Del Frisco's Restaurant Group (DFRG) Lifted to Buy at Zacks Investment Research

Del Frisco's Restaurant Group (NASDAQ:DFRG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage currently has a $20.00 price objective on the restaurant operator’s stock. Zacks Investment Research‘s price objective points to a potential upside of 15.27% from the stock’s previous close.

According to Zacks, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas. “

Other analysts have also recently issued research reports about the stock. BidaskClub raised shares of Del Frisco's Restaurant Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Raymond James Financial set a $16.00 price objective on shares of Del Frisco's Restaurant Group and gave the stock a “hold” rating in a research note on Monday, October 16th. Credit Suisse Group reduced their price objective on shares of 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, Stephens raised shares of Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $15.10 to $18.00 in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Del Frisco's Restaurant Group currently has an average rating of “Buy” and an average price target of $17.00.

Shares of Del Frisco's Restaurant Group (NASDAQ:DFRG) traded down $0.20 during trading on Thursday, hitting $17.35. 136,370 shares of the company traded hands, compared to its average volume of 299,095. The company has a current ratio of 0.76, a quick ratio of 0.33 and a debt-to-equity ratio of 0.19. Del Frisco's Restaurant Group has a one year low of $11.70 and a one year high of $18.80. The company has a market capitalization of $369.21, a PE ratio of 38.56, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92.

A number of institutional investors and hedge funds have recently modified their holdings of DFRG. Janus Henderson Group PLC bought a new stake in Del Frisco's Restaurant Group during the second quarter valued at $13,574,000. LSV Asset Management boosted its position in Del Frisco's Restaurant Group by 115.0% during the fourth quarter. LSV Asset Management now owns 903,201 shares of the restaurant operator’s stock valued at $13,773,000 after acquiring an additional 483,078 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Del Frisco's Restaurant Group by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,585,776 shares of the restaurant operator’s stock valued at $25,531,000 after acquiring an additional 190,194 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in Del Frisco's Restaurant Group during the fourth quarter valued at $2,093,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Del Frisco's Restaurant Group by 55.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 310,914 shares of the restaurant operator’s stock valued at $5,006,000 after acquiring an additional 111,405 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

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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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