Del Frisco's Restaurant Group (DFRG) Lifted to Overweight at Stephens

Del Frisco's Restaurant Group (NASDAQ:DFRG) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday. The brokerage currently has a $18.00 price objective on the restaurant operator’s stock, up from their prior price objective of $15.10. Stephens’ price objective indicates a potential upside of 19.21% from the company’s previous close.

DFRG has been the topic of a number of other reports. Zacks Investment Research raised Del Frisco's Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Raymond James Financial set a $16.00 price target on Del Frisco's Restaurant Group and gave the stock a “hold” rating in a report on Monday, October 16th. Credit Suisse Group lowered their price target on Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a report on Wednesday, October 18th. Finally, Canaccord Genuity reaffirmed 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 given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.40.

Del Frisco's Restaurant Group (DFRG) traded up $0.10 during midday trading on Wednesday, reaching $15.10. The company had a trading volume of 834,700 shares, compared to its average volume of 339,550. The company has a current ratio of 0.76, a quick ratio of 0.33 and a debt-to-equity ratio of 0.19. Del Frisco's Restaurant Group has a one year low of $11.70 and a one year high of $18.80. The stock has a market cap of $323.59, a PE ratio of 32.83, a PEG ratio of 1.75 and a beta of 0.79.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Friday, October 13th. The restaurant operator reported ($0.03) EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $73.58 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. sell-side analysts predict that Del Frisco's Restaurant Group will post 0.73 earnings per share for the current fiscal year.

In other news, Director Ian Russell Carter acquired 8,900 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The shares were acquired at an average cost of $12.70 per share, with a total value of $113,030.00. Following the acquisition, the director now directly owns 47,239 shares of the company’s stock, valued at $599,935.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought a total of 11,000 shares of company stock worth $139,796 over the last ninety days. Insiders own 2.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of DFRG. Rhumbline Advisers raised its holdings in shares of Del Frisco's Restaurant Group by 1.9% during the 2nd quarter. Rhumbline Advisers now owns 26,097 shares of the restaurant operator’s stock worth $420,000 after acquiring an additional 485 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Del Frisco's Restaurant Group by 66.4% during the 2nd quarter. SG Americas Securities LLC now owns 11,580 shares of the restaurant operator’s stock worth $186,000 after acquiring an additional 4,621 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Del Frisco's Restaurant Group by 30.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,804 shares of the restaurant operator’s stock worth $2,509,000 after acquiring an additional 35,997 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Del Frisco's Restaurant Group during the 2nd quarter worth approximately $1,226,000. Finally, AXA purchased a new stake in Del Frisco's Restaurant Group during the 2nd quarter valued at $203,000. 96.32% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Del Frisco's Restaurant Group (NASDAQ:DFRG)

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