Del Frisco's Restaurant Group Rating Lowered to Underperform at Zacks (DFRG)
Del Frisco's Restaurant Group (NASDAQ:DFRG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Friday. They currently have a $20.90 price target on the stock. Zacks‘s price objective points to a potential downside of 4.65% from the company’s current price.
Del Frisco's Restaurant Group (NASDAQ:DFRG) traded down 1.27% during mid-day trading on Friday, hitting $21.73. 369,128 shares of the company’s stock traded hands. Del Frisco's Restaurant Group has a 52 week low of $17.53 and a 52 week high of $29.61. The stock’s 50-day moving average is $26.32 and its 200-day moving average is $25.70. The company has a market cap of $513.5 million and a P/E ratio of 39.30.
Del Frisco's Restaurant Group (NASDAQ:DFRG) last announced its earnings results on Tuesday, July 22nd. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.01. The company had revenue of $67.40 million for the quarter, compared to the consensus estimate of $69.08 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that Del Frisco's Restaurant Group will post $0.91 earnings per share for the current fiscal year.
DFRG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Del Frisco's Restaurant Group in a research note on Wednesday, June 25th. They now have a $31.00 price target on the stock, up previously from $30.00. Separately, analysts at Buckingham Research initiated coverage on shares of Del Frisco's Restaurant Group in a research note on Friday, June 6th. They set a “buy” rating and a $35.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $27.98.
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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