Press coverage about Del Frisco’s Restaurant Group (NASDAQ:DFRG) has trended positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Del Frisco’s Restaurant Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 45.7339980896351 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- The ONE Group Hospitality’s Shift To A Licensing Strategy: But First, Dinner (seekingalpha.com)
- Del Frisco’s Restaurant Group Supports Hurricane Harvey Relief Efforts with $805000 Donation – GlobeNewswire (press release) (globenewswire.com)
- Del Frisco’s Restaurant Group Donates $805,000 to Harvey Relief (fortworthbusiness.com)
- Del Frisco’s Restaurant Group Supports Hurricane Harvey Relief Efforts With $805,000 Donation (thestreet.com)
- Del Frisco’s Restaurant Group Supports Hurricane Harvey Relief Efforts with $805,000 Donation (finance.yahoo.com)
Several brokerages recently issued reports on DFRG. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $20.00 price target on shares of Del Frisco’s Restaurant Group in a research report on Monday, July 24th. BidaskClub cut shares of Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. TheStreet cut shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. Finally, Zacks Investment Research cut shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Del Frisco’s Restaurant Group has a consensus rating of “Hold” and an average target price of $18.75.
Shares of Del Frisco’s Restaurant Group (NASDAQ DFRG) traded up 2.16% on Friday, hitting $14.20. 134,959 shares of the stock were exchanged. The company’s 50 day moving average is $14.14 and its 200-day moving average is $16.22. The stock has a market cap of $300.00 million, a PE ratio of 24.40 and a beta of 0.78. Del Frisco’s Restaurant Group has a 52-week low of $13.01 and a 52-week high of $18.80.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The firm had revenue of $82.30 million during the quarter, compared to analyst estimates of $81.92 million. During the same period in the previous year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts predict that Del Frisco’s Restaurant Group will post $0.76 EPS for the current fiscal year.
In other Del Frisco’s Restaurant Group news, CEO Norman J. Abdallah purchased 15,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were purchased at an average price of $14.11 per share, with a total value of $211,650.00. Following the completion of the transaction, the chief executive officer now directly owns 52,712 shares in the company, valued at $743,766.32. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas G. Dritsas purchased 7,194 shares of the stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of $13.97 per share, for a total transaction of $100,500.18. Following the transaction, the vice president now owns 10,848 shares of the company’s stock, valued at $151,546.56. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 57,394 shares of company stock worth $809,299. Insiders own 2.40% of the company’s stock.
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Del Frisco’s Restaurant Group Company Profile
Del Frisco’s Restaurant Group, Inc develops, owns and operates three contemporary, complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). As of December 27, 2016, the Company operated 53 restaurants in 24 states and the District of Columbia in the United States.
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