Nationwide Fund Advisors grew its holdings in shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 74.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 33,431 shares of the restaurant operator’s stock after purchasing an additional 14,254 shares during the period. Nationwide Fund Advisors owned approximately 0.16% of Del Frisco’s Restaurant Group worth $538,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Del Frisco’s Restaurant Group during the first quarter valued at approximately $126,000. First Quadrant L P CA purchased a new position in shares of Del Frisco’s Restaurant Group during the second quarter valued at approximately $200,000. AXA purchased a new position in shares of Del Frisco’s Restaurant Group during the second quarter valued at approximately $203,000. Cigna Investments Inc. New purchased a new position in shares of Del Frisco’s Restaurant Group during the second quarter valued at approximately $205,000. Finally, American International Group Inc. lifted its holdings in shares of Del Frisco’s Restaurant Group by 7.1% during the first quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock valued at $263,000 after purchasing an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 98.15% of the company’s stock.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its earnings results on Friday, October 13th. The restaurant operator reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). Del Frisco’s Restaurant Group had a net margin of 3.00% and a return on equity of 6.94%. The firm had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $73.58 million. During the same period in the previous year, the company earned $0.04 EPS. The company’s revenue was up 2.7% on a year-over-year basis.
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Several research firms have recently issued reports on DFRG. BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Raymond James Financial, Inc. 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. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. Credit Suisse Group lowered 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, Canaccord Genuity restated a “hold” rating and issued a $16.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Del Frisco’s Restaurant Group has an average rating of “Hold” and an average target price of $16.00.
In other news, Director Ian Russell Carter bought 8,900 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was bought at an average price of $12.70 per share, with a total value of $113,030.00. Following the completion of the transaction, the director now directly owns 47,239 shares of the company’s stock, valued at approximately $599,935.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 11,000 shares of company stock valued at $139,796 in the last three months. 2.40% of the stock is currently owned by corporate insiders.
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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