$121.58 Million in Sales Expected for Del Frisco's Restaurant Group Inc (DFRG) This Quarter

Equities analysts expect Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) to report $121.58 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Del Frisco's Restaurant Group’s earnings. The lowest sales estimate is $118.90 million and the highest is $123.01 million. Del Frisco's Restaurant Group reported sales of $119.16 million during the same quarter last year, which would suggest a positive year over year growth rate of 2%. The company is expected to report its next earnings report on Friday, February 23rd.

According to Zacks, analysts expect that Del Frisco's Restaurant Group will report full-year sales of $121.58 million for the current year, with estimates ranging from $358.43 million to $362.60 million. For the next fiscal year, analysts forecast that the business will report sales of $390.07 million per share, with estimates ranging from $385.20 million to $393.01 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Del Frisco's Restaurant Group.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Friday, October 13th. The restaurant operator reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm 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 net margin of 3.00% and a return on equity of 6.94%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share.

A number of brokerages have commented on DFRG. Canaccord Genuity restated a “hold” rating and issued a $16.00 target price on shares of Del Frisco's Restaurant Group in a research note on Sunday, October 1st. Zacks Investment Research raised shares of Del Frisco's Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Credit Suisse Group lowered their price target on shares of Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating for the company in a research report on Wednesday, October 18th. Finally, Raymond James Financial set a $16.00 price target on shares of Del Frisco's Restaurant Group and gave the stock a “hold” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Del Frisco's Restaurant Group presently has an average rating of “Hold” and an average price target of $16.00.

Shares of Del Frisco's Restaurant Group (NASDAQ:DFRG) traded up $0.10 during trading hours on Thursday, reaching $15.35. 177,000 shares of the company traded hands, compared to its average volume of 118,000. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.76 and a quick ratio of 0.33. The company has a market cap of $323.59, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. Del Frisco's Restaurant Group has a one year low of $11.70 and a one year high of $18.80.

In other news, Director Ian Russell Carter bought 8,900 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was bought at an average price of $12.70 per share, with a total value of $113,030.00. Following the completion of the transaction, the director now directly owns 47,239 shares of the company’s stock, valued at approximately $599,935.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 11,000 shares of company stock valued at $139,796 in the last three months. 2.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors increased its stake in shares of Del Frisco's Restaurant Group by 74.3% in the second quarter. Nationwide Fund Advisors now owns 33,431 shares of the restaurant operator’s stock worth $538,000 after acquiring an additional 14,254 shares during the period. Prudential Financial Inc. increased its stake in shares of Del Frisco's Restaurant Group by 97.5% in the third quarter. Prudential Financial Inc. now owns 150,360 shares of the restaurant operator’s stock worth $2,188,000 after acquiring an additional 74,240 shares during the period. Vanguard Group Inc. increased its stake in shares of Del Frisco's Restaurant Group by 4.4% in the second quarter. Vanguard Group Inc. now owns 999,420 shares of the restaurant operator’s stock worth $16,091,000 after acquiring an additional 41,946 shares during the period. Foundry Partners LLC grew its position in Del Frisco's Restaurant Group by 8.1% during the third quarter. Foundry Partners LLC now owns 224,985 shares of the restaurant operator’s stock valued at $3,274,000 after buying an additional 16,800 shares during the period. Finally, Algert Global LLC grew its position in Del Frisco's Restaurant Group by 16.1% during the third quarter. Algert Global LLC now owns 88,820 shares of the restaurant operator’s stock valued at $1,292,000 after buying an additional 12,290 shares during the period. Institutional investors and hedge funds own 96.32% of the company’s stock.

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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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