Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) had its target price decreased by investment analysts at Credit Suisse Group from $16.50 to $14.50 in a report issued on Wednesday, October 18th. The firm currently has an “outperform” rating on the restaurant operator’s stock. Credit Suisse Group’s price target would suggest a potential upside of 3.94% from the company’s current price.
A number of other research analysts also recently weighed in on DFRG. Raymond James Financial, Inc. reissued an “outperform” rating and set a $20.00 target price on shares of Del Frisco’s Restaurant Group in a research report on Monday, July 24th. BidaskClub downgraded shares of Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Canaccord Genuity reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Sunday, October 1st. Finally, Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Del Frisco’s Restaurant Group has a consensus rating of “Hold” and an average target price of $16.00.
Shares of Del Frisco’s Restaurant Group (NASDAQ DFRG) opened at $13.95 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.33 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $293.89, a PE ratio of 20.07, a PEG ratio of 1.74 and a beta of 0.78.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings data on Friday, October 13th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). Del Frisco’s Restaurant Group had a return on equity of 6.94% and a net margin of 3.00%. The firm had revenue of $73.30 million during the quarter, compared to the consensus estimate of $73.58 million. During the same period in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. equities analysts predict that Del Frisco’s Restaurant Group will post 0.73 EPS for the current year.
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In related news, Director Ian Russell Carter acquired 8,900 shares of the stock in a transaction dated Tuesday, October 17th. The shares were purchased at an average price of $12.70 per share, for a total transaction of $113,030.00. Following the transaction, the director now owns 47,239 shares in the company, valued at approximately $599,935.30. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have bought 11,000 shares of company stock worth $139,796. Corporate insiders own 2.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of DFRG. SG Americas Securities LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the 1st quarter valued at $126,000. First Quadrant L P CA bought a new position in shares of Del Frisco’s Restaurant Group during the 2nd quarter valued at $200,000. AXA bought a new position in shares of Del Frisco’s Restaurant Group during the 2nd quarter valued at $203,000. Cigna Investments Inc. New bought a new position in shares of Del Frisco’s Restaurant Group during the 2nd quarter valued at $205,000. Finally, Voya Investment Management LLC grew its holdings in shares of Del Frisco’s Restaurant Group by 12.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,576 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 1,643 shares during the last quarter. Hedge funds and other institutional investors own 98.62% of the company’s stock.
About Del Frisco’s Restaurant Group
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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