Analysts Set Del Frisco’s Restaurant Group, Inc. (DFRG) Target Price at $16.00

Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) have received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $16.00.

Several research analysts have recently commented on DFRG shares. Zacks Investment Research raised Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Canaccord Genuity reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Del Frisco’s Restaurant Group in a research note on Sunday, October 1st. BidaskClub downgraded Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Credit Suisse Group decreased their price objective on Del Frisco’s Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Finally, Raymond James Financial set a $16.00 price objective on Del Frisco’s Restaurant Group and gave the stock a “hold” rating in a research note on Monday, October 16th.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded down $0.25 during midday trading on Thursday, hitting $14.90. The stock had a trading volume of 94,387 shares, compared to its average volume of 203,654. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.76 and a quick ratio of 0.33. Del Frisco’s Restaurant Group has a 1 year low of $11.70 and a 1 year high of $18.80. The company has a market capitalization of $321.47, a P/E ratio of 21.38, a P/E/G ratio of 1.83 and a beta of 0.79.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, October 13th. The restaurant operator reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Del Frisco’s Restaurant Group had a return on equity of 6.94% and a net margin of 3.00%. The company had revenue of $73.30 million during the quarter, compared to the consensus estimate of $73.58 million. During the same period last year, the business earned $0.04 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. analysts forecast that Del Frisco’s Restaurant Group will post 0.73 EPS for the current fiscal year.

In other Del Frisco’s Restaurant Group news, Director Ian Russell Carter bought 8,900 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was purchased at an average price of $12.70 per share, for a total transaction of $113,030.00. Following the completion of the transaction, the director now owns 47,239 shares of the company’s stock, valued at approximately $599,935.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 11,000 shares of company stock valued at $139,796 in the last quarter. 2.70% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in shares of Del Frisco’s Restaurant Group by 26.1% during the first quarter. Renaissance Technologies LLC now owns 44,300 shares of the restaurant operator’s stock worth $800,000 after purchasing an additional 9,175 shares in the last quarter. Bank of Montreal Can purchased a new position in Del Frisco’s Restaurant Group during the 2nd quarter valued at approximately $982,000. Nationwide Fund Advisors grew its holdings in Del Frisco’s Restaurant Group by 74.3% during the 2nd quarter. Nationwide Fund Advisors now owns 33,431 shares of the restaurant operator’s stock valued at $538,000 after buying an additional 14,254 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Del Frisco’s Restaurant Group by 22.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 85,758 shares of the restaurant operator’s stock valued at $1,548,000 after buying an additional 15,733 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in Del Frisco’s Restaurant Group by 8.1% during the 3rd quarter. Foundry Partners LLC now owns 224,985 shares of the restaurant operator’s stock valued at $3,274,000 after buying an additional 16,800 shares in the last quarter. Hedge funds and other institutional investors own 96.32% 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.

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