Del Frisco’s Restaurant Group (DFRG) Expected to Announce Earnings of $0.20 Per Share

Equities research analysts expect Del Frisco’s Restaurant Group (NASDAQ:DFRG) to announce $0.20 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Del Frisco’s Restaurant Group’s earnings, with estimates ranging from $0.18 to $0.22. Del Frisco’s Restaurant Group also reported earnings of $0.20 per share during the same quarter last year. The firm is scheduled to issue its next quarterly earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full-year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.70. For the next financial year, analysts anticipate that the business will report earnings of $0.94 per share, with EPS estimates ranging from $0.82 to $1.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Del Frisco’s Restaurant Group.

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Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its earnings results on Thursday, March 8th. The restaurant operator reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). Del Frisco’s Restaurant Group had a positive return on equity of 7.21% and a negative net margin of 3.17%. The business had revenue of $121.89 million during the quarter, compared to analysts’ expectations of $123.12 million. During the same period last year, the firm posted $0.37 EPS. Del Frisco’s Restaurant Group’s quarterly revenue was up 2.3% compared to the same quarter last year.

Several equities research analysts have recently commented on DFRG shares. Stephens raised shares of Del Frisco’s Restaurant Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $15.10 to $18.00 in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday, January 12th. BidaskClub raised shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Deutsche Bank raised shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Bank of America raised shares of Del Frisco’s Restaurant Group to a “buy” rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.50.

NASDAQ:DFRG traded up $0.25 during mid-day trading on Friday, reaching $16.00. The company’s stock had a trading volume of 158,202 shares, compared to its average volume of 188,802. Del Frisco’s Restaurant Group has a 12-month low of $11.70 and a 12-month high of $18.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.37 and a current ratio of 0.71. The firm has a market cap of $320.40, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 2.09 and a beta of 1.01.

Del Frisco’s Restaurant Group announced that its board has approved a stock buyback plan on Thursday, March 8th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

In other Del Frisco’s Restaurant Group news, CEO Norman J. Abdallah purchased 15,000 shares of Del Frisco’s Restaurant Group stock in a transaction dated Monday, March 12th. The stock was purchased at an average price of $16.13 per share, with a total value of $241,950.00. Following the transaction, the chief executive officer now directly owns 67,712 shares of the company’s stock, valued at $1,092,194.56. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFRG. MetLife Investment Advisors LLC purchased a new stake in Del Frisco’s Restaurant Group in the 4th quarter worth approximately $184,000. Landscape Capital Management L.L.C. purchased a new stake in Del Frisco’s Restaurant Group in the 4th quarter worth approximately $543,000. Stone Ridge Asset Management LLC purchased a new stake in Del Frisco’s Restaurant Group in the 4th quarter worth approximately $561,000. Deutsche Bank AG increased its holdings in Del Frisco’s Restaurant Group by 134.8% in the 4th quarter. Deutsche Bank AG now owns 59,477 shares of the restaurant operator’s stock worth $905,000 after acquiring an additional 34,149 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Del Frisco’s Restaurant Group by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 79,916 shares of the restaurant operator’s stock worth $1,163,000 after acquiring an additional 4,021 shares in the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

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

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