Headlines about Del Frisco's Restaurant Group (NASDAQ:DFRG) have trended positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Del Frisco's Restaurant Group earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 46.2602003444492 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Del Frisco's Restaurant Group Inc (DFRG) Short Interest Down 34.9% in February (americanbankingnews.com)
- Insider Buying: Del Frisco's Restaurant Group Inc (DFRG) CEO Purchases 15,000 Shares of Stock (americanbankingnews.com)
- Zacks Investment Research Downgrades Del Frisco's Restaurant Group (DFRG) to Hold (americanbankingnews.com)
- Zacks: Brokerages Expect Del Frisco's Restaurant Group Inc (DFRG) Will Announce Quarterly Sales of $87.94 Million (americanbankingnews.com)
- $0.21 EPS Expected for Del Frisco's Restaurant Group Inc (DFRG) This Quarter (americanbankingnews.com)
Del Frisco's Restaurant Group (DFRG) opened at $15.55 on Wednesday. The company has a market cap of $336.32, a PE ratio of -26.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.33 and a current ratio of 0.76. Del Frisco's Restaurant Group has a one year low of $11.70 and a one year high of $18.85.
Del Frisco's Restaurant Group declared that its Board of Directors has approved a share repurchase program on Thursday, March 8th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Several research firms recently weighed in on DFRG. BidaskClub cut shares of Del Frisco's Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group reduced their target price on shares of Del Frisco's Restaurant Group from $20.00 to $17.50 and set an “outperform” rating for the company in a research note on Tuesday. Canaccord Genuity reiterated a “hold” rating and issued a $16.00 target price on shares of Del Frisco's Restaurant Group in a research note on Friday, March 9th. Stephens upgraded shares of Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $15.10 to $18.00 in a research note on Wednesday, January 10th. Finally, Zacks Investment Research cut shares of Del Frisco's Restaurant Group from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.50.
In other Del Frisco's Restaurant Group news, CEO Norman J. Abdallah purchased 15,000 shares of the business’s stock in a transaction on Monday, March 12th. The stock was purchased at an average price of $16.13 per share, for a total transaction of $241,950.00. Following the completion of the purchase, the chief executive officer now directly owns 67,712 shares in the company, valued at $1,092,194.56. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.
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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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