Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) issued its quarterly earnings data on Friday. The restaurant operator reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.02, Bloomberg Earnings reports. The business had revenue of $82.30 million for the quarter, compared to the consensus estimate of $81.92 million. Del Frisco’s Restaurant Group had a net margin of 4.42% and a return on equity of 7.76%. Del Frisco’s Restaurant Group’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 EPS.

Del Frisco’s Restaurant Group (DFRG) traded down 2.26% during midday trading on Friday, reaching $15.15. 308,991 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $16.12 and a 200 day moving average price of $17.03. The company has a market cap of $330.63 million, a P/E ratio of 22.61 and a beta of 0.83. Del Frisco’s Restaurant Group has a 12 month low of $13.01 and a 12 month high of $18.80.

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A number of equities analysts have recently commented on DFRG shares. Canaccord Genuity reissued a “hold” rating and issued a $19.00 price target on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, April 25th. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Deutsche Bank AG reissued a “hold” rating and issued a $17.50 price target (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research report on Saturday, April 29th. Finally, TheStreet lowered shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.75.

In other 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 transaction 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 SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DFRG. FMR LLC raised its stake in Del Frisco’s Restaurant Group by 83.2% in the fourth quarter. FMR LLC now owns 2,292,450 shares of the restaurant operator’s stock valued at $38,972,000 after buying an additional 1,041,300 shares during the period. Thomson Horstmann & Bryant Inc. raised its stake in Del Frisco’s Restaurant Group by 180.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 443,340 shares of the restaurant operator’s stock valued at $8,002,000 after buying an additional 285,190 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 valued at $25,190,000 after buying an additional 190,478 shares during the period. Wellington Management Group LLP raised its stake in 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 valued at $19,279,000 after buying an additional 155,999 shares during the period. Finally, Kempen Capital Management N.V. raised its stake in Del Frisco’s Restaurant Group by 189.1% in the first quarter. Kempen Capital Management N.V. now owns 204,214 shares of the restaurant operator’s stock valued at $3,686,000 after buying an additional 133,576 shares during the period. 97.06% of the stock is currently owned by institutional investors.

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.

Earnings History for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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