Del Frisco’s Restaurant Group, Inc. (DFRG) PT Lowered to $14.50

Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) had its price objective reduced by stock analysts at Credit Suisse Group from $16.50 to $14.50 in a research report issued on Wednesday. The firm currently has an “outperform” rating on the restaurant operator’s stock. Credit Suisse Group’s target price would suggest a potential upside of 13.73% from the stock’s current price.

DFRG has been the topic of several other reports. BidaskClub raised shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Raymond James Financial, Inc. set a $16.00 price objective on shares of Del Frisco’s Restaurant Group and gave the company a “hold” rating in a report on Monday. Zacks Investment Research downgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $16.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Sunday, October 1st. Two investment 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. The stock presently 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 12.75 on Wednesday. The company has a market capitalization of $269.37 million, a P/E ratio of 21.91 and a beta of 0.78. The firm has a 50-day moving average of $14.05 and a 200-day moving average of $15.66. Del Frisco’s Restaurant Group has a one year low of $12.65 and a one year high of $18.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, October 13th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). The company had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $73.58 million. Del Frisco’s Restaurant Group had a net margin of 3.00% and a return on equity of 6.94%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. Analysts forecast that Del Frisco’s Restaurant Group will post $0.73 earnings per share for the current year.

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In other Del Frisco’s Restaurant Group news, CFO Neil H. Thomson purchased 4,000 shares of the firm’s stock in a transaction dated Sunday, July 30th. The shares were purchased at an average cost of $14.25 per share, with a total value of $57,000.00. Following the completion of the purchase, the chief financial officer now owns 34,224 shares in the company, valued at approximately $487,692. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ian Russell Carter purchased 8,900 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was acquired at an average cost of $12.70 per share, for a total transaction of $113,030.00. Following the completion of the purchase, the director now owns 47,239 shares of the company’s stock, valued at approximately $599,935.30. The disclosure for this purchase can be found here. Over the last three months, insiders bought 66,294 shares of company stock worth $922,329. Insiders own 2.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Del Frisco’s Restaurant Group by 527.9% in the second quarter. The Manufacturers Life Insurance Company now owns 121,567 shares of the restaurant operator’s stock worth $1,957,000 after buying an additional 102,206 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Del Frisco’s Restaurant Group by 55.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 310,914 shares of the restaurant operator’s stock worth $5,006,000 after buying an additional 111,405 shares in the last quarter. State Street Corp lifted its stake in shares of Del Frisco’s Restaurant Group by 8.1% in the second quarter. State Street Corp now owns 447,940 shares of the restaurant operator’s stock worth $7,214,000 after buying an additional 33,730 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Del Frisco’s Restaurant Group in the second quarter worth about $1,051,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Del Frisco’s Restaurant Group in the second quarter worth about $13,574,000. 99.22% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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