Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.90.

DFRG has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $20.00 price objective on shares of Del Frisco’s Restaurant Group in a research report on Monday. Canaccord Genuity reiterated 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. Deutsche Bank AG reiterated 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. Finally, TheStreet cut shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research report on Wednesday, June 7th.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded down 1.38% during mid-day trading on Friday, hitting $14.25. 190,215 shares of the stock traded hands. The company has a 50 day moving average price of $15.73 and a 200-day moving average price of $16.94. Del Frisco’s Restaurant Group has a one year low of $13.01 and a one year high of $18.80. The stock has a market capitalization of $301.06 million, a PE ratio of 24.48 and a beta of 0.83.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings data on Friday, July 21st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. The company had revenue of $82.30 million for the quarter, compared to analyst estimates of $81.92 million. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. Del Frisco’s Restaurant Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. Equities analysts anticipate that Del Frisco’s Restaurant Group will post $0.76 earnings per share for the current fiscal year.

In other Del Frisco’s Restaurant Group news, CFO Neil H. Thomson bought 12,357 shares of Del Frisco’s Restaurant Group stock in a transaction on Tuesday, July 25th. The shares were purchased at an average cost of $14.13 per share, with a total value of $174,604.41. Following the acquisition, the chief financial officer now directly owns 28,581 shares of the company’s stock, valued at approximately $403,849.53. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ian Russell Carter bought 12,200 shares of Del Frisco’s Restaurant Group stock in a transaction on Tuesday, July 25th. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $170,800.00. Following the completion of the acquisition, the director now directly owns 38,339 shares in the company, valued at $536,746. The disclosure for this purchase can be found here. Insiders have acquired a total of 39,557 shares of company stock worth $557,054 over the last three months. Insiders own 2.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. 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 worth $109,000 after buying an additional 1,073 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Del Frisco’s Restaurant Group during the first quarter worth $126,000. First Quadrant L P CA acquired a new stake in Del Frisco’s Restaurant Group during the second quarter worth $200,000. 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 worth $263,000 after buying an additional 970 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in Del Frisco’s Restaurant Group during the first quarter worth $297,000. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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