Del Frisco's Restaurant Group Inc (DFRG) Expected to Post Earnings of $0.43 Per Share

Wall Street brokerages forecast that Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) will post earnings per share of $0.43 for the current quarter, according to Zacks. Three analysts have made estimates for Del Frisco's Restaurant Group’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.41. Del Frisco's Restaurant Group posted earnings per share of $0.37 in the same quarter last year, which suggests a positive year-over-year growth rate of 16.2%. The company is scheduled to announce its next quarterly earnings results on Friday, February 23rd.

On average, analysts expect that Del Frisco's Restaurant Group will report full-year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.76. For the next financial year, analysts expect that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.76 to $0.89. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Del Frisco's Restaurant Group.

A number of equities research analysts have recently weighed in on DFRG shares. Zacks Investment Research downgraded Del Frisco's Restaurant Group from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Raymond James Financial set a $16.00 target price on Del Frisco's Restaurant Group and gave the stock a “hold” rating in a report on Monday, October 16th. Credit Suisse Group dropped their target price on Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Stephens raised Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $16.67.

Several hedge funds and other institutional investors have recently modified their holdings of DFRG. Voya Investment Management LLC increased its position in shares of Del Frisco's Restaurant Group by 12.7% in the second 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. Nationwide Fund Advisors increased its position in shares of Del Frisco's Restaurant Group by 74.3% in the second quarter. Nationwide Fund Advisors now owns 33,431 shares of the restaurant operator’s stock worth $538,000 after purchasing an additional 14,254 shares during the period. AHL Partners LLP increased its position in shares of Del Frisco's Restaurant Group by 384.3% in the second quarter. AHL Partners LLP now owns 54,794 shares of the restaurant operator’s stock worth $882,000 after purchasing an additional 43,480 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Del Frisco's Restaurant Group in the second quarter worth $1,051,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Del Frisco's Restaurant Group by 5.3% in the third 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. Institutional investors own 97.31% of the company’s stock.

Del Frisco's Restaurant Group (NASDAQ DFRG) remained flat at $$17.55 on Monday. The company’s stock had a trading volume of 22,241 shares, compared to its average volume of 294,251. Del Frisco's Restaurant Group has a 52-week low of $11.70 and a 52-week high of $18.80. The company has a quick ratio of 0.33, a current ratio of 0.76 and a debt-to-equity ratio of 0.19. The company has a market cap of $369.21, a price-to-earnings ratio of 39.00, a P/E/G ratio of 1.98 and a beta of 0.92.

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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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