Del Frisco’s Restaurant Group (DFRG) Downgraded to “D+” at TheStreet

TheStreet lowered shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) from a c- rating to a d+ rating in a research report report published on Friday morning.

Several other brokerages have also weighed in on DFRG. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a buy rating to a hold rating in a report on Friday, July 20th. Canaccord Genuity reissued a hold rating on shares of Del Frisco’s Restaurant Group in a report on Tuesday, May 8th. Raymond James lowered Del Frisco’s Restaurant Group from an outperform rating to a market perform rating and set a $16.00 price objective for the company. in a report on Tuesday, May 8th. ValuEngine lowered Del Frisco’s Restaurant Group from a sell rating to a strong sell rating in a report on Tuesday, May 22nd. Finally, BidaskClub lowered Del Frisco’s Restaurant Group from a sell rating to a strong sell rating in a report on Friday, July 6th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Del Frisco’s Restaurant Group currently has an average rating of Hold and a consensus price target of $15.90.

NASDAQ DFRG opened at $9.90 on Friday. The firm has a market cap of $297.34 million, a PE ratio of 13.20, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. Del Frisco’s Restaurant Group has a one year low of $7.90 and a one year high of $18.85. The company has a current ratio of 0.66, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its earnings results on Friday, July 27th. The restaurant operator reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.11. The company had revenue of $90.04 million for the quarter, compared to analysts’ expectations 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 forecast that Del Frisco’s Restaurant Group will post 0.34 EPS for the current fiscal year.

In related news, SVP Thomas G. Dritsas bought 4,650 shares of Del Frisco’s Restaurant Group stock in a transaction on Tuesday, August 7th. The stock was acquired at an average price of $8.91 per share, with a total value of $41,431.50. Following the acquisition, the senior vice president now directly owns 771 shares of the company’s stock, valued at $6,869.61. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Norman J. Abdallah bought 10,000 shares of Del Frisco’s Restaurant Group stock in a transaction on Monday, August 6th. The shares were bought at an average cost of $8.00 per share, with a total value of $80,000.00. Following the acquisition, the chief executive officer now directly owns 115,882 shares in the company, valued at $927,056. The disclosure for this purchase can be found here. In the last three months, insiders purchased 25,175 shares of company stock valued at $206,661. 3.20% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Cardinal Capital Management LLC CT grew its holdings in Del Frisco’s Restaurant Group by 32.4% during the 1st quarter. Cardinal Capital Management LLC CT now owns 1,594,938 shares of the restaurant operator’s stock valued at $24,323,000 after buying an additional 390,193 shares in the last quarter. BlackRock Inc. grew its holdings in Del Frisco’s Restaurant Group by 1.0% during the 2nd quarter. BlackRock Inc. now owns 1,438,202 shares of the restaurant operator’s stock valued at $18,121,000 after buying an additional 13,854 shares in the last quarter. Royal Bank of Canada grew its holdings in Del Frisco’s Restaurant Group by 437,625.0% during the 1st quarter. Royal Bank of Canada now owns 385,198 shares of the restaurant operator’s stock valued at $5,874,000 after buying an additional 385,110 shares in the last quarter. Foundry Partners LLC grew its holdings in Del Frisco’s Restaurant Group by 4.4% during the 1st quarter. Foundry Partners LLC now owns 318,485 shares of the restaurant operator’s stock valued at $4,857,000 after buying an additional 13,550 shares in the last quarter. Finally, Penn Capital Management Co. Inc. grew its holdings in Del Frisco’s Restaurant Group by 44.3% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 272,362 shares of the restaurant operator’s stock valued at $3,432,000 after buying an additional 83,622 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

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

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