Del Frisco's Restaurant Group Inc (DFRG) Given Average Rating of “Buy” by Brokerages

Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) has earned an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.00.

Several research firms recently weighed in on DFRG. Zacks Investment Research downgraded shares of Del Frisco's Restaurant Group from a “buy” rating to a “hold” rating in a report on Monday, February 5th. BidaskClub upgraded shares of Del Frisco's Restaurant Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Stephens upgraded shares of Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $15.10 to $18.00 in a report on Wednesday, January 10th. Credit Suisse Group dropped their target price on shares of Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Finally, Raymond James Financial set a $16.00 target price on shares of Del Frisco's Restaurant Group and gave the company a “hold” rating in a report on Monday, October 16th.

Del Frisco's Restaurant Group (DFRG) traded up $0.25 during mid-day trading on Tuesday, hitting $17.40. 222,300 shares of the stock traded hands, compared to its average volume of 286,610. The stock has a market cap of $363.91, a price-to-earnings ratio of 38.67, a PEG ratio of 1.91 and a beta of 0.92. The company has a current ratio of 0.76, a quick ratio of 0.33 and a debt-to-equity ratio of 0.19. Del Frisco's Restaurant Group has a 1 year low of $11.70 and a 1 year high of $18.80.

Several large investors have recently bought and sold shares of the business. Voya Investment Management LLC grew its stake in shares of Del Frisco's Restaurant Group by 12.7% in the second quarter. Voya Investment Management LLC now owns 14,576 shares of the restaurant operator’s stock worth $235,000 after acquiring an additional 1,643 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Del Frisco's Restaurant Group by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 79,916 shares of the restaurant operator’s stock worth $1,163,000 after acquiring an additional 4,021 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Del Frisco's Restaurant Group by 6.1% during the third quarter. Bank of New York Mellon Corp now owns 165,249 shares of the restaurant operator’s stock worth $2,405,000 after purchasing an additional 9,445 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Del Frisco's Restaurant Group by 9.6% during the second quarter. TIAA CREF Investment Management LLC now owns 107,629 shares of the restaurant operator’s stock worth $1,733,000 after purchasing an additional 9,447 shares in the last quarter. Finally, Penn Capital Management Co. Inc. grew its stake in shares of Del Frisco's Restaurant Group by 3.9% during the fourth quarter. Penn Capital Management Co. Inc. now owns 285,537 shares of the restaurant operator’s stock worth $4,354,000 after purchasing an additional 10,694 shares in the last quarter. Institutional investors and hedge funds own 99.49% 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.

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

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