Media coverage about Del Frisco’s Restaurant Group (NASDAQ:DFRG) has trended positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Del Frisco’s Restaurant Group earned a news impact score of 0.36 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 45.9344366218763 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- DFRG: Insiders Vs. Shorts (thestreet.com)
- Del Frisco’s Restaurant Group, Inc. (DFRG) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Del Frisco’s Restaurant Group Inc : quaterly earnings release (4-traders.com)
- Comparing Del Frisco’s Restaurant Group (DFRG) & Bojangles’ (BOJA) (americanbankingnews.com)
Shares of Del Frisco’s Restaurant Group (NASDAQ DFRG) traded down 2.03% on Thursday, reaching $14.45. 263,598 shares of the company were exchanged. Del Frisco’s Restaurant Group has a 12-month low of $13.21 and a 12-month high of $18.80. The company’s 50 day moving average is $14.23 and its 200 day moving average is $15.85. The firm has a market capitalization of $305.29 million, a PE ratio of 24.83 and a beta of 0.78.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings data on Friday, July 21st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $81.92 million. Del Frisco’s Restaurant Group had a net margin of 3.73% and a return on equity of 7.39%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. Analysts forecast that Del Frisco’s Restaurant Group will post $0.76 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $20.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Monday, July 24th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $16.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Del Frisco’s Restaurant Group presently has an average rating of “Hold” and an average target price of $18.10.
In related news, Director Ian Russell Carter acquired 12,200 shares of Del Frisco’s Restaurant Group stock in a transaction dated Tuesday, July 25th. The shares were purchased at an average price of $14.00 per share, for a total transaction of $170,800.00. Following the completion of the transaction, the director now directly owns 38,339 shares in the company, valued at approximately $536,746. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Norman J. Abdallah acquired 15,000 shares of Del Frisco’s Restaurant Group stock in a transaction dated Tuesday, July 25th. The shares were bought at an average price of $14.11 per share, for a total transaction of $211,650.00. Following the transaction, the chief executive officer now owns 52,712 shares of the company’s stock, valued at $743,766.32. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 57,394 shares of company stock worth $809,299. Company insiders own 2.40% of the company’s stock.
Del Frisco’s Restaurant Group Company Profile
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.
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