Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) issued its quarterly earnings data on Friday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Del Frisco’s Restaurant Group had a net margin of 4.87% and a return on equity of 8.33%. The business earned $71.40 million during the quarter, compared to analyst estimates of $73.15 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Del Frisco’s Restaurant Group’s revenue for the quarter was up 4.1% compared to the same quarter last year. Del Frisco’s Restaurant Group updated its FY16 guidance to $0.79-0.81 EPS.

Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) opened at 13.58 on Monday. Del Frisco’s Restaurant Group has a 12-month low of $12.94 and a 12-month high of $17.15. The stock has a 50 day moving average price of $14.14 and a 200 day moving average price of $15.09. The firm has a market cap of $317.12 million, a P/E ratio of 19.13 and a beta of 0.89.

Earnings History for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

DFRG has been the subject of several research analyst reports. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. Canaccord Genuity began coverage on Del Frisco’s Restaurant Group in a research report on Monday, August 22nd. They set a “hold” rating and a $15.00 price target for the company. Wm Smith began coverage on Del Frisco’s Restaurant Group in a research report on Wednesday, October 5th. They set a “not rated” rating and a $19.00 price target for the company. Finally, Stifel Nicolaus downgraded Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $23.00 to $14.00 in a research report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.50.

Large investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. increased its stake in shares of Del Frisco’s Restaurant Group by 86.6% in the first quarter. Landscape Capital Management L.L.C. now owns 50,861 shares of the company’s stock worth $843,000 after buying an additional 23,606 shares during the last quarter. Kempen Capital Management N.V. increased its stake in shares of Del Frisco’s Restaurant Group by 62.6% in the first quarter. Kempen Capital Management N.V. now owns 35,242 shares of the company’s stock worth $584,000 after buying an additional 13,568 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Del Frisco’s Restaurant Group during the first quarter worth $1,205,000. A.R.T. Advisors LLC acquired a new stake in shares of Del Frisco’s Restaurant Group during the first quarter worth $526,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Del Frisco’s Restaurant Group by 4.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 18,168 shares of the company’s stock worth $301,000 after buying an additional 776 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

About Del Frisco’s Restaurant Group

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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