Del Frisco’s Restaurant Group Inc (DFRG) Updates FY14 Earnings Guidance
Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.94-0.98 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.04, American Banking News.com reports.
A number of analysts have recently weighed in on DFRG shares. Analysts at Thomson Reuters/Verus upgraded shares of Del Frisco’s Restaurant Group from a sell rating to a hold rating in a research note on Monday. On a related note, analysts at EVA Dimensions LLC downgraded shares of Del Frisco’s Restaurant Group from an overweight rating to a hold rating in a research note on Friday, February 21st. Finally, analysts at Stephens initiated coverage on shares of Del Frisco’s Restaurant Group in a research note on Friday, December 13th. They set an overweight rating on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $25.67.
Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) opened at 24.26 on Wednesday. Del Frisco’s Restaurant Group Inc has a 1-year low of $15.63 and a 1-year high of $24.68. The stock’s 50-day moving average is $23.23 and its 200-day moving average is $20.80. The company has a market cap of $577.7 million and a price-to-earnings ratio of 38.72.
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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