Del Frisco’s Restaurant Group Inc (DFRG) Forecasted to Post Q3 2018 Earnings of ($0.37) Per Share

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) – Piper Jaffray Companies cut their Q3 2018 EPS estimates for Del Frisco’s Restaurant Group in a research note issued to investors on Tuesday, November 6th. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will post earnings per share of ($0.37) for the quarter, down from their prior forecast of ($0.32). Piper Jaffray Companies also issued estimates for Del Frisco’s Restaurant Group’s Q1 2019 earnings at ($0.06) EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at ($0.18) EPS and FY2019 earnings at ($0.04) EPS.

Several other research firms also recently commented on DFRG. Stephens downgraded shares of Del Frisco’s Restaurant Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $15.00 to $10.00 in a research report on Wednesday, September 12th. ValuEngine upgraded shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Loop Capital began coverage on shares of Del Frisco’s Restaurant Group in a research report on Friday, November 2nd. They issued a “hold” rating and a $8.00 price target for the company. Zacks Investment Research downgraded shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Finally, BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.25.

Shares of NASDAQ:DFRG opened at $6.92 on Thursday. The company has a market cap of $205.61 million, a PE ratio of 9.23, a P/E/G ratio of 2.71 and a beta of 1.14. The company has a quick ratio of 0.32, a current ratio of 0.66 and a debt-to-equity ratio of 0.22. Del Frisco’s Restaurant Group has a twelve month low of $5.86 and a twelve month high of $18.85.

In other news, major shareholder Armistice Capital Master Fund acquired 40,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were bought at an average cost of $6.24 per share, with a total value of $249,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Armistice Capital, Llc acquired 24,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was purchased at an average cost of $6.15 per share, for a total transaction of $147,600.00. The disclosure for this purchase can be found here. Insiders acquired a total of 96,000 shares of company stock worth $655,760 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in DFRG. FMR LLC increased its stake in Del Frisco’s Restaurant Group by 552.6% in the 3rd quarter. FMR LLC now owns 4,744,923 shares of the restaurant operator’s stock valued at $39,382,000 after buying an additional 4,017,823 shares during the period. Schroder Investment Management Group acquired a new position in Del Frisco’s Restaurant Group in the 2nd quarter valued at $12,661,000. BlackRock Inc. increased its stake in Del Frisco’s Restaurant Group by 51.3% in the 3rd quarter. BlackRock Inc. now owns 2,176,124 shares of the restaurant operator’s stock valued at $18,063,000 after buying an additional 737,922 shares during the period. Royal Bank of Canada increased its stake in Del Frisco’s Restaurant Group by 437,625.0% in 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 during the period. Finally, JPMorgan Chase & Co. increased its stake in Del Frisco’s Restaurant Group by 3,382.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 334,202 shares of the restaurant operator’s stock valued at $2,774,000 after buying an additional 324,604 shares during the period. 63.18% of the stock is currently owned by institutional investors.

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, Del Frisco's Grille, Barcelona Wine Bar, and bartaco brand names. The company offers steaks, as well as other menu selections, such as chops, fresh seafood, tapas, street food, and wines and cocktails.

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Earnings History and Estimates for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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