Brokerages Set Del Frisco’s Restaurant Group Inc (DFRG) PT at $11.40

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) has earned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $10.75.

A number of research firms recently weighed in on DFRG. Zacks Investment Research raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a report on Tuesday. BidaskClub lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. began coverage on Del Frisco’s Restaurant Group in a report on Friday, February 15th. They set a “neutral” rating and a $9.00 target price on the stock. Finally, ValuEngine lowered Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Monday, February 4th.

Shares of DFRG stock traded up $0.06 during trading on Friday, reaching $7.09. 526,696 shares of the company’s stock were exchanged, compared to its average volume of 582,632. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $236.51 million, a PE ratio of -39.39 and a beta of 0.78. Del Frisco’s Restaurant Group has a twelve month low of $5.86 and a twelve month high of $17.00.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its earnings results on Tuesday, March 12th. The restaurant operator reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The business had revenue of $123.85 million for the quarter, compared to analyst estimates of $125.63 million. Del Frisco’s Restaurant Group had a positive return on equity of 1.50% and a negative net margin of 18.68%. As a group, sell-side analysts predict that Del Frisco’s Restaurant Group will post -0.21 EPS for the current fiscal year.

In other news, major shareholder Armistice Capital Master Fund purchased 52,000 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $8.19 per share, for a total transaction of $425,880.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Armistice Capital, Llc bought 33,780 shares of the business’s stock in a transaction dated Friday, January 25th. The shares were bought at an average price of $7.94 per share, with a total value of $268,213.20. The disclosure for this purchase can be found here. Insiders purchased a total of 1,447,221 shares of company stock valued at $10,078,308 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Del Frisco’s Restaurant Group by 15.2% during the 3rd quarter. AQR Capital Management LLC now owns 287,169 shares of the restaurant operator’s stock valued at $2,384,000 after acquiring an additional 37,935 shares during the period. Prudential Financial Inc. lifted its position in shares of Del Frisco’s Restaurant Group by 66.9% during the 3rd quarter. Prudential Financial Inc. now owns 273,459 shares of the restaurant operator’s stock valued at $2,269,000 after acquiring an additional 109,638 shares during the period. FMR LLC lifted its position in shares of Del Frisco’s Restaurant Group by 552.6% during the 3rd quarter. FMR LLC now owns 4,744,923 shares of the restaurant operator’s stock valued at $39,382,000 after acquiring an additional 4,017,823 shares during the period. American International Group Inc. lifted its position in shares of Del Frisco’s Restaurant Group by 66.5% during the 3rd quarter. American International Group Inc. now owns 21,952 shares of the restaurant operator’s stock valued at $182,000 after acquiring an additional 8,769 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Del Frisco’s Restaurant Group during the 3rd quarter valued at $130,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.

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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Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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