Del Frisco’s Restaurant Group (DFRG) – Research Analysts’ Recent Ratings Changes

Del Frisco’s Restaurant Group (NASDAQ: DFRG) recently received a number of ratings updates from brokerages and research firms:

  • 5/9/2018 – Del Frisco’s Restaurant Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas. “
  • 5/8/2018 – Del Frisco’s Restaurant Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/8/2018 – Del Frisco’s Restaurant Group was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. They now have a $16.00 price target on the stock.
  • 5/8/2018 – Del Frisco’s Restaurant Group had its “hold” rating reaffirmed by analysts at Canaccord Genuity.
  • 4/6/2018 – Del Frisco’s Restaurant Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/27/2018 – Del Frisco’s Restaurant Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas. “

Shares of Del Frisco’s Restaurant Group opened at $14.65 on Friday, MarketBeat Ratings reports. Del Frisco’s Restaurant Group has a 1-year low of $14.90 and a 1-year high of $14.90. The company has a quick ratio of 0.40, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a market cap of $305.65 million, a PE ratio of 19.53, a P/E/G ratio of 2.04 and a beta of 1.00.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Monday, May 7th. The restaurant operator reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). Del Frisco’s Restaurant Group had a negative net margin of 3.92% and a positive return on equity of 6.28%. The company had revenue of $89.30 million for the quarter, compared to the consensus estimate of $86.96 million. sell-side analysts predict that Del Frisco’s Restaurant Group will post 0.67 EPS for the current fiscal year.

In related news, CEO Norman J. Abdallah purchased 15,000 shares of Del Frisco’s Restaurant Group stock in a transaction dated Monday, March 12th. The stock was purchased at an average cost of $16.13 per share, for a total transaction of $241,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 67,712 shares of the company’s stock, valued at $1,092,194.56. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Juan Salas purchased 5,000 shares of Del Frisco’s Restaurant Group stock in a transaction dated Thursday, May 10th. The shares were bought at an average price of $15.15 per share, with a total value of $75,750.00. Following the completion of the acquisition, the insider now directly owns 5,000 shares of the company’s stock, valued at $75,750. The disclosure for this purchase can be found here. Insiders have bought 44,330 shares of company stock valued at $692,350 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new stake in Del Frisco’s Restaurant Group in the 4th quarter worth about $184,000. Mackay Shields LLC bought a new stake in Del Frisco’s Restaurant Group in the 1st quarter worth about $191,000. Barclays PLC increased its holdings in Del Frisco’s Restaurant Group by 361.7% in the 1st quarter. Barclays PLC now owns 20,774 shares of the restaurant operator’s stock worth $317,000 after buying an additional 16,275 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Del Frisco’s Restaurant Group in the 4th quarter worth about $543,000. Finally, Stone Ridge Asset Management LLC bought a new stake in Del Frisco’s Restaurant Group in the 4th quarter worth about $561,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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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