Wall Street brokerages forecast that Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) will post sales of $83.18 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Del Frisco’s Restaurant Group’s earnings, with the lowest sales estimate coming in at $82.13 million and the highest estimate coming in at $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 business is expected to announce its next earnings report before the market opens on Friday, July 21st.

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

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

A number of research firms recently commented on DFRG. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Canaccord Genuity reissued a “hold” rating and issued a $19.00 target price on shares of Del Frisco’s Restaurant Group in a research note on Tuesday, April 25th. TheStreet cut Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $17.50 target price (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research note on Saturday, April 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Del Frisco’s Restaurant Group has a consensus rating of “Hold” and a consensus price target of $17.75.

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

Hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors raised 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 valued at $346,000 after buying an additional 152 shares during the last quarter. American International Group Inc. raised 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 valued at $263,000 after buying an additional 970 shares during the last quarter. ClariVest Asset Management LLC raised 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 valued at $109,000 after buying an additional 1,073 shares during the last quarter. Teachers Advisors LLC raised 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 valued at $716,000 after buying an additional 1,903 shares during the last quarter. Finally, Bank of New York Mellon Corp raised 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 valued at $2,163,000 after buying an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Shares of Del Frisco’s Restaurant Group (DFRG) traded down 1.129% during trading on Thursday, hitting $15.325. The stock had a trading volume of 23,330 shares. Del Frisco’s Restaurant Group has a 1-year low of $13.01 and a 1-year high of $18.80. The firm’s 50 day moving average is $16.16 and its 200 day moving average is $17.04. The company has a market cap of $334.45 million, a PE ratio of 22.873 and a beta of 0.83.

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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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