share, for a total transaction of $170,800.00. Following the completion of the transaction, the director now owns 38,339 shares in the company, valued at $536,746. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 57,394 shares of company stock worth $809,299. Company insiders own 2.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of DFRG. ClariVest Asset Management LLC increased 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 valued at $109,000 after buying an additional 1,073 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Del Frisco’s Restaurant Group during the first quarter valued at approximately $126,000. First Quadrant L P CA acquired a new position in shares of Del Frisco’s Restaurant Group during the second quarter valued at approximately $200,000. AXA acquired a new position in shares of Del Frisco’s Restaurant Group during the second quarter valued at approximately $203,000. Finally, Cigna Investments Inc. New acquired a new position in shares of Del Frisco’s Restaurant Group during the second quarter valued at approximately $205,000.

Shares of Del Frisco’s Restaurant Group (NASDAQ DFRG) traded down 0.69% on Tuesday, hitting $14.35. 103,471 shares of the stock traded hands. The company’s 50 day moving average is $14.78 and its 200 day moving average is $16.58. Del Frisco’s Restaurant Group has a one year low of $13.01 and a one year high of $18.80. The stock has a market cap of $303.17 million, a price-to-earnings ratio of 24.66 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 Zacks’ 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 business posted $0.19 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Del Frisco’s Restaurant Group will post $0.76 EPS for the current year.

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.