Brokerages Set Del Frisco’s Restaurant Group Inc (DFRG) PT at $16.38

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) has been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.38.

Several research firms have commented on DFRG. Zacks Investment Research downgraded Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. Canaccord Genuity cut their target price on Del Frisco’s Restaurant Group from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, July 13th. ValuEngine downgraded Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 10th. Finally, BidaskClub downgraded Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Friday, July 6th.

In other Del Frisco’s Restaurant Group news, CFO Neil H. Thomson acquired 6,250 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were acquired at an average price of $8.00 per share, for a total transaction of $50,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Norman J. Abdallah bought 10,000 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Monday, August 6th. The stock was purchased at an average price of $8.00 per share, for a total transaction of $80,000.00. Following the acquisition, the chief executive officer now directly owns 115,882 shares of the company’s stock, valued at approximately $927,056. The disclosure for this purchase can be found here. Insiders have bought 26,835 shares of company stock worth $231,511 in the last 90 days. Insiders own 3.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of Del Frisco’s Restaurant Group by 437,625.0% during the first quarter. Royal Bank of Canada now owns 385,198 shares of the restaurant operator’s stock valued at $5,874,000 after purchasing an additional 385,110 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Del Frisco’s Restaurant Group during the first quarter worth $1,343,000. Cardinal Capital Management LLC CT raised its holdings in shares of Del Frisco’s Restaurant Group by 32.4% during the first quarter. Cardinal Capital Management LLC CT now owns 1,594,938 shares of the restaurant operator’s stock worth $24,323,000 after acquiring an additional 390,193 shares during the period. Wells Fargo & Company MN boosted its position in Del Frisco’s Restaurant Group by 16.8% during the fourth quarter. Wells Fargo & Company MN now owns 101,798 shares of the restaurant operator’s stock valued at $1,552,000 after purchasing an additional 14,627 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Del Frisco’s Restaurant Group by 361.7% in the first quarter. Barclays PLC now owns 20,774 shares of the restaurant operator’s stock worth $317,000 after acquiring an additional 16,275 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

DFRG traded down $0.05 on Tuesday, hitting $9.40. 843,611 shares of the company traded hands, compared to its average volume of 778,258. The company has a quick ratio of 0.32, a current ratio of 0.66 and a debt-to-equity ratio of 0.22. The company has a market cap of $298.92 million, a PE ratio of 13.90, a P/E/G ratio of 3.26 and a beta of 0.87. Del Frisco’s Restaurant Group has a 12-month low of $7.90 and a 12-month high of $18.85.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, July 27th. The restaurant operator reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.11. The firm had revenue of $90.04 million during the quarter, compared to the consensus estimate of $90.69 million. Del Frisco’s Restaurant Group had a positive return on equity of 7.14% and a negative net margin of 4.81%. sell-side analysts expect that Del Frisco’s Restaurant Group will post 0.34 EPS for the current fiscal year.

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.

Further Reading: How to Invest in Marijuana Stocks

Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

Receive News & Ratings for Del Frisco's Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply