Analysts Expect Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Will Post Earnings of -$0.01 Per Share
Equities analysts expect Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) to report earnings per share of ($0.01) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Del Frisco’s Restaurant Group’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at ($0.01). Del Frisco’s Restaurant Group posted earnings per share of $0.04 during the same quarter last year, which would indicate a negative year over year growth rate of 125%. The firm is scheduled to issue its next quarterly earnings results on Friday, October 13th.
According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full-year earnings of $0.76 per share for the current year, with EPS estimates ranging from $0.75 to $0.76. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.84 per share, with EPS estimates ranging from $0.80 to $0.89. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Del Frisco’s Restaurant Group.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The business had revenue of $82.30 million for the quarter, compared to analysts’ expectations of $81.92 million. During the same quarter last year, the business posted $0.19 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis.
Several research firms have recently issued reports on DFRG. BidaskClub raised Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. TheStreet downgraded Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. 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. Deutsche Bank AG reaffirmed a “hold” rating and set a $17.50 target price (up from $16.00) on shares of Del Frisco’s Restaurant Group in a report on Saturday, April 29th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $19.00 target price on shares of Del Frisco’s Restaurant Group in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.75.
Del Frisco’s Restaurant Group (NASDAQ DFRG) traded up 0.35% during trading on Monday, reaching $14.40. 264,260 shares of the company were exchanged. The firm’s 50 day moving average is $15.53 and its 200 day moving average is $16.88. The stock has a market capitalization of $304.23 million, a PE ratio of 24.74 and a beta of 0.80. Del Frisco’s Restaurant Group has a 52-week low of $13.01 and a 52-week high of $18.80.
In other news, CEO Norman J. Abdallah bought 15,000 shares of the stock in a transaction dated Tuesday, July 25th. The stock was bought at an average cost of $14.11 per share, with a total value of $211,650.00. Following the purchase, the chief executive officer now owns 52,712 shares of the company’s stock, valued at $743,766.32. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Thomas J. Pennison, Jr. sold 2,827 shares of Del Frisco’s Restaurant Group stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $17.74, for a total value of $50,150.98. Following the completion of the sale, the chief financial officer now directly owns 44,536 shares of the company’s stock, valued at $790,068.64. The disclosure for this sale can be found here. Insiders have purchased a total of 57,394 shares of company stock valued at $809,299 in the last 90 days. 2.70% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in DFRG. SG Americas Securities LLC bought a new stake in shares of Del Frisco’s Restaurant Group during the first quarter worth approximately $126,000. Trexquant Investment LP acquired a new position in Del Frisco’s Restaurant Group during the first quarter worth about $609,000. Hodges Capital Management Inc. boosted its position in Del Frisco’s Restaurant Group by 44.4% in the first quarter. Hodges Capital Management Inc. now owns 130,000 shares of the restaurant operator’s stock worth $2,346,000 after buying an additional 40,000 shares during the last quarter. TFS Capital LLC acquired a new position in Del Frisco’s Restaurant Group during the first quarter worth about $1,282,000. Finally, Bank of New York Mellon Corp boosted its position 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 worth $2,163,000 after buying an additional 3,800 shares during the last quarter.
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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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