Del Frisco's Restaurant Group Short Interest Down 38.4% in July (DFRG)
Del Frisco's Restaurant Group (NASDAQ:DFRG) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 1,105,228 shares, a decline of 38.4% from the July 15th total of 1,793,636 shares, Stock Ratings News reports. Based on an average trading volume of 540,389 shares, the short-interest ratio is presently 2.0 days. Currently, 4.7% of the shares of the company are sold short.
In other Del Frisco's Restaurant Group news, CEO Mark Mednansky purchased 3,000 shares of Del Frisco's Restaurant Group stock on the open market in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $20.93 per share, for a total transaction of $62,790.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
DFRG has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Del Frisco's Restaurant Group in a research note on Friday, July 25th. They now have a $26.00 price target on the stock, down previously from $31.00. Separately, analysts at Zacks downgraded shares of Del Frisco's Restaurant Group from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $20.90 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $27.98.
Del Frisco's Restaurant Group (NASDAQ:DFRG) opened at 21.52 on Friday. 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 $24.03 and its 200-day moving average is $25.50. The company has a market cap of $506.6 million and a price-to-earnings ratio of 38.91.
Del Frisco's Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter 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.
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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