Del Frisco's Restaurant Group Inc (DFRG) Earns Hold Rating from Deutsche Bank AG

Deutsche Bank AG restated their hold rating on shares of Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) in a research report released on Saturday, April 29th. They currently have a $17.50 price target on the restaurant operator’s stock, up from their previous price target of $16.00.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Del Frisco's Restaurant Group from a hold rating to a sell rating in a research report on Wednesday, April 26th. Canaccord Genuity restated a hold rating and issued a $19.00 target price on shares of Del Frisco's Restaurant Group in a research note on Tuesday, April 25th. Finally, TheStreet upgraded shares of Del Frisco's Restaurant Group from a c+ rating to a b- rating in a research note on Wednesday, February 1st. One equities research analyst has 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 presently has an average rating of Hold and an average target price of $17.75.

Shares of Del Frisco's Restaurant Group (NASDAQ:DFRG) traded down 0.893% during trading on Friday, reaching $17.195. 98,385 shares of the company were exchanged. Del Frisco's Restaurant Group has a 1-year low of $13.01 and a 1-year high of $18.80. The stock has a market capitalization of $375.26 million, a P/E ratio of 25.664 and a beta of 0.93. The firm has a 50-day moving average price of $17.85 and a 200-day moving average price of $17.15.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. Del Frisco's Restaurant Group had a return on equity of 8.15% and a net margin of 5.36%. The business had revenue of $83.89 million during the quarter, compared to analyst estimates of $84.08 million. During the same period in the previous year, the company earned $0.23 EPS. Del Frisco's Restaurant Group’s revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that Del Frisco's Restaurant Group will post $0.84 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/05/19/deutsche-bank-ag-reaffirms-hold-rating-for-del-friscos-restaurant-group-inc-dfrg-updated-updated.html.

In other news, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $17.74, for a total value of $50,150.98. Following the transaction, the chief financial officer now directly owns 44,536 shares in the company, valued at approximately $790,068.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder National Financial I. Fidelity sold 1,200,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $16.87, for a total transaction of $20,244,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of DFRG. Nationwide Fund Advisors increased its position in Del Frisco's Restaurant Group by 0.8% in the first quarter. Nationwide Fund Advisors now owns 19,177 shares of the restaurant operator’s stock worth $346,000 after buying an additional 152 shares during the last quarter. First Trust Advisors LP increased its position in Del Frisco's Restaurant Group by 4.6% in the third quarter. First Trust Advisors LP now owns 12,694 shares of the restaurant operator’s stock worth $171,000 after buying an additional 555 shares during the last quarter. American International Group Inc. increased its position in Del Frisco's Restaurant Group by 7.1% in the first quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock worth $263,000 after buying an additional 970 shares during the last quarter. ClariVest Asset Management LLC increased its position in Del Frisco's Restaurant Group by 21.6% in the first quarter. ClariVest Asset Management LLC now owns 6,047 shares of the restaurant operator’s stock worth $109,000 after buying an additional 1,073 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Del Frisco's Restaurant Group by 5.0% in the first quarter. Teachers Advisors LLC now owns 39,650 shares of the restaurant operator’s stock worth $716,000 after buying an additional 1,903 shares during the last quarter.

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.

5 Day Chart for NASDAQ:DFRG

Receive News & Ratings for Del Frisco's Restaurant Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply