Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) CEO Norman J. Abdallah acquired 15,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were bought at an average cost of $14.11 per share, for a total transaction of $211,650.00. Following the purchase, the chief executive officer now directly owns 52,712 shares of the company’s stock, valued at approximately $743,766.32. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ DFRG) traded up 0.36% during trading on Tuesday, hitting $13.90. The stock had a trading volume of 389,965 shares. The stock’s 50 day moving average is $15.96 and its 200-day moving average is $17.00. The company has a market cap of $293.67 million, a PE ratio of 23.88 and a beta of 0.83. Del Frisco’s Restaurant Group, Inc. has a 12-month low of $13.01 and a 12-month high of $18.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, July 21st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.02. Del Frisco’s Restaurant Group had a return on equity of 7.28% and a net margin of 3.73%. The business had revenue of $82.30 million for the quarter, compared to analyst estimates of $81.92 million. During the same quarter last year, the business earned $0.19 EPS. Del Frisco’s Restaurant Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts forecast that Del Frisco’s Restaurant Group, Inc. will post $0.77 earnings per share for the current year.

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Large investors have recently bought and sold shares of the company. ClariVest Asset Management LLC boosted 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 period. SG Americas Securities LLC acquired a new stake in Del Frisco’s Restaurant Group during the first quarter valued at about $126,000. First Quadrant L P CA acquired a new stake in Del Frisco’s Restaurant Group during the second quarter valued at about $200,000. American International Group Inc. boosted 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 period. Finally, Highbridge Capital Management LLC acquired a new stake in Del Frisco’s Restaurant Group during the first quarter valued at about $297,000. Institutional investors and hedge funds own 97.06% of the company’s stock.

DFRG has been the topic of a number of recent research reports. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Canaccord Genuity reissued a “hold” rating and set a $19.00 price objective on shares of Del Frisco’s Restaurant Group in a research note on Tuesday, April 25th. Deutsche Bank AG reissued a “hold” rating and set a $17.50 price objective (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research note on Saturday, April 29th. TheStreet lowered Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $20.00 price objective on shares of Del Frisco’s Restaurant Group in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Del Frisco’s Restaurant Group currently has a consensus rating of “Hold” and an average target price of $18.07.

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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