Del Frisco’s Restaurant Group, Inc. (DFRG) Releases Earnings Results
Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) posted its earnings results on Friday. The restaurant operator reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), Bloomberg Earnings reports. The company had revenue of $73.30 million for the quarter, compared to the consensus estimate of $73.58 million. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. Del Frisco’s Restaurant Group updated its FY17 guidance to $0.76-0.80 EPS.
Shares of Del Frisco’s Restaurant Group (NASDAQ DFRG) opened at 12.75 on Friday. The firm has a 50-day moving average of $14.20 and a 200-day moving average of $15.81. The company has a market capitalization of $269.37 million, a P/E ratio of 21.91 and a beta of 0.78. Del Frisco’s Restaurant Group has a 12 month low of $12.65 and a 12 month high of $18.80.
A number of brokerages have recently commented on DFRG. BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. Raymond James Financial, Inc. restated 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. Finally, Canaccord Genuity restated a “hold” rating and issued a $16.00 target price on shares of Del Frisco’s Restaurant Group in a report on Sunday, October 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Del Frisco’s Restaurant Group has a consensus rating of “Hold” and an average price target of $18.10.
In other news, VP Thomas G. Dritsas acquired 7,194 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average price of $13.97 per share, for a total transaction of $100,500.18. Following the acquisition, the vice president now owns 10,848 shares of the company’s stock, valued at approximately $151,546.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Neil H. Thomson acquired 4,000 shares of the firm’s stock in a transaction on Sunday, July 30th. The stock was purchased at an average price of $14.25 per share, for a total transaction of $57,000.00. Following the acquisition, the chief financial officer now directly owns 34,224 shares in the company, valued at approximately $487,692. The disclosure for this purchase can be found here. Insiders purchased a total of 57,394 shares of company stock worth $809,299 in the last three months. 2.40% of the stock is owned by corporate insiders.
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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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