Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.13.

A number of research firms have recently weighed in on DFRG. Canaccord Genuity restated a “hold” rating and set a $16.00 target price on shares of Del Frisco’s Restaurant Group in a research report on Sunday, October 1st. Raymond James Financial, Inc. restated an “outperform” rating and set a $20.00 target price on shares of Del Frisco’s Restaurant Group in a research report on Monday, July 24th. BidaskClub downgraded Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd.

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In related news, CFO Neil H. Thomson acquired 4,000 shares of the company’s stock in a transaction that occurred on Sunday, July 30th. The stock was acquired at an average price of $14.25 per share, for a total transaction of $57,000.00. Following the completion of the acquisition, the chief financial officer now owns 34,224 shares of the company’s stock, valued at approximately $487,692. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Norman J. Abdallah acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average price of $14.11 per share, with a total value of $211,650.00. Following the acquisition, the chief executive officer now directly owns 52,712 shares of the company’s stock, valued at approximately $743,766.32. The disclosure for this purchase can be found here. Insiders purchased 57,394 shares of company stock valued at $809,299 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its holdings in Del Frisco’s Restaurant Group by 26.1% in the first quarter. Renaissance Technologies LLC now owns 44,300 shares of the restaurant operator’s stock valued at $800,000 after purchasing an additional 9,175 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Del Frisco’s Restaurant Group in the first quarter valued at about $297,000. Bank of Montreal Can bought a new stake in Del Frisco’s Restaurant Group in the second quarter valued at about $982,000. Wellington Management Group LLP increased its holdings in 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 purchasing an additional 155,999 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Del Frisco’s Restaurant Group by 22.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 85,758 shares of the restaurant operator’s stock valued at $1,548,000 after purchasing an additional 15,733 shares during the last quarter. Institutional investors and hedge funds own 99.22% of the company’s stock.

Del Frisco’s Restaurant Group (DFRG) traded up 0.34% on Wednesday, reaching $14.85. The company had a trading volume of 157,768 shares. The company has a market capitalization of $313.75 million, a price-to-earnings ratio of 25.60 and a beta of 0.78. The company’s 50 day moving average price is $14.21 and its 200-day moving average price is $15.87. Del Frisco’s Restaurant Group has a 12 month low of $13.01 and a 12 month high of $18.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its 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). The firm had revenue of $82.30 million for the quarter, compared to the consensus estimate 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 revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, equities analysts predict that Del Frisco’s Restaurant Group will post $0.76 earnings per share for the current fiscal year.

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.

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

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