Del Frisco’s Restaurant Group Rating Lowered to Outperform at Raymond James (DFRG)
Del Frisco’s Restaurant Group (NASDAQ:DFRG) was downgraded by stock analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Separately, analysts at Stifel Nicolaus initiated coverage on shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) in a research note to investors on Monday, July 15th. They set a “buy” rating and a $32.00 price target on the stock. Four analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $25.33.
Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded down 1.74% on Tuesday, hitting $19.80. The stock had a trading volume of 63,258 shares. Del Frisco’s Restaurant Group has a 1-year low of $12.67 and a 1-year high of $23.34. The stock’s 50-day moving average is $19.63 and its 200-day moving average is $19.2. The company has a market cap of $471.1 million and a P/E ratio of 35.79.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its earnings results on Tuesday, July 16th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.01. The company had revenue of $60.40 million for the quarter, compared to the consensus estimate of $59.13 million. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts predict that Del Frisco’s Restaurant Group will post $0.95 earnings per share for the current fiscal year.
Del Frisco’s Restaurant Group, Inc is a holding company. The Company develops, owns and operates three contemporary, complementary restaurants: Del Frisco’s Double Eagle Steak House (NASDAQ:DFRG), Sullivan’s Steakhouse (Sullivan’s), and Del Frisco’s Grille, or the Grille.
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