Del Frisco's Restaurant Group Director Norman J. Abdallah Unloads 4,500 Shares (DFRG)
Del Frisco's Restaurant Group (NASDAQ:DFRG) Director Norman J. Abdallah sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $25.86, for a total value of $116,370.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on DFRG. Analysts at Raymond James downgraded shares of Del Frisco's Restaurant Group from an “outperform” rating to a “market perform” rating in a research note on Friday, May 16th. Separately, analysts at Sterne Agee initiated coverage on shares of Del Frisco's Restaurant Group in a research note on Thursday, May 8th. They set a “buy” rating and a $25.99 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.00.
Shares of Del Frisco's Restaurant Group (NASDAQ:DFRG) traded up 1.60% during mid-day trading on Wednesday, hitting $26.11. 126,723 shares of the company’s stock traded hands. Del Frisco's Restaurant Group has a one year low of $17.53 and a one year high of $29.61. The stock has a 50-day moving average of $26.36 and a 200-day moving average of $23.97. The company has a market cap of $617.0 million and a price-to-earnings ratio of 46.73.
Del Frisco's Restaurant Group (NASDAQ:DFRG) last announced its earnings results on Tuesday, April 29th. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. The company had revenue of $66.60 million for the quarter, compared to the consensus estimate of $67.20 million. During the same quarter last year, the company posted $0.21 earnings per share. Del Frisco's Restaurant Group’s revenue was up 11.4% compared to the same quarter last year. On average, analysts predict that Del Frisco's Restaurant Group will post $0.97 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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