Marshall Wace North America L.P. reduced its stake in Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 29.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,168 shares of the restaurant operator’s stock after selling 21,421 shares during the quarter. Marshall Wace North America L.P. owned approximately 0.25% of Del Frisco’s Restaurant Group worth $835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DFRG. Dimensional Fund Advisors LP raised its position in Del Frisco’s Restaurant Group by 15.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,395,582 shares of the restaurant operator’s stock valued at $25,190,000 after buying an additional 190,478 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Del Frisco’s Restaurant Group by 17.1% during the 1st quarter. Wellington Management Group LLP now owns 1,068,102 shares of the restaurant operator’s stock valued at $19,279,000 after purchasing an additional 155,999 shares during the last quarter. Kempen Capital Management N.V. increased its position in shares of Del Frisco’s Restaurant Group by 189.1% during the 1st quarter. Kempen Capital Management N.V. now owns 204,214 shares of the restaurant operator’s stock valued at $3,686,000 after purchasing an additional 133,576 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Del Frisco’s Restaurant Group during the 1st quarter valued at $1,325,000. Finally, Spark Investment Management LLC increased its position in shares of Del Frisco’s Restaurant Group by 92.4% during the 2nd quarter. Spark Investment Management LLC now owns 139,500 shares of the restaurant operator’s stock valued at $2,245,000 after purchasing an additional 67,000 shares during the last quarter. 99.22% of the stock is owned by institutional investors and hedge funds.

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In other news, CEO Norman J. Abdallah acquired 15,000 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 52,712 shares in the company, valued at $743,766.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neil H. Thomson acquired 4,000 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Sunday, July 30th. The shares were purchased at an average price of $14.25 per share, with a total value of $57,000.00. Following the transaction, the chief financial officer now owns 34,224 shares of the company’s stock, valued at approximately $487,692. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 57,394 shares of company stock valued at $809,299. 2.70% of the stock is owned by company insiders.

Several brokerages have recently issued reports on DFRG. BidaskClub lowered Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 19th. TheStreet lowered Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research report on Wednesday, June 7th. Finally, Raymond James Financial, Inc. reaffirmed 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Del Frisco’s Restaurant Group currently has a consensus rating of “Hold” and a consensus target price of $18.75.

Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ DFRG) opened at 13.35 on Monday. The stock has a market capitalization of $282.05 million, a price-to-earnings ratio of 22.94 and a beta of 0.78. Del Frisco’s Restaurant Group, Inc. has a 12 month low of $13.01 and a 12 month high of $18.80. The stock’s 50 day moving average price is $14.18 and its 200 day moving average price is $16.31.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings results 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. The business had revenue of $82.30 million for the quarter, compared to the consensus estimate of $81.92 million. Del Frisco’s Restaurant Group had a net margin of 3.73% and a return on equity of 7.39%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. Analysts expect that Del Frisco’s Restaurant Group, Inc. will post $0.76 EPS for the current year.

Del Frisco’s Restaurant Group 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.

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

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