Highbridge Capital Management LLC bought a new stake in shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,449 shares of the restaurant operator’s stock, valued at approximately $297,000. Highbridge Capital Management LLC owned about 0.08% of Del Frisco’s Restaurant Group at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ClariVest Asset Management LLC increased its position in Del Frisco’s Restaurant Group by 21.6% in the first quarter. ClariVest Asset Management LLC now owns 6,047 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 1,073 shares in the last quarter. SG Americas Securities LLC purchased a new position in Del Frisco’s Restaurant Group during the first quarter valued at approximately $126,000. American International Group Inc. increased its position in Del Frisco’s Restaurant Group by 7.1% in the first quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock valued at $263,000 after buying an additional 970 shares in the last quarter. Nationwide Fund Advisors increased its position in Del Frisco’s Restaurant Group by 0.8% in the first quarter. Nationwide Fund Advisors now owns 19,177 shares of the restaurant operator’s stock valued at $346,000 after buying an additional 152 shares in the last quarter. Finally, Menta Capital LLC increased its position in Del Frisco’s Restaurant Group by 22.4% in the first quarter. Menta Capital LLC now owns 30,573 shares of the restaurant operator’s stock valued at $552,000 after buying an additional 5,600 shares in the last quarter. Hedge funds and other institutional investors own 99.73% of the company’s stock.

Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ DFRG) traded up 2.50% during midday trading on Friday, reaching $14.35. The company’s stock had a trading volume of 236,042 shares. The stock has a 50-day moving average price of $15.53 and a 200-day moving average price of $16.88. Del Frisco’s Restaurant Group, Inc. has a 52-week low of $13.01 and a 52-week high of $18.80. The stock has a market cap of $303.17 million, a price-to-earnings ratio of 24.66 and a beta of 0.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $82.30 million for the quarter, compared to analysts’ expectations of $81.92 million. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. Equities research analysts anticipate that Del Frisco’s Restaurant Group, Inc. will post $0.76 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on the company. BidaskClub raised Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Monday. TheStreet cut Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Deutsche Bank AG reissued a “hold” rating and issued a $17.50 price target (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research note on Saturday, April 29th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $19.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.75.

In related news, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $17.74, for a total value of $50,150.98. Following the transaction, the chief financial officer now directly owns 44,536 shares of the company’s stock, valued at approximately $790,068.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Neil H. Thomson acquired 4,000 shares of the stock in a transaction that occurred on Sunday, July 30th. The stock was acquired at an average cost of $14.25 per share, for a total transaction of $57,000.00. Following the completion of the transaction, the chief financial officer now directly owns 34,224 shares in the company, valued at approximately $487,692. The disclosure for this purchase can be found here. Insiders purchased a total of 57,394 shares of company stock worth $809,299 in the last 90 days. 2.40% of the stock is currently owned by company insiders.

About Del Frisco’s Restaurant Group

Del Frisco’s Restaurant Group, Inc develops, owns and operates three contemporary, complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). As of December 27, 2016, the Company operated 53 restaurants in 24 states and the District of Columbia in the United States.

Institutional Ownership by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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