Del Frisco’s Restaurant Group (DFRG) Trading Up 16.5%

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG)’s share price was up 16.5% during trading on Thursday . The company traded as high as $8.22 and last traded at $7.90. Approximately 1,994,462 shares changed hands during mid-day trading, an increase of 458% from the average daily volume of 357,453 shares. The stock had previously closed at $6.78.

A number of equities analysts have commented on DFRG shares. TheStreet cut shares of Del Frisco’s Restaurant Group from a “c-” rating to a “d+” rating in a research note on Friday, August 10th. Stephens cut shares of Del Frisco’s Restaurant Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $15.00 to $10.00 in a research note on Wednesday, September 12th. ValuEngine upgraded shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, Loop Capital assumed coverage on shares of Del Frisco’s Restaurant Group in a report on Friday, November 2nd. They issued a “hold” rating and a $8.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.25.

The firm has a market capitalization of $225.92 million, a price-to-earnings ratio of 10.53, a P/E/G ratio of 3.99 and a beta of 1.07. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.38 and a current ratio of 0.65.



Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings data on Monday, November 12th. The restaurant operator reported ($1.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.84). The business had revenue of $105.30 million during the quarter, compared to the consensus estimate of $116.60 million. Del Frisco’s Restaurant Group had a positive return on equity of 6.41% and a negative net margin of 20.49%. As a group, equities analysts forecast that Del Frisco’s Restaurant Group Inc will post 0.17 EPS for the current year.

In other news, major shareholder Armistice Capital Master Fund purchased 78,000 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was bought at an average cost of $6.21 per share, for a total transaction of $484,380.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Armistice Capital, Llc purchased 24,000 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were purchased at an average price of $6.15 per share, with a total value of $147,600.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 258,000 shares of company stock valued at $1,715,800. Company insiders own 3.20% of the company’s stock.

A number of large investors have recently bought and sold shares of DFRG. Jane Street Group LLC bought a new stake in Del Frisco’s Restaurant Group during the 3rd quarter valued at $125,000. Virtu Financial LLC bought a new stake in Del Frisco’s Restaurant Group during the 3rd quarter valued at $130,000. PEAK6 Investments L.P. bought a new stake in Del Frisco’s Restaurant Group during the 2nd quarter valued at $138,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Del Frisco’s Restaurant Group during the 3rd quarter valued at $155,000. Finally, American International Group Inc. raised its holdings in 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 buying an additional 8,769 shares during the last quarter. Institutional investors own 94.58% of the company’s stock.

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Del Frisco’s Restaurant Group Company Profile (NASDAQ:DFRG)

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, 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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