BidaskClub Upgrades Del Frisco’s Restaurant Group (DFRG) to “Hold”

Del Frisco’s Restaurant Group (NASDAQ:DFRG) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other research analysts have also recently issued reports about the company. Stephens raised Del Frisco’s Restaurant Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $15.10 to $18.00 in a research report on Wednesday, January 10th. Zacks Investment Research raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday, January 12th. Canaccord Genuity reissued a “hold” rating and set a $16.00 price target on shares of Del Frisco’s Restaurant Group in a research report on Friday, March 9th. Deutsche Bank raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and set a $17.50 price target (down from $20.00) on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.50.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ DFRG opened at $16.15 on Friday. Del Frisco’s Restaurant Group has a 52 week low of $11.70 and a 52 week high of $18.85. The company has a quick ratio of 0.37, a current ratio of 0.71 and a debt-to-equity ratio of 0.13. The company has a market cap of $325.48, a P/E ratio of 21.53, a P/E/G ratio of 2.14 and a beta of 1.01.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Del Frisco’s Restaurant Group had a negative net margin of 3.17% and a positive return on equity of 7.21%. The company had revenue of $121.89 million for the quarter, compared to analyst estimates of $123.12 million. During the same period last year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. equities research analysts anticipate that Del Frisco’s Restaurant Group will post 0.68 EPS for the current year.

Del Frisco’s Restaurant Group announced that its board has initiated a share buyback plan on Thursday, March 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other Del Frisco’s Restaurant Group news, CEO Norman J. Abdallah acquired 15,000 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was bought at an average cost of $16.13 per share, with a total value of $241,950.00. Following the completion of the transaction, the chief executive officer now directly owns 67,712 shares in the company, valued at approximately $1,092,194.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DFRG. Janus Henderson Group PLC increased its stake in shares of Del Frisco’s Restaurant Group by 95.2% during the third quarter. Janus Henderson Group PLC now owns 1,645,901 shares of the restaurant operator’s stock worth $23,948,000 after purchasing an additional 802,824 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Del Frisco’s Restaurant Group by 10.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,744,814 shares of the restaurant operator’s stock worth $25,387,000 after purchasing an additional 159,038 shares during the period. Sterling Capital Management LLC increased its stake in shares of Del Frisco’s Restaurant Group by 47.7% during the fourth quarter. Sterling Capital Management LLC now owns 88,765 shares of the restaurant operator’s stock worth $1,354,000 after purchasing an additional 28,675 shares during the period. Algert Global LLC increased its stake in shares of Del Frisco’s Restaurant Group by 16.1% during the third quarter. Algert Global LLC now owns 88,820 shares of the restaurant operator’s stock worth $1,292,000 after purchasing an additional 12,290 shares during the period. Finally, Foundry Partners LLC increased its stake in shares of Del Frisco’s Restaurant Group by 35.5% during the fourth quarter. Foundry Partners LLC now owns 304,935 shares of the restaurant operator’s stock worth $4,650,000 after purchasing an additional 79,950 shares during the period. 86.58% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3339707/bidaskclub-upgrades-del-friscos-restaurant-group-dfrg-to-hold.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, Sullivan's Steakhouse, and Del Frisco's Grille brand names. The company offers steaks, as well as other menu selections, such as chops and fresh seafood.

Analyst Recommendations 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.

Latest News

Roche  – Research Analysts’ Weekly Ratings Updates
Roche – Research Analysts’ Weekly Ratings Updates
Traders Buy High Volume of The J.M. Smucker Call Options
Traders Buy High Volume of The J.M. Smucker Call Options
ExchangeN Hits One Day Trading Volume of $90.00
ExchangeN Hits One Day Trading Volume of $90.00
Debenhams  to Issue Dividend of GBX 0.50
Debenhams to Issue Dividend of GBX 0.50
Jefferies Group Weighs in on CNOOC Ltd’s FY2019 Earnings
Jefferies Group Weighs in on CNOOC Ltd’s FY2019 Earnings
bitGold Reaches Market Cap of $291,068.00
bitGold Reaches Market Cap of $291,068.00


Leave a Reply

© 2006-2018 Ticker Report. Google+.