Del Frisco’s Restaurant Group (DFRG) Releases Quarterly Earnings Results
Del Frisco’s Restaurant Group (NASDAQ:DFRG) announced its earnings results on Wednesday. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.01, Analyst Ratings News reports. The company had revenue of $54.20 million for the quarter, compared to the consensus estimate of $54.84 million. During the same quarter last year, the company posted $0.10 earnings per share.
Several analysts have recently commented on the stock. Analysts at Raymond James downgraded shares of Del Frisco’s Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Del Frisco’s Restaurant Group 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 investment analysts have rated the stock with a buy rating, Del Frisco’s Restaurant Group has a consensus rating of “Buy” and an average price target of $25.33.
Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) opened at 19.60 on Wednesday. Del Frisco’s Restaurant Group has a 52 week low of $12.67 and a 52 week high of $23.34. The stock has a 50-day moving average of $19.56 and a 200-day moving average of $19.38. The company has a market cap of $466.4 million and a price-to-earnings ratio of 34.81.
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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