Favorable News Coverage Somewhat Unlikely to Affect Del Frisco’s Restaurant Group (DFRG) Stock Price
Press coverage about Del Frisco’s Restaurant Group (NASDAQ:DFRG) has been trending positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. 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 daily sentiment score of 0.41 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 45.422590888486 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Del Frisco’s Restaurant Group, Inc. (DFRG) Set to Announce Earnings on Thursday (americanbankingnews.com)
- Del Frisco’s Restaurant Group, Inc. (DFRG) Expected to Post Quarterly Sales of $73.12 Million (americanbankingnews.com)
- Del Frisco’s Restaurant Group, Inc. to Announce Third Quarter 2017 Results on October 13, 2017 (finance.yahoo.com)
- Canaccord Genuity Reiterates “Hold” Rating for Del Frisco’s Restaurant Group, Inc. (DFRG) (americanbankingnews.com)
- Del Frisco’s Restaurant Group, Inc. to Announce Third Quarter 2017 Results on October 13, 2017 – GlobeNewswire (press release) (globenewswire.com)
Several analysts have issued reports on DFRG shares. Raymond James Financial, Inc. restated an “outperform” rating and set a $20.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Monday, July 24th. Zacks Investment Research downgraded Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. BidaskClub upgraded Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Canaccord Genuity restated a “hold” rating and set a $16.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Del Frisco’s Restaurant Group presently has an average rating of “Hold” and a consensus price target of $18.10.
Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded up 1.02% during trading on Friday, hitting $14.90. The stock had a trading volume of 112,887 shares. Del Frisco’s Restaurant Group has a 1-year low of $13.01 and a 1-year high of $18.80. The company has a market capitalization of $314.79 million, a price-to-earnings ratio of 25.60 and a beta of 0.78. The firm has a 50 day moving average of $14.19 and a 200 day moving average of $15.93.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings results on Friday, July 21st. The restaurant operator reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The business had revenue of $82.30 million for the quarter, compared to analyst estimates of $81.92 million. Del Frisco’s Restaurant Group had a return on equity of 7.39% and a net margin of 3.73%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. Analysts expect that Del Frisco’s Restaurant Group will post $0.76 EPS for the current fiscal year.
In other Del Frisco’s Restaurant Group news, CFO Neil H. Thomson purchased 4,000 shares of the company’s stock in a transaction dated Sunday, July 30th. The shares were bought at an average price of $14.25 per share, with a total value of $57,000.00. Following the completion of the transaction, the chief financial officer now directly owns 34,224 shares in the company, valued at approximately $487,692. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas G. Dritsas purchased 7,194 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $13.97 per share, for a total transaction of $100,500.18. Following the transaction, the vice president now owns 10,848 shares of the company’s stock, valued at $151,546.56. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 57,394 shares of company stock worth $809,299. 2.40% of the stock is currently owned by insiders.
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.
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