Del Frisco’s Restaurant Group Inc (DFRG) Major Shareholder Armistice Capital Master Fund Buys 65,000 Shares

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Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) major shareholder Armistice Capital Master Fund purchased 65,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was purchased at an average price of $4.90 per share, with a total value of $318,500.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Armistice Capital Master Fund also recently made the following trade(s):

  • On Tuesday, May 14th, Armistice Capital Master Fund purchased 90,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $5.60 per share, with a total value of $504,000.00.
  • On Thursday, May 9th, Armistice Capital Master Fund purchased 265,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.09 per share, with a total value of $1,613,850.00.
  • On Wednesday, April 3rd, Armistice Capital Master Fund purchased 85,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.38 per share, with a total value of $542,300.00.
  • On Wednesday, March 27th, Armistice Capital Master Fund purchased 65,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.40 per share, with a total value of $416,000.00.
  • On Monday, March 25th, Armistice Capital Master Fund purchased 150,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.43 per share, with a total value of $964,500.00.
  • On Wednesday, March 20th, Armistice Capital Master Fund purchased 319,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.52 per share, with a total value of $2,079,880.00.
  • On Friday, March 15th, Armistice Capital Master Fund purchased 571,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $7.26 per share, with a total value of $4,145,460.00.
  • On Wednesday, March 6th, Armistice Capital Master Fund purchased 52,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $8.19 per share, with a total value of $425,880.00.

Shares of DFRG traded up $1.48 during trading hours on Monday, reaching $6.23. 9,649,169 shares of the company traded hands, compared to its average volume of 702,590. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 2.58. The firm has a market cap of $158.75 million, a P/E ratio of -34.61 and a beta of 0.80. Del Frisco’s Restaurant Group Inc has a fifty-two week low of $4.61 and a fifty-two week high of $14.10.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Tuesday, May 7th. The restaurant operator reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.07. The business had revenue of $120.38 million for the quarter, compared to analyst estimates of $121.65 million. Del Frisco’s Restaurant Group had a negative return on equity of 1.15% and a negative net margin of 21.62%. As a group, equities analysts expect that Del Frisco’s Restaurant Group Inc will post -0.24 EPS for the current fiscal year.

A number of brokerages have recently weighed in on DFRG. JPMorgan Chase & Co. began coverage on Del Frisco’s Restaurant Group in a research report on Friday, February 15th. They issued a “neutral” rating and a $9.00 price target for the company. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. ValuEngine cut Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, BidaskClub cut Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.70.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in shares of Del Frisco’s Restaurant Group by 68.4% during the third quarter. Legal & General Group Plc now owns 4,974 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 2,020 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Del Frisco’s Restaurant Group by 9.8% during the first quarter. Ironwood Investment Management LLC now owns 23,664 shares of the restaurant operator’s stock valued at $152,000 after acquiring an additional 2,111 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Del Frisco’s Restaurant Group by 9.8% during the first quarter. The Manufacturers Life Insurance Company now owns 24,154 shares of the restaurant operator’s stock valued at $155,000 after acquiring an additional 2,152 shares during the last quarter. Teton Advisors Inc. boosted its stake in shares of Del Frisco’s Restaurant Group by 17.6% during the fourth quarter. Teton Advisors Inc. now owns 22,000 shares of the restaurant operator’s stock valued at $157,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Del Frisco’s Restaurant Group by 3.0% during the fourth quarter. Millennium Management LLC now owns 112,192 shares of the restaurant operator’s stock valued at $802,000 after acquiring an additional 3,302 shares during the last quarter. 94.98% of the stock is currently owned by institutional investors and hedge funds.

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Del Frisco’s Restaurant Group Company Profile

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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