Del Frisco’s Restaurant Group Inc (DFRG) Major Shareholder Acquires $153,373.00 in Stock

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) major shareholder Armistice Capital, Llc purchased 19,100 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The stock was bought at an average price of $8.03 per share, for a total transaction of $153,373.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Armistice Capital, Llc also recently made the following trade(s):

  • On Friday, January 11th, Armistice Capital, Llc purchased 44,100 shares of Del Frisco’s Restaurant Group stock. The stock was bought at an average price of $8.19 per share, for a total transaction of $361,179.00.
  • On Monday, January 7th, Armistice Capital, Llc purchased 7,900 shares of Del Frisco’s Restaurant Group stock. The stock was bought at an average price of $7.69 per share, for a total transaction of $60,751.00.
  • On Thursday, January 3rd, Armistice Capital, Llc purchased 31,202 shares of Del Frisco’s Restaurant Group stock. The stock was bought at an average price of $7.66 per share, for a total transaction of $239,007.32.
  • On Thursday, December 27th, Armistice Capital, Llc purchased 53,000 shares of Del Frisco’s Restaurant Group stock. The stock was bought at an average price of $6.50 per share, for a total transaction of $344,500.00.
  • On Monday, December 24th, Armistice Capital, Llc purchased 50,000 shares of Del Frisco’s Restaurant Group stock. The stock was bought at an average price of $6.26 per share, for a total transaction of $313,000.00.
  • On Tuesday, December 18th, Armistice Capital, Llc purchased 144,210 shares of Del Frisco’s Restaurant Group stock. The stock was bought at an average price of $6.51 per share, for a total transaction of $938,807.10.
  • On Wednesday, December 12th, Armistice Capital, Llc purchased 68,000 shares of Del Frisco’s Restaurant Group stock. The stock was bought at an average price of $6.54 per share, for a total transaction of $444,720.00.
  • On Friday, November 30th, Armistice Capital, Llc purchased 26,000 shares of Del Frisco’s Restaurant Group stock. The stock was bought at an average price of $6.86 per share, for a total transaction of $178,360.00.
  • On Monday, November 5th, Armistice Capital, Llc purchased 24,000 shares of Del Frisco’s Restaurant Group stock. The stock was bought at an average price of $6.15 per share, for a total transaction of $147,600.00.

Del Frisco’s Restaurant Group stock opened at $8.33 on Monday. Del Frisco’s Restaurant Group Inc has a 12-month low of $5.86 and a 12-month high of $18.85. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $272.57 million, a price-to-earnings ratio of 11.11 and a beta of 0.77.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its earnings results on Monday, November 12th. The restaurant operator reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $116.60 million. As a group, equities analysts anticipate that Del Frisco’s Restaurant Group Inc will post 0.1 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its position in Del Frisco’s Restaurant Group by 68.4% in the third quarter. Legal & General Group Plc now owns 4,974 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 2,020 shares during the last quarter. Rhumbline Advisers grew its position in Del Frisco’s Restaurant Group by 38.4% in the third quarter. Rhumbline Advisers now owns 27,718 shares of the restaurant operator’s stock valued at $230,000 after acquiring an additional 7,685 shares during the last quarter. American International Group Inc. grew its position in Del Frisco’s Restaurant Group by 66.5% in the third quarter. American International Group Inc. now owns 21,952 shares of the restaurant operator’s stock valued at $182,000 after acquiring an additional 8,769 shares during the last quarter. MetLife Investment Advisors LLC grew its position in Del Frisco’s Restaurant Group by 90.0% in the third quarter. MetLife Investment Advisors LLC now owns 22,898 shares of the restaurant operator’s stock valued at $190,000 after acquiring an additional 10,846 shares during the last quarter. Finally, PEAK6 Investments L.P. bought a new position in Del Frisco’s Restaurant Group in the second quarter valued at about $138,000. Hedge funds and other institutional investors own 94.58% of the company’s stock.

DFRG has been the topic of a number of recent analyst reports. BidaskClub upgraded Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th. ValuEngine cut Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Finally, Loop Capital initiated coverage on Del Frisco’s Restaurant Group in a research report on Friday, November 2nd. They issued a “hold” rating and a $8.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Del Frisco’s Restaurant Group has a consensus rating of “Hold” and a consensus target price of $13.25.

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Del Frisco’s Restaurant Group Company Profile

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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