Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.

Several other equities research analysts have also recently weighed in on the stock. Raymond James Financial, Inc. reissued an “outperform” rating and set a $20.00 price target on shares of Del Frisco’s Restaurant Group in a research report on Monday, July 24th. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. TheStreet lowered shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $17.50 price target (up from $16.00) on shares of Del Frisco’s Restaurant Group in a research note on Saturday, April 29th. Two equities research 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 target price of $18.75.

Del Frisco’s Restaurant Group (NASDAQ DFRG) traded down 0.178% during midday trading on Friday, reaching $14.025. The company’s stock had a trading volume of 8,156 shares. The firm has a market cap of $296.31 million, a P/E ratio of 24.098 and a beta of 0.80. Del Frisco’s Restaurant Group has a 52 week low of $13.01 and a 52 week high of $18.80. The firm has a 50 day moving average price of $14.66 and a 200-day moving average price of $16.52.

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

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In other Del Frisco’s Restaurant Group news, Director Ian Russell Carter purchased 12,200 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average cost of $14.00 per share, for a total transaction of $170,800.00. Following the purchase, the director now directly owns 38,339 shares in the company, valued at $536,746. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Neil H. Thomson purchased 12,357 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was acquired at an average price of $14.13 per share, with a total value of $174,604.41. Following the completion of the purchase, the chief financial officer now owns 28,581 shares in the company, valued at $403,849.53. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 57,394 shares of company stock valued at $809,299. 2.40% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Del Frisco’s Restaurant Group by 2.0% in the first quarter. FMR LLC now owns 2,338,515 shares of the restaurant operator’s stock worth $42,210,000 after buying an additional 46,065 shares in the last quarter. Macquarie Group Ltd. raised its stake in Del Frisco’s Restaurant Group by 21.8% in the second quarter. Macquarie Group Ltd. now owns 1,666,193 shares of the restaurant operator’s stock worth $26,826,000 after buying an additional 298,294 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Del Frisco’s Restaurant Group by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,585,776 shares of the restaurant operator’s stock worth $25,531,000 after buying an additional 190,194 shares in the last quarter. Wellington Management Group LLP raised its stake in 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 worth $19,279,000 after buying an additional 155,999 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Del Frisco’s Restaurant Group by 4.4% in the second quarter. Vanguard Group Inc. now owns 999,420 shares of the restaurant operator’s stock worth $16,091,000 after buying an additional 41,946 shares in the last quarter.

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.

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

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