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 report report published on Monday, July 31st.

A number of other brokerages have also issued reports on DFRG. Canaccord Genuity reaffirmed a hold rating and issued a $19.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Tuesday, April 25th. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a hold rating to a sell rating in a research note on Wednesday, April 26th. Deutsche Bank AG reissued a hold rating and set a $17.50 price objective (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research note on Saturday, April 29th. TheStreet lowered Del Frisco’s Restaurant Group from a b rating to a c+ rating in a research note on Wednesday, June 7th. Finally, Raymond James Financial, Inc. reissued an outperform rating and set a $20.00 price objective on shares of Del Frisco’s Restaurant Group in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Del Frisco’s Restaurant Group has a consensus rating of Hold and a consensus price target of $18.75.

Del Frisco’s Restaurant Group (DFRG) traded down 0.68% on Monday, hitting $14.50. 148,977 shares of the company’s stock traded hands. Del Frisco’s Restaurant Group has a 12 month low of $13.01 and a 12 month high of $18.80. The stock has a market cap of $306.34 million, a P/E ratio of 24.91 and a beta of 0.80. The stock has a 50 day moving average price of $14.83 and a 200-day moving average price of $16.61.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. The firm had revenue of $82.30 million during the quarter, compared to analyst estimates of $81.92 million. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities analysts predict that Del Frisco’s Restaurant Group will post $0.76 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Del Frisco’s Restaurant Group, Inc. (DFRG) Rating Increased to Sell at BidaskClub” was published by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.com-unik.info/2017/08/19/del-friscos-restaurant-group-inc-dfrg-upgraded-by-bidaskclub-to-sell-updated-updated.html.

In other Del Frisco’s Restaurant Group news, CEO Norman J. Abdallah acquired 15,000 shares of the stock in a transaction dated Tuesday, July 25th. The stock was acquired at an average cost of $14.11 per share, with a total value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ian Russell Carter acquired 12,200 shares of the stock in a transaction dated Tuesday, July 25th. The shares were acquired at an average cost of $14.00 per share, with a total value of $170,800.00. Following the completion of the transaction, the director now owns 38,339 shares in the company, valued at approximately $536,746. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 57,394 shares of company stock worth $809,299. 2.40% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. ClariVest Asset Management LLC boosted its stake in shares of Del Frisco’s Restaurant Group by 21.6% in the first quarter. ClariVest Asset Management LLC now owns 6,047 shares of the restaurant operator’s stock worth $109,000 after buying an additional 1,073 shares during the period. SG Americas Securities LLC bought a new stake in Del Frisco’s Restaurant Group during the first quarter valued at approximately $126,000. First Quadrant L P CA bought a new stake in Del Frisco’s Restaurant Group during the second quarter valued at approximately $200,000. AXA bought a new stake in Del Frisco’s Restaurant Group during the second quarter valued at approximately $203,000. Finally, Cigna Investments Inc. New bought a new stake in Del Frisco’s Restaurant Group during the second quarter valued at approximately $205,000.

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)

What are top analysts saying about Del Frisco's Restaurant Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Del Frisco's Restaurant Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit