Del Frisco’s Restaurant Group’s (DFRG) “Outperform” Rating Reaffirmed at Raymond James Financial, Inc.

Raymond James Financial, Inc. reaffirmed their outperform rating on shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) in a report published on Monday, July 24th. They currently have a $20.00 price target on the restaurant operator’s stock.

Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Del Frisco’s Restaurant Group from a hold rating to a strong sell rating in a report on Wednesday, July 19th. TheStreet downgraded shares of Del Frisco’s Restaurant Group from a b rating to a c+ rating in a report on Wednesday, June 7th. Deutsche Bank AG reissued a hold rating and set a $17.50 price objective (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a report on Saturday, April 29th. Finally, Canaccord Genuity reissued a hold rating and set a $19.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $18.75.

Del Frisco’s Restaurant Group (DFRG) opened at 14.65 on Monday. The firm has a market cap of $309.51 million, a PE ratio of 25.17 and a beta of 0.80. The stock’s 50 day moving average price is $15.08 and its 200-day moving average price is $16.71. Del Frisco’s Restaurant Group has a 12-month low of $13.01 and a 12-month high of $18.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The business had revenue of $82.30 million during the quarter, compared to analysts’ expectations of $81.92 million. During the same quarter in the previous year, the company posted $0.19 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that Del Frisco’s Restaurant Group will post $0.76 earnings per share for the current fiscal year.

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In other Del Frisco’s Restaurant Group news, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $17.74, for a total value of $50,150.98. Following the completion of the sale, the chief financial officer now owns 44,536 shares of the company’s stock, valued at $790,068.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas G. Dritsas acquired 7,194 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of $13.97 per share, with a total value of $100,500.18. Following the purchase, the vice president now owns 10,848 shares of the company’s stock, valued at $151,546.56. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 57,394 shares of company stock valued at $809,299. 2.40% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in DFRG. ClariVest Asset Management LLC increased its stake in shares of Del Frisco’s Restaurant Group by 21.6% in the first quarter. ClariVest Asset Management LLC now owns 6,047 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 1,073 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the first quarter valued at about $126,000. First Quadrant L P CA purchased a new stake in shares of Del Frisco’s Restaurant Group during the second quarter valued at about $200,000. AXA purchased a new stake in shares of Del Frisco’s Restaurant Group during the second quarter valued at about $203,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Del Frisco’s Restaurant Group during the second quarter valued at about $205,000.

Del Frisco’s Restaurant Group Company Profile

Del Frisco’s Restaurant Group, Inc develops, owns and operates three contemporary, complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). As of December 27, 2016, the Company operated 53 restaurants in 24 states and the District of Columbia in the United States.

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

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