Del Frisco’s Restaurant Group, Inc. (DFRG) Given Outperform Rating at Raymond James Financial, Inc.

Raymond James Financial, Inc. reiterated their outperform rating on shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) in a research note issued to investors on Monday, July 24th. They currently have a $20.00 target price on the restaurant operator’s stock.

Other research analysts have also recently issued research reports about the company. TheStreet cut Del Frisco’s Restaurant Group from a b rating to a c+ rating in a research report on Wednesday, June 7th. Canaccord Genuity restated a hold rating and issued a $19.00 price target on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, April 25th. Deutsche Bank AG restated a hold rating and issued a $17.50 price target (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research report on Saturday, April 29th. Finally, Zacks Investment Research cut Del Frisco’s Restaurant Group from a hold rating to a sell rating in a research report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $18.75.

Del Frisco’s Restaurant Group (NASDAQ DFRG) opened at 14.50 on Monday. Del Frisco’s Restaurant Group has a 12-month low of $13.01 and a 12-month high of $18.80. The stock’s 50 day moving average is $14.83 and its 200 day moving average is $16.61. The stock has a market capitalization of $306.34 million, a price-to-earnings ratio of 24.91 and a beta of 0.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $82.30 million during the quarter, compared to analysts’ expectations of $81.92 million. During the same quarter in the prior year, the business earned $0.19 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that Del Frisco’s Restaurant Group will post $0.76 EPS for the current fiscal year.

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In related news, CEO Norman J. Abdallah acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average price of $14.11 per share, for a total transaction of $211,650.00. Following the transaction, the chief executive officer now owns 52,712 shares in the company, valued at approximately $743,766.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Neil H. Thomson acquired 4,000 shares of the company’s stock in a transaction that occurred on Sunday, July 30th. The shares were bought at an average price of $14.25 per share, with a total value of $57,000.00. Following the transaction, the chief financial officer now owns 34,224 shares in the company, valued at approximately $487,692. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 57,394 shares of company stock valued at $809,299. 2.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. FMR LLC raised its stake in shares of Del Frisco’s Restaurant Group by 2.0% in the first quarter. FMR LLC now owns 2,338,515 shares of the restaurant operator’s stock worth $42,210,000 after buying an additional 46,065 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Del Frisco’s Restaurant Group by 21.8% in the second quarter. Macquarie Group Ltd. now owns 1,666,193 shares of the restaurant operator’s stock worth $26,826,000 after buying an additional 298,294 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Del Frisco’s Restaurant Group by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,585,776 shares of the restaurant operator’s stock worth $25,531,000 after buying an additional 190,194 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of 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 worth $19,279,000 after buying an additional 155,999 shares during the last quarter. Finally, Vanguard Group Inc. raised 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 buying an additional 41,946 shares during 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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