Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas. “

Several other research analysts also recently weighed in on DFRG. Stifel Nicolaus downgraded shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $23.00 to $14.00 in a research report on Tuesday, July 26th. Canaccord Genuity began coverage on shares of Del Frisco’s Restaurant Group in a research report on Monday, August 22nd. They set a “hold” rating and a $15.00 price objective on the stock. Credit Suisse Group AG restated a “hold” rating and set a $17.00 price objective on shares of Del Frisco’s Restaurant Group in a research report on Friday, June 17th. Finally, TheStreet downgraded shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Del Frisco’s Restaurant Group presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded up 0.29% during midday trading on Wednesday, reaching $13.97. 216,352 shares of the company’s stock were exchanged. The stock has a market cap of $326.23 million, a price-to-earnings ratio of 19.68 and a beta of 0.86. The firm has a 50 day moving average of $14.97 and a 200-day moving average of $15.44. Del Frisco’s Restaurant Group has a one year low of $12.94 and a one year high of $17.15.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Del Frisco’s Restaurant Group had a net margin of 4.87% and a return on equity of 8.33%. The business had revenue of $79.90 million for the quarter, compared to the consensus estimate of $80.79 million. During the same period last year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Del Frisco’s Restaurant Group will post $0.83 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in DFRG. A.R.T. Advisors LLC increased its stake in shares of Del Frisco’s Restaurant Group by 0.6% in the second quarter. A.R.T. Advisors LLC now owns 31,937 shares of the company’s stock worth $457,000 after buying an additional 177 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Del Frisco’s Restaurant Group by 0.3% in the second quarter. Foundry Partners LLC now owns 136,365 shares of the company’s stock worth $1,953,000 after buying an additional 450 shares in the last quarter. Stoneridge Investment Partners LLC increased its stake in shares of Del Frisco’s Restaurant Group by 2.6% in the second quarter. Stoneridge Investment Partners LLC now owns 21,270 shares of the company’s stock worth $305,000 after buying an additional 537 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Del Frisco’s Restaurant Group by 4.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 18,168 shares of the company’s stock worth $301,000 after buying an additional 776 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Del Frisco’s Restaurant Group by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 63,481 shares of the company’s stock worth $910,000 after buying an additional 924 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Del Frisco’s Restaurant Group Company Profile

Del Frisco’s Restaurant Group, Inc is engaged in developing, owning and operating restaurants. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). Its operating segments are Del Frisco’s, Sullivan’s and Del Frisco’s Grille.

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