Del Frisco’s Restaurant Group, Inc. (DFRG) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) from a strong sell rating to a sell rating in a research note published on Monday, July 31st.

Other analysts have also issued reports about the stock. Canaccord Genuity restated a hold rating and set a $19.00 target price on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, April 25th. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a hold rating to a strong sell rating in a research report on Wednesday, July 19th. TheStreet lowered shares of Del Frisco’s Restaurant Group from a b rating to a c+ rating in a research report on Wednesday, June 7th. Deutsche Bank AG reiterated a hold rating and issued a $17.50 price target (up from $16.00) on shares of Del Frisco’s Restaurant Group in a research report on Saturday, April 29th. Finally, Raymond James Financial, Inc. reiterated an outperform rating and issued a $20.00 price target on shares of Del Frisco’s Restaurant Group in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Del Frisco’s Restaurant Group currently has a consensus rating of Hold and an average price target of $18.75.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded up 4.64% during mid-day trading on Monday, hitting $14.65. The company’s stock had a trading volume of 217,131 shares. The firm has a market cap of $309.51 million, a price-to-earnings ratio of 25.17 and a beta of 0.80. The firm has a 50 day moving average of $15.13 and a 200-day moving average of $16.73. Del Frisco’s Restaurant Group has a 52-week low of $13.01 and a 52-week high of $18.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings data on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.02. Del Frisco’s Restaurant Group had a net margin of 3.73% and a return on equity of 7.39%. The company had revenue of $82.30 million for the quarter, compared to analysts’ expectations of $81.92 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Del Frisco’s Restaurant Group will post $0.76 EPS for the current fiscal year.

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In related news, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $17.74, for a total transaction of $50,150.98. Following the sale, the chief financial officer now owns 44,536 shares of the company’s stock, valued at $790,068.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas G. Dritsas bought 7,194 shares of Del Frisco’s Restaurant Group stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $13.97 per share, for a total transaction of $100,500.18. Following the purchase, the vice president now owns 10,848 shares of the company’s stock, valued at approximately $151,546.56. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 57,394 shares of company stock worth $809,299. 2.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Thomson Horstmann & Bryant Inc. increased its stake in shares of Del Frisco’s Restaurant Group by 180.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 443,340 shares of the restaurant operator’s stock valued at $8,002,000 after buying an additional 285,190 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Del Frisco’s Restaurant Group by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,395,582 shares of the restaurant operator’s stock valued at $25,190,000 after buying an additional 190,478 shares in the last quarter. Wellington Management Group LLP increased its position 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 buying an additional 155,999 shares in the last quarter. Kempen Capital Management N.V. increased its position in Del Frisco’s Restaurant Group by 189.1% in the first quarter. Kempen Capital Management N.V. now owns 204,214 shares of the restaurant operator’s stock valued at $3,686,000 after buying an additional 133,576 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in Del Frisco’s Restaurant Group by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,182,539 shares of the restaurant operator’s stock valued at $20,103,000 after buying an additional 83,008 shares in the last quarter.

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.

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