Wellington Management Group LLP lowered its position in shares of Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,162,735 shares of the company’s stock after selling 49,220 shares during the period. Wellington Management Group LLP owned approximately 9.28% of Del Frisco’s Restaurant Group worth $35,858,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its stake in Del Frisco’s Restaurant Group by 7.0% in the fourth quarter. Macquarie Group Ltd. now owns 718,875 shares of the company’s stock worth $11,516,000 after buying an additional 46,978 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Del Frisco’s Restaurant Group by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 713,575 shares of the company’s stock worth $11,432,000 after buying an additional 22,558 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Del Frisco’s Restaurant Group by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 604,133 shares of the company’s stock worth $10,017,000 after buying an additional 12,181 shares during the last quarter. State Street Corp increased its stake in Del Frisco’s Restaurant Group by 5.9% in the first quarter. State Street Corp now owns 378,851 shares of the company’s stock worth $6,285,000 after buying an additional 20,976 shares during the last quarter. Finally, Scopus Asset Management L.P. increased its stake in Del Frisco’s Restaurant Group by 37.5% in the fourth quarter. Scopus Asset Management L.P. now owns 275,000 shares of the company’s stock worth $4,406,000 after buying an additional 75,000 shares during the last quarter.
Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) traded down 1.18% during midday trading on Wednesday, hitting $15.08. The company’s stock had a trading volume of 71,058 shares. Del Frisco’s Restaurant Group Inc. has a 52-week low of $12.25 and a 52-week high of $17.15. The stock has a 50 day moving average of $14.99 and a 200 day moving average of $15.57. The company has a market cap of $352.15 million and a PE ratio of 21.24.
A number of research firms have recently commented on DFRG. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Monday, July 18th. TheStreet cut Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Stifel Nicolaus cut Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Tuesday. Sterne Agee CRT reaffirmed a “buy” rating on shares of Del Frisco’s Restaurant Group in a report on Monday, May 16th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $17.00 target price on shares of Del Frisco’s Restaurant Group in a report on Friday, June 17th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Del Frisco’s Restaurant Group currently has an average rating of “Hold” and a consensus price target of $18.08.
Del Frisco’s Restaurant Group, Inc is engaged in developing, owning and operating restaurants. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). Its operating segments are Del Frisco’s, Sullivan’s and Del Frisco’s Grille.
