Ian Russell Carter Purchases 12,200 Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Stock

Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Director Ian Russell Carter acquired 12,200 shares of Del Frisco’s Restaurant Group stock in a transaction on Tuesday, July 25th. The stock was purchased at an average cost of $14.00 per share, with a total value of $170,800.00. Following the purchase, the director now directly owns 38,339 shares of the company’s stock, valued at approximately $536,746. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Del Frisco’s Restaurant Group, Inc. (DFRG) opened at 14.65 on Friday. Del Frisco’s Restaurant Group, Inc. has a 52-week low of $13.01 and a 52-week high of $18.80. The stock has a market cap of $309.51 million, a PE ratio of 25.17 and a beta of 0.80. The firm has a 50-day moving average price of $15.08 and a 200 day moving average price of $16.71.

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 analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $82.30 million for the quarter, compared to analyst estimates of $81.92 million. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. On average, analysts forecast that Del Frisco’s Restaurant Group, Inc. will post $0.76 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on the company. Canaccord Genuity reaffirmed a “hold” rating and set a $19.00 target price on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, April 25th. BidaskClub raised Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 19th. TheStreet cut Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research report on Wednesday, June 7th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $17.50 target price (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research report on Saturday, April 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.75.

Several large investors have recently made changes to their positions in DFRG. Thomson Horstmann & Bryant Inc. raised its stake in shares of Del Frisco’s Restaurant Group by 180.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 443,340 shares of the restaurant operator’s stock worth $8,002,000 after buying an additional 285,190 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Del Frisco’s Restaurant Group by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,395,582 shares of the restaurant operator’s stock worth $25,190,000 after buying an additional 190,478 shares during the period. Wellington Management Group LLP raised its stake in shares of Del Frisco’s Restaurant Group by 17.1% in the first quarter. Wellington Management Group LLP now owns 1,068,102 shares of the restaurant operator’s stock worth $19,279,000 after buying an additional 155,999 shares during the period. Kempen Capital Management N.V. raised its stake in shares of Del Frisco’s Restaurant Group by 189.1% in the first quarter. Kempen Capital Management N.V. now owns 204,214 shares of the restaurant operator’s stock worth $3,686,000 after buying an additional 133,576 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Del Frisco’s Restaurant Group by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,182,539 shares of the restaurant operator’s stock worth $20,103,000 after buying an additional 83,008 shares during the period.

About Del Frisco’s Restaurant Group

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.

Insider Buying and Selling by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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