SG Americas Securities LLC Increases Position in Del Frisco’s Restaurant Group, Inc. (DFRG)

SG Americas Securities LLC boosted its stake in Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 66.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,580 shares of the restaurant operator’s stock after acquiring an additional 4,621 shares during the period. SG Americas Securities LLC owned about 0.05% of Del Frisco’s Restaurant Group worth $186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rhumbline Advisers lifted its position in Del Frisco’s Restaurant Group by 1.9% in the second quarter. Rhumbline Advisers now owns 26,097 shares of the restaurant operator’s stock valued at $420,000 after acquiring an additional 485 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Del Frisco’s Restaurant Group by 0.5% in the second quarter. Wedge Capital Management L L P NC now owns 829,121 shares of the restaurant operator’s stock valued at $13,349,000 after acquiring an additional 4,288 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in Del Frisco’s Restaurant Group in the second quarter valued at $205,000. Algert Global LLC lifted its position in Del Frisco’s Restaurant Group by 85.5% in the second quarter. Algert Global LLC now owns 76,530 shares of the restaurant operator’s stock valued at $1,232,000 after acquiring an additional 35,270 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its position in Del Frisco’s Restaurant Group by 3.8% in the second quarter. Hodges Capital Management Inc. now owns 135,000 shares of the restaurant operator’s stock valued at $2,173,000 after acquiring an additional 5,000 shares during the last quarter. 99.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ DFRG) opened at 14.25 on Thursday. The stock has a market capitalization of $301.06 million, a PE ratio of 24.48 and a beta of 0.78. The stock has a 50 day moving average of $14.12 and a 200-day moving average of $16.17. Del Frisco’s Restaurant Group, Inc. has a one year low of $13.01 and a one year high of $18.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The business had revenue of $82.30 million during the quarter, compared to the consensus estimate of $81.92 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that Del Frisco’s Restaurant Group, Inc. will post $0.76 earnings per share for the current fiscal year.

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 Tuesday, July 25th. The shares were bought at an average cost of $14.11 per share, for a total transaction of $211,650.00. Following the transaction, the chief executive officer now owns 52,712 shares in the company, valued at approximately $743,766.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Thomas G. Dritsas purchased 7,194 shares of Del Frisco’s Restaurant Group stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $13.97 per share, for a total transaction of $100,500.18. Following the completion of the transaction, the vice president now owns 10,848 shares in the company, valued at approximately $151,546.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 57,394 shares of company stock worth $809,299. Insiders own 2.40% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. BidaskClub cut shares of Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Del Frisco’s Restaurant Group in a report on Monday, July 24th. Zacks Investment Research cut shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. Finally, TheStreet cut shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Del Frisco’s Restaurant Group currently has an average rating of “Hold” and a consensus price target of $18.75.

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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.

Institutional Ownership by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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