Los Angeles Capital Management & Equity Research Inc. Purchases Shares of 18,703 Del Frisco’s Restaurant Group Inc (DFRG)

Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,703 shares of the restaurant operator’s stock, valued at approximately $155,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.06% of Del Frisco’s Restaurant Group at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DFRG. Essex Investment Management Co. LLC purchased a new stake in shares of Del Frisco’s Restaurant Group in the 3rd quarter valued at approximately $267,000. Garnet Equity Capital Holdings Inc. grew its stake in shares of Del Frisco’s Restaurant Group by 100.0% in the 3rd quarter. Garnet Equity Capital Holdings Inc. now owns 400,000 shares of the restaurant operator’s stock valued at $3,320,000 after buying an additional 200,000 shares during the period. Schroder Investment Management Group purchased a new stake in shares of Del Frisco’s Restaurant Group in the 2nd quarter valued at approximately $12,661,000. Putnam Investments LLC purchased a new stake in shares of Del Frisco’s Restaurant Group in the 2nd quarter valued at approximately $1,541,000. Finally, Millennium Management LLC grew its stake in shares of Del Frisco’s Restaurant Group by 82.3% in the 2nd quarter. Millennium Management LLC now owns 245,769 shares of the restaurant operator’s stock valued at $3,097,000 after buying an additional 110,942 shares during the period. 77.74% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:DFRG opened at $6.87 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.65 and a quick ratio of 0.38. The company has a market cap of $226.59 million, a P/E ratio of 9.16, a P/E/G ratio of 4.00 and a beta of 1.14. Del Frisco’s Restaurant Group Inc has a fifty-two week low of $5.86 and a fifty-two week high of $18.85.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Monday, November 12th. The restaurant operator reported ($1.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.84). Del Frisco’s Restaurant Group had a negative net margin of 20.49% and a positive return on equity of 6.41%. The business had revenue of $105.30 million during the quarter, compared to analysts’ expectations of $116.60 million. As a group, equities analysts forecast that Del Frisco’s Restaurant Group Inc will post 0.17 EPS for the current year.

In other Del Frisco’s Restaurant Group news, major shareholder Armistice Capital Master Fund purchased 32,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was bought at an average price of $8.08 per share, with a total value of $258,560.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Armistice Capital, Llc purchased 24,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was acquired at an average cost of $6.15 per share, with a total value of $147,600.00. The disclosure for this purchase can be found here. Insiders acquired a total of 174,000 shares of company stock valued at $1,140,140 in the last three months. 3.20% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on DFRG. TheStreet cut shares of Del Frisco’s Restaurant Group from a “c-” rating to a “d+” rating in a research note on Friday, August 10th. Zacks Investment Research cut shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. BidaskClub raised shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th. Loop Capital began coverage on shares of Del Frisco’s Restaurant Group in a research report on Friday, November 2nd. They set a “hold” rating and a $8.00 price objective for the company. Finally, ValuEngine raised shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $13.25.

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About Del Frisco’s Restaurant Group

Del Frisco's Restaurant Group, Inc develops, owns, and operates restaurants in the United States. It owns and operates restaurants under the Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse, Del Frisco's Grille, Barcelona Wine Bar, and bartaco brand names. The company offers steaks, as well as other menu selections, such as chops, fresh seafood, tapas, street food, and wines and cocktails.

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Institutional Ownership by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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