News articles about Del Frisco’s Restaurant Group (NASDAQ:DFRG) have been trending positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Del Frisco’s Restaurant Group earned a news sentiment score of 0.37 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 46.2602003444492 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
DFRG has been the topic of several recent analyst reports. Canaccord Genuity reiterated a “hold” rating and issued a $16.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Friday, March 9th. BidaskClub lowered shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Stephens upgraded shares of Del Frisco’s Restaurant Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $15.10 to $18.00 in a research note on Wednesday, January 10th. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Bank of America upgraded shares of Del Frisco’s Restaurant Group to a “buy” rating in a research note on Friday, March 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Del Frisco’s Restaurant Group presently has an average rating of “Hold” and a consensus price target of $17.50.
Shares of DFRG stock traded up $0.25 during trading hours on Thursday, hitting $16.00. The stock had a trading volume of 129,584 shares, compared to its average volume of 274,403. The company has a market capitalization of $316.33, a P/E ratio of 21.27, a PEG ratio of 2.08 and a beta of 1.01. Del Frisco’s Restaurant Group has a twelve month low of $11.70 and a twelve month high of $18.85. The company has a current ratio of 0.71, a quick ratio of 0.37 and a debt-to-equity ratio of 0.13.
Del Frisco’s Restaurant Group announced that its board has authorized a stock buyback plan on Thursday, March 8th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
In related news, CEO Norman J. Abdallah purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was purchased at an average cost of $16.13 per share, with a total value of $241,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 67,712 shares in the company, valued at $1,092,194.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.40% of the stock is currently owned by corporate insiders.
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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, 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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