Del Frisco’s Restaurant Group, Inc. (DFRG) Receives Consensus Rating of “Hold” from Analysts
Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.90.
A number of brokerages have recently commented on DFRG. TheStreet cut shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. Zacks Investment Research cut shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. BidaskClub raised shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Del Frisco’s Restaurant Group in a report on Monday, July 24th.
In other news, CEO Norman J. Abdallah acquired 15,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were 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 approximately $743,766.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Neil H. Thomson acquired 12,357 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was purchased at an average cost of $14.13 per share, for a total transaction of $174,604.41. Following the completion of the purchase, the chief financial officer now directly owns 28,581 shares in the company, valued at approximately $403,849.53. The disclosure for this purchase can be found here. Insiders acquired a total of 57,394 shares of company stock worth $809,299 over the last three months. 2.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in DFRG. ClariVest Asset Management LLC increased its stake in Del Frisco’s Restaurant Group by 21.6% in the 1st 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 position in Del Frisco’s Restaurant Group in the 1st quarter valued at $126,000. First Quadrant L P CA acquired a new position in Del Frisco’s Restaurant Group in the 2nd quarter valued at $200,000. AXA acquired a new position in Del Frisco’s Restaurant Group in the 2nd quarter valued at $203,000. Finally, Cigna Investments Inc. New acquired a new position in Del Frisco’s Restaurant Group in the 2nd quarter valued at $205,000. 99.22% of the stock is currently owned by institutional investors.
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Del Frisco’s Restaurant Group (NASDAQ DFRG) traded up 2.16% during mid-day trading on Friday, hitting $14.20. 332,723 shares of the stock were exchanged. The firm has a market cap of $300.00 million, a price-to-earnings ratio of 24.40 and a beta of 0.78. The company has a 50 day moving average price of $14.13 and a 200 day moving average price of $16.21. Del Frisco’s Restaurant Group has a 52-week low of $13.01 and a 52-week high of $18.80.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its earnings results on Friday, July 21st. The restaurant operator reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The business had revenue of $82.30 million during the quarter, compared to analyst estimates of $81.92 million. Del Frisco’s Restaurant Group had a net margin of 3.73% and a return on equity of 7.39%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, analysts anticipate that Del Frisco’s Restaurant Group will post $0.76 EPS for the current year.
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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