Positive News Coverage Somewhat Unlikely to Affect Del Frisco’s Restaurant Group (DFRG) Share Price
News stories about Del Frisco’s Restaurant Group (NASDAQ:DFRG) have trended positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Del Frisco’s Restaurant Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 45.9960457512606 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Del Frisco’s Restaurant Group (DFRG) and The Habit Restaurants (HABT) Head to Head Analysis (americanbankingnews.com)
- The ONE Group Hospitality’s Shift To A Licensing Strategy: But First, Dinner (seekingalpha.com)
- Del Frisco’s Restaurant Group Supports Hurricane Harvey Relief Efforts with $805000 Donation – GlobeNewswire (press release) (globenewswire.com)
- Del Frisco’s Restaurant Group, Inc. (DFRG) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Del Frisco’s Restaurant Group (DFRG) traded down 1.41% during mid-day trading on Monday, hitting $14.00. The company had a trading volume of 124,831 shares. The stock has a 50 day moving average price of $14.12 and a 200-day moving average price of $16.19. The stock has a market capitalization of $295.78 million, a PE ratio of 24.05 and a beta of 0.78. Del Frisco’s Restaurant Group has a 1-year low of $13.01 and a 1-year 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 for the quarter, missing the Zacks’ consensus estimate 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 firm 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 earned $0.19 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts forecast that Del Frisco’s Restaurant Group will post $0.76 earnings per share for the current year.
A number of brokerages have recently issued reports on DFRG. BidaskClub cut Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Del Frisco’s Restaurant Group in a research note on Monday, July 24th. 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. Finally, TheStreet cut Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th. Two 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. Del Frisco’s Restaurant Group presently has a consensus rating of “Hold” and a consensus target price of $18.75.
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In related news, CEO Norman J. Abdallah bought 15,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were acquired at an average cost 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 purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas G. Dritsas bought 7,194 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was bought 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 in the company, valued at $151,546.56. The disclosure for this purchase can be found here. Insiders purchased a total of 57,394 shares of company stock worth $809,299 over the last three months. 2.70% of the stock is currently owned by corporate 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.
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