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.
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.
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