Bank of America Corp DE raised its stake in shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 22.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 71,825 shares of the restaurant operator’s stock after buying an additional 13,244 shares during the period. Bank of America Corp DE owned 0.33% of Del Frisco’s Restaurant Group worth $1,296,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DFRG. State Street Corp boosted its position in shares of Del Frisco’s Restaurant Group by 7.0% in the fourth quarter. State Street Corp now owns 404,989 shares of the restaurant operator’s stock valued at $6,887,000 after buying an additional 26,397 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Del Frisco’s Restaurant Group by 17.1% in the first quarter. Wellington Management Group LLP now owns 1,068,102 shares of the restaurant operator’s stock valued at $19,279,000 after buying an additional 155,999 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Del Frisco’s Restaurant Group by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 119,807 shares of the restaurant operator’s stock valued at $2,163,000 after buying an additional 3,800 shares during the last quarter. Algert Global LLC purchased a new position in shares of Del Frisco’s Restaurant Group during the first quarter valued at about $745,000. Finally, Renaissance Technologies LLC boosted its position in shares of Del Frisco’s Restaurant Group by 54.1% in the fourth quarter. Renaissance Technologies LLC now owns 35,125 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 12,325 shares during the last quarter.

Del Frisco’s Restaurant Group, Inc. (NASDAQ DFRG) traded down 0.68% on Friday, hitting $14.50. The stock had a trading volume of 29,986 shares. The company’s 50 day moving average is $14.88 and its 200-day moving average is $16.63. Del Frisco’s Restaurant Group, Inc. has a 12 month low of $13.01 and a 12 month high of $18.80. The stock has a market cap of $306.34 million, a P/E ratio of 24.91 and a beta of 0.80.

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

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DFRG has been the topic of several research reports. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $20.00 target price on shares of Del Frisco’s Restaurant Group in a research report on Monday, July 24th. Deutsche Bank AG reissued a “hold” rating and issued a $17.50 target price (up from $16.00) on shares of Del Frisco’s Restaurant Group in a research report on Saturday, April 29th. TheStreet cut Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research report on Wednesday, June 7th. Finally, BidaskClub raised Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.75.

In related news, VP Thomas G. Dritsas bought 7,194 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $13.97 per share, for a total transaction of $100,500.18. Following the completion of the purchase, the vice president now directly owns 10,848 shares of the company’s stock, valued at $151,546.56. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Norman J. Abdallah bought 15,000 shares of the stock in a transaction dated Tuesday, July 25th. The stock was bought at an average price of $14.11 per share, for a total transaction of $211,650.00. Following the purchase, the chief executive officer now directly owns 52,712 shares of the company’s stock, valued at $743,766.32. The disclosure for this purchase can be found here. Insiders bought 57,394 shares of company stock worth $809,299 in the last 90 days. Company insiders own 2.40% of the company’s stock.

Del Frisco’s Restaurant Group Company Profile

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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