Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) updated its FY16 earnings guidance on Friday. The company provided EPS guidance of $0.79-0.81 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.83.

A number of brokerages recently commented on DFRG. Stifel Nicolaus downgraded Del Frisco’s Restaurant Group from a buy rating to a hold rating and lowered their price objective for the stock from $23.00 to $14.00 in a research note on Tuesday, July 26th. Zacks Investment Research downgraded Del Frisco’s Restaurant Group from a hold rating to a sell rating in a research note on Monday, July 18th. Credit Suisse Group AG restated a hold rating and set a $17.00 price objective on shares of Del Frisco’s Restaurant Group in a research note on Friday, June 17th. Wm Smith started coverage on Del Frisco’s Restaurant Group in a research note on Wednesday, October 5th. They issued a not rated rating and a $19.00 price target for the company. Finally, Canaccord Genuity reissued a hold rating and issued a $15.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Del Frisco’s Restaurant Group presently has a consensus rating of Hold and an average target price of $16.50.

Shares of Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) opened at 13.08 on Friday. The stock has a 50 day moving average price of $14.18 and a 200 day moving average price of $15.11. Del Frisco’s Restaurant Group Inc. has a one year low of $12.94 and a one year high of $17.15. The firm has a market cap of $305.44 million, a price-to-earnings ratio of 18.42 and a beta of 0.89.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Friday, October 14th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. The firm earned $71.40 million during the quarter, compared to the consensus estimate of $72.69 million. Del Frisco’s Restaurant Group had a net margin of 4.87% and a return on equity of 8.33%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share. On average, equities research analysts forecast that Del Frisco’s Restaurant Group Inc. will post $0.83 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Group LTD increased its stake in Del Frisco’s Restaurant Group by 171.7% in the second quarter. BlackRock Group LTD now owns 17,435 shares of the company’s stock worth $250,000 after buying an additional 11,019 shares in the last quarter. Alliancebernstein L.P. increased its stake in Del Frisco’s Restaurant Group by 5.4% in the second quarter. Alliancebernstein L.P. now owns 19,600 shares of the company’s stock worth $281,000 after buying an additional 1,000 shares in the last quarter. Analytic Investors LLC bought a new stake in Del Frisco’s Restaurant Group during the second quarter worth about $358,000. A.R.T. Advisors LLC increased its stake in Del Frisco’s Restaurant Group by 0.6% in the second quarter. A.R.T. Advisors LLC now owns 31,937 shares of the company’s stock worth $457,000 after buying an additional 177 shares in the last quarter. Finally, Teachers Advisors Inc. increased its stake in Del Frisco’s Restaurant Group by 11.4% in the second quarter. Teachers Advisors Inc. now owns 37,747 shares of the company’s stock worth $541,000 after buying an additional 3,878 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Del Frisco’s Restaurant Group Company Profile

Del Frisco’s Restaurant Group, Inc is engaged in developing, owning and operating restaurants. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). Its operating segments are Del Frisco’s, Sullivan’s and Del Frisco’s Grille.

5 Day Chart for NASDAQ:DFRG

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