Analysts predict that Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) will report $83.18 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Del Frisco’s Restaurant Group’s earnings, with estimates ranging from $82.13 million to $83.92 million. Del Frisco’s Restaurant Group posted sales of $79.92 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The company is expected to issue its next quarterly earnings report on Thursday, July 20th.

On average, analysts expect that Del Frisco’s Restaurant Group will report full-year sales of $83.18 million for the current year, with estimates ranging from $358.87 million to $370.53 million. For the next financial year, analysts forecast that the business will report sales of $394.24 million per share, with estimates ranging from $385.49 million to $403.39 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Del Frisco’s Restaurant Group.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $83.89 million during the quarter, compared to analyst estimates of $84.08 million. Del Frisco’s Restaurant Group had a return on equity of 7.76% and a net margin of 4.42%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share.

A number of brokerages have issued reports on DFRG. Canaccord Genuity reissued a “hold” rating and set a $19.00 price objective on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, April 25th. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. TheStreet downgraded shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research report on Wednesday, June 7th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $17.50 price objective (up from $16.00) on shares of Del Frisco’s Restaurant Group in a research report on Saturday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.75.

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In other news, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $17.74, for a total value of $50,150.98. Following the sale, the chief financial officer now directly owns 44,536 shares of the company’s stock, valued at approximately $790,068.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in DFRG. Nationwide Fund Advisors increased its stake in Del Frisco’s Restaurant Group by 0.8% in the first quarter. Nationwide Fund Advisors now owns 19,177 shares of the restaurant operator’s stock worth $346,000 after buying an additional 152 shares in the last quarter. American International Group Inc. increased its stake in Del Frisco’s Restaurant Group by 7.1% in the first quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock worth $263,000 after buying an additional 970 shares in the last quarter. ClariVest Asset Management LLC increased its stake in Del Frisco’s Restaurant Group by 21.6% in the first quarter. ClariVest Asset Management LLC now owns 6,047 shares of the restaurant operator’s stock worth $109,000 after buying an additional 1,073 shares in the last quarter. Teachers Advisors LLC increased its stake in Del Frisco’s Restaurant Group by 5.0% in the first quarter. Teachers Advisors LLC now owns 39,650 shares of the restaurant operator’s stock worth $716,000 after buying an additional 1,903 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Del Frisco’s Restaurant Group by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 119,807 shares of the restaurant operator’s stock worth $2,163,000 after buying an additional 3,800 shares in the last quarter. 96.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) opened at 16.15 on Friday. The firm has a market capitalization of $352.46 million, a PE ratio of 24.10 and a beta of 0.82. The firm has a 50-day moving average of $17.06 and a 200-day moving average of $17.34. Del Frisco’s Restaurant Group has a 12-month low of $13.01 and a 12-month high of $18.80.

Del Frisco’s Restaurant Group Company Profile

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.

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