Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) was upgraded by equities researchers at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday. The brokerage presently has a $19.00 target price on the stock, up from their prior target price of $15.00. Credit Suisse Group AG’s price objective points to a potential upside of 10.47% from the company’s previous close.

DFRG has been the subject of a number of other research reports. Zacks Investment Research cut shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. Canaccord Genuity started coverage on Del Frisco’s Restaurant Group in a research note on Monday, August 22nd. They issued a “hold” rating and a $15.00 price target for the company. 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, Stephens downgraded Del Frisco’s Restaurant Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.

Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) opened at 17.20 on Tuesday. Del Frisco’s Restaurant Group has a one year low of $13.01 and a one year high of $17.15. The firm’s 50-day moving average is $14.66 and its 200-day moving average is $14.83. The company has a market cap of $404.66 million, a price-to-earnings ratio of 21.74 and a beta of 0.83.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its earnings results on Friday, October 14th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.01. The business earned $71.40 million during the quarter. Del Frisco’s Restaurant Group had a net margin of 5.36% and a return on equity of 8.15%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share. Analysts expect that Del Frisco’s Restaurant Group will post $0.79 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2016/12/01/del-friscos-restaurant-group-inc-dfrg-stock-rating-upgraded-by-credit-suisse-group-ag.html.

A number of hedge funds and other institutional investors have recently modified their holdings of DFRG. SG Americas Securities LLC acquired a new position in shares of Del Frisco’s Restaurant Group during the third quarter valued at approximately $108,000. Cutler Group LP increased its position in Del Frisco’s Restaurant Group by 81.7% in the second quarter. Cutler Group LP now owns 8,924 shares of the company’s stock valued at $127,000 after buying an additional 4,013 shares in the last quarter. First Trust Advisors LP increased its position in Del Frisco’s Restaurant Group by 4.6% in the third quarter. First Trust Advisors LP now owns 12,694 shares of the company’s stock valued at $171,000 after buying an additional 555 shares in the last quarter. Susquehanna International Group LLP increased its position in Del Frisco’s Restaurant Group by 278.9% in the third quarter. Susquehanna International Group LLP now owns 13,611 shares of the company’s stock valued at $183,000 after buying an additional 21,220 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in Del Frisco’s Restaurant Group by 21.6% in the third quarter. BlackRock Advisors LLC now owns 14,161 shares of the company’s stock valued at $191,000 after buying an additional 2,511 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

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

Receive News & Stock Ratings for Del Frisco's Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group Inc. and related stocks with our FREE daily email newsletter.