Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $18.90.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. TheStreet lowered shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research report on Wednesday, June 7th. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Deutsche Bank AG reiterated a “hold” rating and set 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. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a $20.00 target price on shares of Del Frisco’s Restaurant Group in a research report on Monday, July 24th.

In other news, CFO Neil H. Thomson bought 4,000 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Sunday, July 30th. The stock was bought at an average cost of $14.25 per share, with a total value of $57,000.00. Following the acquisition, the chief financial officer now owns 34,224 shares of the company’s stock, valued at approximately $487,692. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian Russell Carter bought 12,200 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average cost of $14.00 per share, with a total value of $170,800.00. Following the completion of the acquisition, the director now directly owns 38,339 shares in the company, valued at approximately $536,746. The disclosure for this purchase can be found here. Insiders have acquired a total of 57,394 shares of company stock worth $809,299 in the last 90 days. Company insiders own 2.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DFRG. Highbridge Capital Management LLC bought a new stake in shares of Del Frisco’s Restaurant Group during the first quarter worth about $297,000. Wellington Management Group LLP raised its stake 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 worth $19,279,000 after buying an additional 155,999 shares during the period. Bank of New York Mellon Corp raised its stake 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 worth $2,163,000 after buying an additional 3,800 shares during the period. Bank of Montreal Can bought a new stake in shares of Del Frisco’s Restaurant Group during the second quarter worth about $982,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Del Frisco’s Restaurant Group by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,395,582 shares of the restaurant operator’s stock worth $25,190,000 after buying an additional 190,478 shares during the period.

Del Frisco’s Restaurant Group (DFRG) traded up 0.71% during trading on Tuesday, hitting $14.15. 93,585 shares of the stock were exchanged. The stock has a 50 day moving average price of $14.62 and a 200-day moving average price of $16.51. The firm has a market capitalization of $298.95 million, a PE ratio of 24.31 and a beta of 0.80. Del Frisco’s Restaurant Group has a 12-month low of $13.01 and a 12-month high of $18.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, July 21st. The restaurant operator reported $0.15 earnings per share (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 for the quarter, compared to analysts’ expectations of $81.92 million. During the same quarter last year, the business posted $0.19 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Del Frisco’s Restaurant Group will post $0.76 earnings per share for the current fiscal year.

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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.

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

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