Shares of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.10 and traded as low as $7.91. Del Frisco’s Restaurant Group shares last traded at $7.92, with a volume of 49,688 shares changing hands.

DFRG has been the topic of a number of research reports. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. ValuEngine cut shares of Verso from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of in a report on Friday, June 28th. Finally, BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $9.80.

The firm has a market cap of $264.66 million, a PE ratio of -44.00 and a beta of 0.79. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.21 and a current ratio of 0.43. The firm’s fifty day simple moving average is $7.10.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its earnings results on Tuesday, May 7th. The restaurant operator reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.07. Del Frisco’s Restaurant Group had a negative net margin of 21.62% and a negative return on equity of 1.15%. The firm had revenue of $120.38 million for the quarter, compared to analysts’ expectations of $121.65 million. Equities analysts expect that Del Frisco’s Restaurant Group Inc will post -0.21 earnings per share for the current year.

In related news, major shareholder Armistice Capital Master Fund purchased 25,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $5.96 per share, with a total value of $149,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Armistice Capital, Llc purchased 30,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was bought at an average cost of $6.73 per share, with a total value of $201,900.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 655,000 shares of company stock worth $3,931,850. Company insiders own 2.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in shares of Del Frisco’s Restaurant Group by 398.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,917 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 5,529 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Del Frisco’s Restaurant Group by 257.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,212 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 6,632 shares during the last quarter. Menta Capital LLC purchased a new position in shares of Del Frisco’s Restaurant Group in the 4th quarter worth about $98,000. Citigroup Inc. raised its position in shares of Del Frisco’s Restaurant Group by 101.7% in the 4th quarter. Citigroup Inc. now owns 17,989 shares of the restaurant operator’s stock worth $129,000 after purchasing an additional 9,072 shares during the last quarter. Finally, Ironwood Investment Management LLC raised its position in shares of Del Frisco’s Restaurant Group by 9.8% in the 1st quarter. Ironwood Investment Management LLC now owns 23,664 shares of the restaurant operator’s stock worth $152,000 after purchasing an additional 2,111 shares during the last quarter.

Del Frisco’s Restaurant Group Company Profile (NASDAQ:DFRG)

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.

Further Reading: Outstanding Shares

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