Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) major shareholder Armistice Capital Master Fund bought 319,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were acquired at an average cost of $6.52 per share, for a total transaction of $2,079,880.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Armistice Capital Master Fund also recently made the following trade(s):

  • On Friday, March 15th, Armistice Capital Master Fund bought 571,000 shares of Del Frisco’s Restaurant Group stock. The shares were acquired at an average cost of $7.26 per share, for a total transaction of $4,145,460.00.
  • On Wednesday, March 6th, Armistice Capital Master Fund bought 52,000 shares of Del Frisco’s Restaurant Group stock. The shares were acquired at an average cost of $8.19 per share, for a total transaction of $425,880.00.
  • On Thursday, December 20th, Armistice Capital Master Fund bought 253,000 shares of Del Frisco’s Restaurant Group stock. The shares were acquired at an average cost of $6.49 per share, for a total transaction of $1,641,970.00.

Shares of Del Frisco’s Restaurant Group stock traded down $0.06 during trading on Thursday, hitting $6.42. 11,509 shares of the stock were exchanged, compared to its average volume of 734,272. The firm has a market capitalization of $219.84 million, a P/E ratio of -35.75 and a beta of 0.82. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 0.65. Del Frisco’s Restaurant Group Inc has a 12 month low of $5.86 and a 12 month high of $17.00.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings results on Tuesday, March 12th. The restaurant operator reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. The business had revenue of $123.85 million during the quarter, compared to analyst estimates of $125.63 million. Del Frisco’s Restaurant Group had a negative net margin of 18.68% and a positive return on equity of 1.50%. As a group, sell-side analysts forecast that Del Frisco’s Restaurant Group Inc will post -0.24 earnings per share for the current year.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Del Frisco’s Restaurant Group in a report on Friday, February 15th. They set a “neutral” rating and a $9.00 target price on the stock. ValuEngine cut shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Monday, February 4th. Finally, BidaskClub cut shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.00.

Several institutional investors have recently added to or reduced their stakes in DFRG. FMR LLC grew its position in shares of Del Frisco’s Restaurant Group by 552.6% during the third quarter. FMR LLC now owns 4,744,923 shares of the restaurant operator’s stock worth $39,382,000 after acquiring an additional 4,017,823 shares during the last quarter. Engaged Capital LLC bought a new position in shares of Del Frisco’s Restaurant Group during the fourth quarter worth about $23,795,000. BlackRock Inc. grew its position in shares of Del Frisco’s Restaurant Group by 51.3% during the third quarter. BlackRock Inc. now owns 2,176,124 shares of the restaurant operator’s stock worth $18,063,000 after acquiring an additional 737,922 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Del Frisco’s Restaurant Group by 55.0% during the third quarter. Schroder Investment Management Group now owns 1,512,846 shares of the restaurant operator’s stock worth $12,557,000 after acquiring an additional 537,034 shares during the last quarter. Finally, Vanguard Group Inc grew its position in Del Frisco’s Restaurant Group by 49.8% in the 3rd quarter. Vanguard Group Inc now owns 1,484,945 shares of the restaurant operator’s stock valued at $12,325,000 after buying an additional 493,456 shares in the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2019/03/21/del-friscos-restaurant-group-inc-dfrg-major-shareholder-armistice-capital-master-fund-acquires-319000-shares-of-stock.html.

Del Frisco’s Restaurant Group Company Profile

Del Frisco's Restaurant Group, Inc develops, owns, and operates restaurants in the United States. It owns and operates restaurants under the Del Frisco's Double Eagle Steak House, Del Frisco's Grille, Barcelona Wine Bar, and bartaco brand names. The company offers steaks, as well as other menu selections, such as chops, fresh seafood, tapas, street food, and wines and cocktails.

Read More: Fundamental Analysis and Choosing Stocks

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

Receive News & Ratings for Del Frisco's Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.