Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) updated its FY17 earnings guidance on Friday. The company provided earnings per share guidance of $0.76-0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76.
Several research firms have commented on DFRG. Zacks Investment Research cut shares of Del Frisco’s Restaurant Group from a hold rating to a strong sell rating in a report on Wednesday, July 19th. Canaccord Genuity restated a hold rating and issued a $16.00 target price on shares of Del Frisco’s Restaurant Group in a report on Sunday, October 1st. 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. Finally, Raymond James Financial, Inc. restated an outperform rating and issued a $20.00 target price on shares of Del Frisco’s Restaurant Group in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $18.10.
Del Frisco’s Restaurant Group, Inc. (DFRG) opened at 14.45 on Friday. The stock has a 50 day moving average of $14.23 and a 200 day moving average of $15.85. The firm has a market cap of $305.29 million, a PE ratio of 24.83 and a beta of 0.78. Del Frisco’s Restaurant Group, Inc. has a one year low of $13.21 and a one year high of $18.80.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Thursday, October 12th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company had revenue of $73.30 million during the quarter, compared to the consensus estimate of $73.58 million. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. On average, equities analysts forecast that Del Frisco’s Restaurant Group, Inc. will post $0.76 earnings per share for the current year.
In other Del Frisco’s Restaurant Group news, VP Thomas G. Dritsas acquired 7,194 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $13.97 per share, with a total value of $100,500.18. Following the completion of the acquisition, the vice president now directly owns 10,848 shares in the company, valued at approximately $151,546.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Neil H. Thomson acquired 4,000 shares of the firm’s stock in a transaction on Sunday, July 30th. The stock was acquired at an average cost of $14.25 per share, with a total value of $57,000.00. Following the acquisition, the chief financial officer now owns 34,224 shares of the company’s stock, valued at $487,692. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 57,394 shares of company stock valued at $809,299. 2.40% of the stock is currently owned by corporate insiders.
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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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