Short Interest in Del Frisco's Restaurant Group Inc (DFRG) Grows By 54.1%

Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) was the recipient of a significant increase in short interest in January. As of January 12th, there was short interest totalling 1,444,964 shares, an increase of 54.1% from the December 29th total of 937,454 shares. Approximately 6.9% of the shares of the stock are short sold. Based on an average trading volume of 522,630 shares, the days-to-cover ratio is presently 2.8 days.

Shares of Del Frisco's Restaurant Group (NASDAQ:DFRG) opened at $17.40 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.33 and a current ratio of 0.76. The stock has a market capitalization of $366.06, a PE ratio of 37.83, a price-to-earnings-growth ratio of 1.99 and a beta of 0.79. Del Frisco's Restaurant Group has a twelve month low of $11.70 and a twelve month high of $18.80.

A number of hedge funds and other institutional investors have recently bought and sold shares of DFRG. Rhumbline Advisers raised its holdings in Del Frisco's Restaurant Group by 1.9% during the 2nd quarter. Rhumbline Advisers now owns 26,097 shares of the restaurant operator’s stock worth $420,000 after buying an additional 485 shares during the period. Bank of New York Mellon Corp raised its holdings in Del Frisco's Restaurant Group by 30.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,804 shares of the restaurant operator’s stock worth $2,509,000 after buying an additional 35,997 shares during the period. Prudential Financial Inc. acquired a new stake in Del Frisco's Restaurant Group during the 2nd quarter worth about $1,226,000. TIAA CREF Investment Management LLC raised its holdings in Del Frisco's Restaurant Group by 9.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 107,629 shares of the restaurant operator’s stock worth $1,733,000 after buying an additional 9,447 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in Del Frisco's Restaurant Group during the 2nd quarter worth about $1,253,000. Hedge funds and other institutional investors own 96.56% of the company’s stock.

DFRG has been the topic of several research reports. Zacks Investment Research upgraded shares of Del Frisco's Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Stephens upgraded shares of Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $15.10 to $18.00 in a research report on Wednesday, January 10th. Canaccord Genuity restated a “hold” rating and set a $16.00 price objective on shares of Del Frisco's Restaurant Group in a report on Sunday, October 1st. BidaskClub upgraded Del Frisco's Restaurant Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Finally, Credit Suisse Group cut their price objective on Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.67.

COPYRIGHT VIOLATION NOTICE: “Short Interest in Del Frisco's Restaurant Group Inc (DFRG) Grows By 54.1%” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2018/01/28/short-interest-in-del-friscos-restaurant-group-inc-dfrg-grows-by-54-1.html.

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.

Receive News & Ratings for Del Frisco's Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply