Del Frisco’s Restaurant Group (DFRG) Issues Revenue Results

Del Frisco’s Restaurant Group (DFRG) Issues  Revenue Results

Shares of Del Frisco’s Restaurant Group stock opened at $7.80 on Thursday. The stock has a market capitalization of $266.53 million, a PE ratio of -43.33 and a beta of 0.82. Del Frisco’s Restaurant Group has a one year low of $5.86 and a one year high of $17.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.38 and a current ratio of 0.65.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) posted its earnings results on Tuesday. The restaurant operator reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04, MarketWatch Earnings reports. Del Frisco’s Restaurant Group had a positive return on equity of 1.50% and a negative net margin of 18.68%. The firm had revenue of $123.85 million during the quarter, compared to analysts’ expectations of $125.63 million.

A number of research analysts have issued reports on DFRG shares. Zacks Investment Research raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Monday, February 4th. BidaskClub cut Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. ValuEngine raised Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, JPMorgan Chase & Co. started coverage on Del Frisco’s Restaurant Group in a research note on Friday, February 15th. They issued a “neutral” rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Del Frisco’s Restaurant Group currently has an average rating of “Hold” and a consensus price target of $11.00.

In other news, major shareholder Armistice Capital Master Fund purchased 253,000 shares of the business’s stock in a transaction dated Thursday, December 20th. The shares were bought at an average cost of $6.49 per share, for a total transaction of $1,641,970.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Armistice Capital, Llc purchased 33,780 shares of the business’s stock in a transaction dated Friday, January 25th. The stock was purchased at an average price of $7.94 per share, for a total transaction of $268,213.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 930,733 shares of company stock worth $6,316,316. Corporate insiders own 3.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Del Frisco’s Restaurant Group by 4.9% in the fourth quarter. FMR LLC now owns 4,979,723 shares of the restaurant operator’s stock valued at $35,605,000 after purchasing an additional 234,800 shares in the last quarter. Engaged Capital LLC bought a new stake in Del Frisco’s Restaurant Group during the fourth quarter worth about $23,795,000. BlackRock Inc. raised its holdings in Del Frisco’s Restaurant Group by 5.3% during the fourth quarter. BlackRock Inc. now owns 2,292,283 shares of the restaurant operator’s stock worth $16,391,000 after acquiring an additional 116,159 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Del Frisco’s Restaurant Group by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,637,074 shares of the restaurant operator’s stock worth $11,705,000 after acquiring an additional 44,119 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Del Frisco’s Restaurant Group by 55.0% during the third quarter. Schroder Investment Management Group now owns 1,512,846 shares of the restaurant operator’s stock worth $12,557,000 after acquiring an additional 537,034 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

Del Frisco’s Restaurant Group Company Profile

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, 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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