Prudential Financial Inc. raised its position in Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 97.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,360 shares of the restaurant operator’s stock after buying an additional 74,240 shares during the period. Prudential Financial Inc. owned 0.71% of Del Frisco’s Restaurant Group worth $2,188,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Macquarie Group Ltd. raised its stake in shares of Del Frisco’s Restaurant Group by 21.8% in the second quarter. Macquarie Group Ltd. now owns 1,666,193 shares of the restaurant operator’s stock worth $26,826,000 after acquiring an additional 298,294 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Del Frisco’s Restaurant Group by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,585,776 shares of the restaurant operator’s stock worth $25,531,000 after acquiring an additional 190,194 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Del Frisco’s Restaurant Group by 4.4% in the second quarter. Vanguard Group Inc. now owns 999,420 shares of the restaurant operator’s stock worth $16,091,000 after acquiring an additional 41,946 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Del Frisco’s Restaurant Group by 11.5% in the third quarter. Wedge Capital Management L L P NC now owns 924,850 shares of the restaurant operator’s stock worth $13,457,000 after acquiring an additional 95,729 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Del Frisco’s Restaurant Group in the second quarter worth about $13,574,000. Hedge funds and other institutional investors own 96.32% of the company’s stock.

DFRG has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $16.00 target price on shares of Del Frisco’s Restaurant Group in a research note on Sunday, October 1st. Raymond James Financial set a $16.00 target price on shares of Del Frisco’s Restaurant Group and gave the stock a “hold” rating in a research note on Monday, October 16th. Finally, Credit Suisse Group dropped their price target on shares of Del Frisco’s Restaurant Group from $16.50 to $14.50 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given 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 $16.00.

Shares of Del Frisco’s Restaurant Group, Inc. (DFRG) opened at $14.90 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.33 and a current ratio of 0.76. The firm has a market cap of $321.47, a P/E ratio of 21.38, a P/E/G ratio of 1.83 and a beta of 0.79. Del Frisco’s Restaurant Group, Inc. has a 12 month low of $11.70 and a 12 month high of $18.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Friday, October 13th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The business had revenue of $73.30 million for the quarter, compared to the consensus estimate of $73.58 million. Del Frisco’s Restaurant Group had a return on equity of 6.94% and a net margin of 3.00%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. analysts predict that Del Frisco’s Restaurant Group, Inc. will post 0.73 EPS for the current year.

In other news, Director Ian Russell Carter acquired 8,900 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was purchased at an average price of $12.70 per share, for a total transaction of $113,030.00. Following the completion of the acquisition, the director now owns 47,239 shares in the company, valued at $599,935.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have purchased 11,000 shares of company stock valued at $139,796. Corporate insiders own 2.70% of the company’s stock.

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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.

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

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