Brokerages expect Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) to post $0.43 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Del Frisco's Restaurant Group’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.44. Del Frisco's Restaurant Group posted earnings per share of $0.37 during the same quarter last year, which would suggest a positive year over year growth rate of 16.2%. The business is expected to announce its next quarterly earnings report on Friday, February 23rd.

According to Zacks, analysts expect that Del Frisco's Restaurant Group will report full-year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.73 to $0.76. For the next year, analysts forecast that the business will post earnings of $0.83 per share, with EPS estimates ranging from $0.76 to $0.89. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Del Frisco's Restaurant Group.

DFRG has been the topic of several analyst reports. Zacks Investment Research cut Del Frisco's Restaurant Group from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Raymond James Financial set a $16.00 price target on Del Frisco's Restaurant Group and gave the company a “hold” rating in a report on Monday, October 16th. Credit Suisse Group lowered their price target on Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a report on Wednesday, October 18th. Stephens raised Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $15.10 to $18.00 in a report on Wednesday, January 10th. Finally, BidaskClub raised Del Frisco's Restaurant Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.00.

A number of institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC raised its holdings in Del Frisco's Restaurant Group by 12.7% in the 2nd quarter. Voya Investment Management LLC now owns 14,576 shares of the restaurant operator’s stock worth $235,000 after purchasing an additional 1,643 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Del Frisco's Restaurant Group by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 79,916 shares of the restaurant operator’s stock worth $1,163,000 after purchasing an additional 4,021 shares during the period. Bank of New York Mellon Corp increased its stake in Del Frisco's Restaurant Group by 6.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 165,249 shares of the restaurant operator’s stock worth $2,405,000 after buying an additional 9,445 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Del Frisco's Restaurant Group by 9.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 107,629 shares of the restaurant operator’s stock worth $1,733,000 after buying an additional 9,447 shares in the last quarter. Finally, Penn Capital Management Co. Inc. increased its stake in Del Frisco's Restaurant Group by 3.9% in the 4th quarter. Penn Capital Management Co. Inc. now owns 285,537 shares of the restaurant operator’s stock worth $4,354,000 after buying an additional 10,694 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Del Frisco's Restaurant Group (NASDAQ DFRG) traded down $0.20 during mid-day trading on Monday, reaching $17.15. The company had a trading volume of 276,793 shares, compared to its average volume of 192,716. The company has a market cap of $368.15, a PE ratio of 38.11, a PEG ratio of 1.93 and a beta of 0.92. Del Frisco's Restaurant Group has a fifty-two week low of $11.70 and a fifty-two week high of $18.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.76 and a quick ratio of 0.33.

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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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