Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) Expected to Post Quarterly Sales of $122.68 Million

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Brokerages expect Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) to announce $122.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Del Frisco’s Restaurant Group’s earnings, with estimates ranging from $122.58 million to $122.78 million. Del Frisco’s Restaurant Group reported sales of $105.30 million in the same quarter last year, which indicates a positive year over year growth rate of 16.5%. The company is scheduled to announce its next quarterly earnings report on Monday, November 11th.

On average, analysts expect that Del Frisco’s Restaurant Group will report full-year sales of $521.94 million for the current fiscal year, with estimates ranging from $521.30 million to $522.58 million. For the next financial year, analysts anticipate that the firm will post sales of $562.19 million, with estimates ranging from $556.84 million to $567.53 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Del Frisco’s Restaurant Group.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its earnings results on Tuesday, August 6th. The restaurant operator reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $131.69 million for the quarter, compared to analysts’ expectations of $132.37 million. Del Frisco’s Restaurant Group had a negative return on equity of 3.98% and a negative net margin of 20.75%.

Several brokerages recently issued reports on DFRG. Zacks Investment Research cut shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. ValuEngine raised shares of Del Frisco’s Restaurant Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. BidaskClub cut shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Del Frisco’s Restaurant Group from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in DFRG. Alpine Associates Management Inc. purchased a new stake in Del Frisco’s Restaurant Group during the 2nd quarter valued at about $9,585,000. Water Island Capital LLC purchased a new stake in shares of Del Frisco’s Restaurant Group in the 2nd quarter valued at approximately $8,024,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Del Frisco’s Restaurant Group in the 2nd quarter valued at approximately $6,892,000. UBS Group AG grew its stake in shares of Del Frisco’s Restaurant Group by 111,242.8% in the 2nd quarter. UBS Group AG now owns 845,092 shares of the restaurant operator’s stock valued at $6,727,000 after buying an additional 844,333 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in shares of Del Frisco’s Restaurant Group in the 2nd quarter valued at approximately $6,198,000. 96.64% of the stock is owned by institutional investors.

NASDAQ DFRG traded down $0.03 during trading hours on Tuesday, hitting $7.95. 4,286,400 shares of the company’s stock traded hands, compared to its average volume of 942,783. Del Frisco’s Restaurant Group has a 52-week low of $4.61 and a 52-week high of $9.27. The company has a market capitalization of $267.08 million, a PE ratio of -44.17 and a beta of 0.71. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.46 and a quick ratio of 0.24. The firm’s 50-day moving average is $7.97 and its 200-day moving average is $7.27.

About Del Frisco’s Restaurant Group

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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Earnings History and Estimates for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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