Wall Street brokerages predict that Del Frisco’s Restaurant Group (NASDAQ:DFRG) will report $85.62 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Del Frisco’s Restaurant Group’s earnings. The highest sales estimate is $89.10 million and the lowest is $82.11 million. Del Frisco’s Restaurant Group posted sales of $83.89 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. The firm is scheduled to issue its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full-year sales of $380.88 million for the current year, with estimates ranging from $373.40 million to $389.30 million. For the next year, analysts expect that the company will post sales of $457.69 million per share, with estimates ranging from $426.16 million to $481.22 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Del Frisco’s Restaurant Group.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). Del Frisco’s Restaurant Group had a negative net margin of 3.17% and a positive return on equity of 7.21%. The company had revenue of $121.89 million during the quarter, compared to analysts’ expectations of $123.12 million. During the same quarter in the prior year, the business earned $0.37 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year.
In other news, CEO Norman J. Abdallah purchased 15,000 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were bought at an average cost of $16.13 per share, with a total value of $241,950.00. Following the purchase, the chief executive officer now directly owns 67,712 shares of the company’s stock, valued at $1,092,194.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DFRG. Janus Henderson Group PLC boosted its position in shares of Del Frisco’s Restaurant Group by 95.2% in the third quarter. Janus Henderson Group PLC now owns 1,645,901 shares of the restaurant operator’s stock worth $23,948,000 after acquiring an additional 802,824 shares during the last quarter. LSV Asset Management boosted its position in shares of Del Frisco’s Restaurant Group by 115.0% in the fourth quarter. LSV Asset Management now owns 903,201 shares of the restaurant operator’s stock worth $13,773,000 after acquiring an additional 483,078 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Del Frisco’s Restaurant Group by 10.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,744,814 shares of the restaurant operator’s stock worth $25,387,000 after acquiring an additional 159,038 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of Del Frisco’s Restaurant Group in the fourth quarter worth approximately $2,093,000. Finally, J. Goldman & Co LP acquired a new stake in shares of Del Frisco’s Restaurant Group in the fourth quarter worth approximately $1,906,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:DFRG traded down $0.05 during mid-day trading on Monday, hitting $15.75. 169,743 shares of the company’s stock traded hands, compared to its average volume of 260,258. The company has a current ratio of 0.71, a quick ratio of 0.37 and a debt-to-equity ratio of 0.13. Del Frisco’s Restaurant Group has a 1 year low of $11.70 and a 1 year high of $18.85. The company has a market capitalization of $322.43, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.01.
Del Frisco’s Restaurant Group announced that its board has initiated a stock buyback program on Thursday, March 8th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Del Frisco’s Restaurant Group Company Profile
Del Frisco's Restaurant Group, Inc develops, owns, and operates restaurants in the United States. It owns and operates restaurants under the Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse, and Del Frisco's Grille brand names. The company offers steaks, as well as other menu selections, such as chops and fresh seafood.
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