Del Frisco’s Restaurant Group Receives “Buy” Rating from Deutsche Bank (DFRG)
Del Frisco’s Restaurant Group (NASDAQ:DFRG)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. They currently have a $24.00 price objective on the stock. Deutsche Bank’s target price indicates a potential upside of 26.78% from the company’s current price.
Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded down 0.16% during mid-day trading on Thursday, hitting $18.90. 72,257 shares of the company’s stock traded hands. Del Frisco’s Restaurant Group has a 52-week low of $12.67 and a 52-week high of $23.34. The stock’s 50-day moving average is $19.53 and its 200-day moving average is $19.38. The company has a market cap of $449.7 million and a price-to-earnings ratio of 33.62.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.01. 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. Analysts expect that Del Frisco’s Restaurant Group will post $0.94 EPS for the current fiscal year.
DFRG has been the subject of a number of other recent research reports. 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. Five investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $25.67.
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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