Del Frisco’s Restaurant Group (DFRG) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) from a hold rating to a sell rating in a research note issued to investors on Monday, August 6th.

According to Zacks, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas. “

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity decreased their price target on shares of Del Frisco’s Restaurant Group from $16.00 to $14.00 and set a hold rating for the company in a research note on Friday, July 13th. ValuEngine lowered shares of Del Frisco’s Restaurant Group from a sell rating to a strong sell rating in a research note on Tuesday, July 10th. BidaskClub downgraded shares of Del Frisco’s Restaurant Group from a sell rating to a strong sell rating in a report on Friday, July 6th. Finally, Raymond James downgraded shares of Del Frisco’s Restaurant Group from an outperform rating to a market perform rating and set a $16.00 price objective for the company. in a report on Tuesday, May 8th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $15.90.

NASDAQ:DFRG traded up $0.05 on Monday, hitting $9.45. The stock had a trading volume of 333,100 shares, compared to its average volume of 323,039. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 0.66. The firm has a market cap of $294.18 million, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87. Del Frisco’s Restaurant Group has a 1 year low of $7.90 and a 1 year high of $18.85.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, July 27th. The restaurant operator reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.11. Del Frisco’s Restaurant Group had a negative net margin of 4.81% and a positive return on equity of 7.14%. The firm had revenue of $90.04 million during the quarter, compared to analyst estimates of $90.69 million. sell-side analysts forecast that Del Frisco’s Restaurant Group will post 0.34 earnings per share for the current year.

In other news, SVP Thomas G. Dritsas purchased 4,650 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was purchased at an average cost of $8.91 per share, with a total value of $41,431.50. Following the acquisition, the senior vice president now directly owns 771 shares in the company, valued at $6,869.61. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Neil H. Thomson purchased 6,250 shares of the business’s stock in a transaction on Monday, August 6th. The stock was purchased at an average cost of $8.00 per share, with a total value of $50,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 25,175 shares of company stock valued at $206,661. 3.20% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. PEAK6 Investments L.P. bought a new position in Del Frisco’s Restaurant Group in the 2nd quarter valued at $138,000. MetLife Investment Advisors LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the 4th quarter valued at $184,000. Mackay Shields LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the 1st quarter valued at $191,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Del Frisco’s Restaurant Group during the 1st quarter valued at $225,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Del Frisco’s Restaurant Group during the 2nd quarter valued at $227,000. 60.27% of the stock is owned by hedge funds and other institutional investors.

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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