Del Frisco’s Restaurant Group (DFRG) Earns Daily News Impact Score of 0.48

Media headlines about Del Frisco’s Restaurant Group (NASDAQ:DFRG) have been trending positive on Friday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Del Frisco’s Restaurant Group earned a news sentiment score of 0.48 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 45.3376773711391 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Del Frisco’s Restaurant Group stock traded down $0.40 during mid-day trading on Friday, hitting $14.25. 2,010 shares of the company were exchanged, compared to its average volume of 265,256. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.40 and a current ratio of 0.80. The company has a market capitalization of $305.65 million, a price-to-earnings ratio of 19.27, a PEG ratio of 2.04 and a beta of 1.00. Del Frisco’s Restaurant Group has a 12-month low of $14.90 and a 12-month high of $14.90.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings results on Monday, May 7th. The restaurant operator reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). The company had revenue of $89.30 million for the quarter, compared to analysts’ expectations of $86.96 million. Del Frisco’s Restaurant Group had a positive return on equity of 6.28% and a negative net margin of 3.92%. analysts forecast that Del Frisco’s Restaurant Group will post 0.67 EPS for the current fiscal year.

Del Frisco’s Restaurant Group announced that its Board of Directors has approved a share buyback plan on Thursday, March 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

DFRG has been the subject of several research reports. BidaskClub raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Zacks Investment Research raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, February 8th. Bank of America raised Del Frisco’s Restaurant Group to a “buy” rating in a research report on Friday, March 2nd. Deutsche Bank raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Canaccord Genuity reissued a “hold” rating on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.50.

In other Del Frisco’s Restaurant Group news, insider Juan Salas acquired 5,000 shares of the stock in a transaction dated Thursday, May 10th. The stock was acquired at an average price of $15.15 per share, with a total value of $75,750.00. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at $75,750. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ian Russell Carter acquired 6,500 shares of the stock in a transaction dated Wednesday, May 9th. The stock was acquired at an average cost of $15.48 per share, with a total value of $100,620.00. Following the transaction, the director now owns 65,507 shares of the company’s stock, valued at $1,014,048.36. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 44,330 shares of company stock valued at $692,350. Company insiders own 3.20% of the company’s stock.

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, and Del Frisco's Grille brand names. The company offers steaks, as well as other menu selections, such as chops and fresh seafood.

Insider Buying and Selling by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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