Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) CFO Thomas J. Pennison, Jr. sold 2,827 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $17.74, for a total transaction of $50,150.98. Following the sale, the chief financial officer now owns 44,536 shares in the company, valued at approximately $790,068.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) traded down 1.99% on Wednesday, reaching $17.25. 126,068 shares of the company’s stock traded hands. The firm has a market cap of $376.46 million, a price-to-earnings ratio of 25.75 and a beta of 0.93. Del Frisco's Restaurant Group Inc has a 52-week low of $13.01 and a 52-week high of $18.80. The stock’s 50 day moving average is $17.88 and its 200 day moving average is $17.15.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. Del Frisco's Restaurant Group had a net margin of 5.36% and a return on equity of 8.15%. The company had revenue of $83.89 million during the quarter, compared to the consensus estimate of $84.08 million. During the same period in the previous year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Del Frisco's Restaurant Group Inc will post $0.84 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Del Frisco's Restaurant Group Inc (DFRG) CFO Thomas J. Pennison, Jr. Sells 2,827 Shares” was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/05/17/del-friscos-restaurant-group-inc-dfrg-cfo-thomas-j-pennison-jr-sells-2827-shares.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in DFRG. FMR LLC raised its position in shares of Del Frisco's Restaurant Group by 2.0% in the first quarter. FMR LLC now owns 2,338,515 shares of the restaurant operator’s stock worth $42,210,000 after buying an additional 46,065 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Del Frisco's Restaurant Group by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,395,582 shares of the restaurant operator’s stock worth $25,190,000 after buying an additional 190,478 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Del Frisco's Restaurant Group by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,182,539 shares of the restaurant operator’s stock worth $20,103,000 after buying an additional 83,008 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Del Frisco's Restaurant Group by 17.1% in the first quarter. Wellington Management Group LLP now owns 1,068,102 shares of the restaurant operator’s stock worth $19,279,000 after buying an additional 155,999 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Del Frisco's Restaurant Group by 6.1% in the first quarter. Vanguard Group Inc. now owns 957,474 shares of the restaurant operator’s stock worth $17,282,000 after buying an additional 54,626 shares during the last quarter.

DFRG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Del Frisco's Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, February 2nd. TheStreet upgraded shares of Del Frisco's Restaurant Group from a “c+” rating to a “b-” rating in a report on Wednesday, February 1st. Canaccord Genuity restated a “hold” rating and set a $19.00 price target on shares of Del Frisco's Restaurant Group in a report on Tuesday, April 25th. Finally, Deutsche Bank AG restated a “hold” rating and set a $17.50 price target (up previously from $16.00) on shares of Del Frisco's Restaurant Group in a report on Saturday, April 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Del Frisco's Restaurant Group presently has an average rating of “Hold” and a consensus price target of $17.75.

About Del Frisco's Restaurant Group

Del Frisco’s Restaurant Group, Inc develops, owns and operates three contemporary, complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). As of December 27, 2016, the Company operated 53 restaurants in 24 states and the District of Columbia in the United States.

5 Day Chart for NASDAQ:DFRG

Receive News & Ratings for Del Frisco's Restaurant Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.