Del Frisco's Restaurant Group Lowered to Market Perform at Raymond James (DFRG)
Del Frisco's Restaurant Group (NASDAQ:DFRG) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $27.50 price target on the stock. Raymond James’ target price would suggest a potential upside of 4.72% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Del Frisco's Restaurant Group from $28.00 to $29.00 in a research note on Monday, April 14th. Separately, analysts at Piper Jaffray raised their price target on shares of Del Frisco's Restaurant Group from $25.00 to $32.00 in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $30.13.
Shares of Del Frisco's Restaurant Group (NASDAQ:DFRG) traded down 1.76% during mid-day trading on Tuesday, hitting $26.26. The stock had a trading volume of 386,538 shares. Del Frisco's Restaurant Group has a 52-week low of $15.63 and a 52-week high of $29.61. The stock has a 50-day moving average of $27.03 and a 200-day moving average of $22.87. The company has a market cap of $620.4 million and a P/E ratio of 52.41.
Del Frisco's Restaurant Group (NASDAQ:DFRG) last released its earnings data on Wednesday, February 26th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.02. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $99.87 million. During the same quarter last year, the company posted $0.31 earnings per share. Del Frisco's Restaurant Group’s revenue was up 20.5% compared to the same quarter last year. Analysts expect that Del Frisco's Restaurant Group will post $0.97 EPS 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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