Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Director Ian Russell Carter bought 12,200 shares of Del Frisco’s Restaurant Group stock in a transaction on Tuesday, July 25th. The stock was acquired at an average price of $14.00 per share, for a total transaction of $170,800.00. Following the transaction, the director now directly owns 38,339 shares of the company’s stock, valued at $536,746. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Del Frisco’s Restaurant Group, Inc. (DFRG) opened at 13.90 on Wednesday. The stock has a market cap of $293.67 million, a P/E ratio of 23.88 and a beta of 0.83. The company has a 50 day moving average price of $15.96 and a 200 day moving average price of $17.00. 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 issued its earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.02. The firm had revenue of $82.30 million during the quarter, compared to analysts’ expectations of $81.92 million. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. Analysts anticipate that Del Frisco’s Restaurant Group, Inc. will post $0.77 earnings per share for the current fiscal year.

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A number of research firms have commented on DFRG. Raymond James Financial, Inc. restated an “outperform” rating and issued a $20.00 target price on shares of Del Frisco’s Restaurant Group in a research report on Monday. Zacks Investment Research downgraded Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. TheStreet downgraded Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. Deutsche Bank AG reiterated a “hold” rating and issued a $17.50 price objective (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a report on Saturday, April 29th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $19.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Del Frisco’s Restaurant Group currently has a consensus rating of “Hold” and a consensus price target of $18.07.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thomson Horstmann & Bryant Inc. raised its position in shares of Del Frisco’s Restaurant Group by 5.8% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 469,192 shares of the restaurant operator’s stock valued at $7,553,000 after buying an additional 25,852 shares during the period. First Quadrant L P CA purchased a new position in shares of Del Frisco’s Restaurant Group during the second quarter valued at $200,000. Bank of Montreal Can purchased a new position in shares of Del Frisco’s Restaurant Group during the second quarter valued at $982,000. AQR Capital Management LLC raised its position in shares of Del Frisco’s Restaurant Group by 56.3% in the first quarter. AQR Capital Management LLC now owns 150,161 shares of the restaurant operator’s stock valued at $2,711,000 after buying an additional 54,094 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in shares of Del Frisco’s Restaurant Group during the first quarter valued at $297,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

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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