Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Director Ian Russell Carter acquired 8,900 shares of the stock in a transaction on Tuesday, October 17th. The shares were bought at an average cost of $12.70 per share, for a total transaction of $113,030.00. Following the purchase, the director now directly owns 47,239 shares of the company’s stock, valued at approximately $599,935.30. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ian Russell Carter also recently made the following trade(s):

  • On Tuesday, July 25th, Ian Russell Carter acquired 12,200 shares of Del Frisco’s Restaurant Group stock. The shares were bought at an average cost of $14.00 per share, for a total transaction of $170,800.00.

Shares of Del Frisco’s Restaurant Group, Inc. (DFRG) opened at 13.05 on Thursday. The stock has a market cap of $275.71 million, a P/E ratio of 22.42 and a beta of 0.78. Del Frisco’s Restaurant Group, Inc. has a 52-week low of $12.65 and a 52-week high of $18.80. The firm has a 50-day moving average price of $14.09 and a 200-day moving average price of $15.68.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, October 13th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Del Frisco’s Restaurant Group had a return on equity of 6.94% and a net margin of 3.00%. The business had revenue of $73.30 million for the quarter, compared to analyst estimates of $73.58 million. During the same quarter last year, the business earned $0.04 EPS. Del Frisco’s Restaurant Group’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Del Frisco’s Restaurant Group, Inc. will post $0.74 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of DFRG. Nationwide Fund Advisors boosted its holdings in shares of Del Frisco’s Restaurant Group by 0.8% during the first quarter. Nationwide Fund Advisors now owns 19,177 shares of the restaurant operator’s stock worth $346,000 after purchasing an additional 152 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Del Frisco’s Restaurant Group by 42.5% during the first quarter. Wells Fargo & Company MN now owns 96,863 shares of the restaurant operator’s stock worth $1,748,000 after purchasing an additional 28,882 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Del Frisco’s Restaurant Group by 3.3% during 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 purchasing an additional 3,800 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Del Frisco’s Restaurant Group during the first quarter worth $126,000. Finally, American International Group Inc. boosted its holdings in shares of Del Frisco’s Restaurant Group by 7.1% during the first quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock worth $263,000 after purchasing an additional 970 shares during the last quarter. Institutional investors and hedge funds own 99.22% of the company’s stock.

A number of equities analysts have weighed in on the company. Credit Suisse Group lowered their price objective on Del Frisco’s Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a research note on Wednesday. Raymond James Financial, Inc. set a $16.00 price objective on Del Frisco’s Restaurant Group and gave the stock a “hold” rating in a research note on Monday. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Canaccord Genuity reissued a “hold” rating and set a $16.00 price objective on shares of Del Frisco’s Restaurant Group in a research note on Sunday, October 1st. Finally, BidaskClub downgraded Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.00.

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.

Insider Buying and Selling by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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