Equities analysts expect Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) to announce $73.12 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Del Frisco’s Restaurant Group’s earnings, with estimates ranging from $72.30 million to $74.42 million. Del Frisco’s Restaurant Group posted sales of $71.41 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The firm is expected to report its next quarterly earnings results on Friday, October 13th.

On average, analysts expect that Del Frisco’s Restaurant Group will report full year sales of $73.12 million for the current fiscal year, with estimates ranging from $355.89 million to $365.10 million. For the next year, analysts anticipate that the firm will report sales of $385.46 million per share, with estimates ranging from $376.89 million to $391.85 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Del Frisco’s Restaurant Group.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. Del Frisco’s Restaurant Group had a net margin of 3.73% and a return on equity of 7.39%. The company had revenue of $82.30 million during the quarter, compared to analysts’ expectations of $81.92 million. During the same period last year, the firm earned $0.19 earnings per share. Del Frisco’s Restaurant Group’s revenue was up 3.0% on a year-over-year basis.

A number of research analysts have commented on the stock. Canaccord Genuity reiterated 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. BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. TheStreet downgraded shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th. Finally, 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 note on Saturday, April 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.75.

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Shares of Del Frisco’s Restaurant Group (NASDAQ DFRG) opened at 14.15 on Wednesday. Del Frisco’s Restaurant Group has a 12 month low of $13.01 and a 12 month high of $18.80. The stock has a market capitalization of $298.95 million, a PE ratio of 24.31 and a beta of 0.80. The company has a 50-day moving average of $15.34 and a 200-day moving average of $16.82.

In other Del Frisco’s Restaurant Group news, VP Thomas G. Dritsas purchased 7,194 shares of Del Frisco’s Restaurant Group stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of $13.97 per share, for a total transaction of $100,500.18. Following the transaction, the vice president now owns 10,848 shares in the company, valued at approximately $151,546.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $17.74, for a total transaction of $50,150.98. Following the completion of the transaction, the chief financial officer now owns 44,536 shares in the company, valued at $790,068.64. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 57,394 shares of company stock worth $809,299. Insiders own 2.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of DFRG. Highbridge Capital Management LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the first quarter valued at $297,000. State Street Corp increased its stake in shares of Del Frisco’s Restaurant Group by 7.0% in the fourth quarter. State Street Corp now owns 404,989 shares of the restaurant operator’s stock valued at $6,887,000 after buying an additional 26,397 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Del Frisco’s Restaurant Group by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,104 shares of the restaurant operator’s stock valued at $20,487,000 after buying an additional 76,125 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the first quarter valued at $745,000.

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.

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