Del Frisco’s Restaurant Group (DFRG) Hits New 52-Week Low at $5.20

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) shares hit a new 52-week low on Tuesday . The stock traded as low as $5.20 and last traded at $5.19, with a volume of 453460 shares trading hands. The stock had previously closed at $5.47.

Several brokerages recently weighed in on DFRG. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research note on Tuesday, April 16th. BidaskClub downgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. began coverage on shares of Del Frisco’s Restaurant Group in a research note on Friday, February 15th. They issued a “neutral” rating and a $9.00 target price for the company. Finally, ValuEngine downgraded shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.70.

The company has a current ratio of 0.43, a quick ratio of 0.40 and a debt-to-equity ratio of 2.58. The company has a market cap of $190.83 million, a P/E ratio of -29.22 and a beta of 0.80.



Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Tuesday, May 7th. The restaurant operator reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.07. Del Frisco’s Restaurant Group had a negative net margin of 21.62% and a negative return on equity of 1.15%. The company had revenue of $120.38 million during the quarter, compared to the consensus estimate of $121.65 million. On average, research analysts predict that Del Frisco’s Restaurant Group Inc will post -0.24 earnings per share for the current year.

In related news, major shareholder Armistice Capital, Llc acquired 110,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $6.18 per share, with a total value of $679,800.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Armistice Capital Master Fund acquired 571,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $7.26 per share, with a total value of $4,145,460.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,886,000 shares of company stock valued at $12,751,210. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eidelman Virant Capital purchased a new stake in shares of Del Frisco’s Restaurant Group during the 1st quarter worth about $224,000. The Manufacturers Life Insurance Company grew its holdings in shares of Del Frisco’s Restaurant Group by 9.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 24,154 shares of the restaurant operator’s stock worth $155,000 after purchasing an additional 2,152 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Del Frisco’s Restaurant Group during the 1st quarter worth about $307,000. Dimensional Fund Advisors LP grew its holdings in shares of Del Frisco’s Restaurant Group by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,896,621 shares of the restaurant operator’s stock worth $12,157,000 after purchasing an additional 259,547 shares during the period. Finally, Advisor Group Inc. purchased a new stake in shares of Del Frisco’s Restaurant Group during the 1st quarter worth about $257,000. 97.31% of the stock is owned by institutional investors.

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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, 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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