Stephens downgraded shares of Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) from an overweight rating to an equal weight rating in a research report report published on Wednesday morning.

DFRG has been the subject of several other research 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 target price 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 target price for the company. Finally, Stifel Nicolaus lowered Del Frisco’s Restaurant Group from a buy rating to a hold rating and dropped their target price for the company from $23.00 to $14.00 in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $16.71.

Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded down 0.63% on Wednesday, hitting $15.65. The stock had a trading volume of 67,317 shares. Del Frisco’s Restaurant Group has a 52-week low of $12.94 and a 52-week high of $17.15. The company has a 50-day moving average of $14.08 and a 200-day moving average of $14.83. The company has a market cap of $368.21 billion, a P/E ratio of 17.39 and a beta of 0.83.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings results on Friday, October 14th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company earned $71.40 million during the quarter. Del Frisco’s Restaurant Group had a return on equity of 8.15% and a net margin of 5.36%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. On average, equities analysts anticipate that Del Frisco’s Restaurant Group will post $0.80 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in DFRG. GSA Capital Partners LLP raised its stake in Del Frisco’s Restaurant Group by 1.9% in the second quarter. GSA Capital Partners LLP now owns 53,083 shares of the company’s stock valued at $760,000 after buying an additional 997 shares during the last quarter. Stephens Inc. AR raised its stake in Del Frisco’s Restaurant Group by 107.6% in the second quarter. Stephens Inc. AR now owns 71,496 shares of the company’s stock valued at $1,024,000 after buying an additional 37,050 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Del Frisco’s Restaurant Group by 45.6% in the second quarter. UBS Asset Management Americas Inc. now owns 618,123 shares of the company’s stock valued at $8,851,000 after buying an additional 193,514 shares during the last quarter. Stoneridge Investment Partners LLC raised its stake in Del Frisco’s Restaurant Group by 2.6% in the second quarter. Stoneridge Investment Partners LLC now owns 21,270 shares of the company’s stock valued at $305,000 after buying an additional 537 shares during the last quarter. Finally, West Coast Financial LLC raised its stake in Del Frisco’s Restaurant Group by 2.7% in the second quarter. West Coast Financial LLC now owns 104,956 shares of the company’s stock valued at $1,503,000 after buying an additional 2,727 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

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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