Janus Henderson Group PLC Acquires 802,824 Shares of Del Frisco's Restaurant Group Inc (DFRG)

Janus Henderson Group PLC raised its holdings in Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) by 95.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,645,901 shares of the restaurant operator’s stock after acquiring an additional 802,824 shares during the period. Janus Henderson Group PLC owned approximately 7.76% of Del Frisco's Restaurant Group worth $23,948,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC increased 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 buying an additional 4,621 shares during the last quarter. AXA acquired a new stake in shares of Del Frisco's Restaurant Group during the 2nd quarter worth approximately $203,000. Cigna Investments Inc. New acquired a new stake in shares of Del Frisco's Restaurant Group during the 2nd quarter worth approximately $205,000. Voya Investment Management LLC increased its holdings in shares of Del Frisco's Restaurant Group by 12.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,576 shares of the restaurant operator’s stock worth $235,000 after buying an additional 1,643 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Del Frisco's Restaurant Group during the 2nd quarter worth approximately $299,000. Institutional investors own 96.32% of the company’s stock.

Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) traded up $1.05 during trading on Friday, reaching $17.00. 481,088 shares of the company traded hands, compared to its average volume of 250,135. Del Frisco's Restaurant Group Inc has a 12-month low of $11.70 and a 12-month high of $18.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.76 and a quick ratio of 0.33. The firm has a market cap of $360.73, a P/E ratio of 36.96, a PEG ratio of 1.81 and a beta of 0.79.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last posted its earnings results on Friday, October 13th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). Del Frisco's Restaurant Group had a net margin of 3.00% and a return on equity of 6.94%. The company had revenue of $73.30 million during the quarter, compared to analyst estimates of $73.58 million. During the same quarter last year, the business posted $0.04 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. research analysts predict that Del Frisco's Restaurant Group Inc will post 0.74 earnings per share for the current year.

In related news, Director Ian Russell Carter bought 8,900 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was purchased at an average price of $12.70 per share, for a total transaction of $113,030.00. Following the acquisition, the director now owns 47,239 shares of the company’s stock, valued at $599,935.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 11,000 shares of company stock valued at $139,796 in the last quarter. 2.40% of the stock is owned by insiders.

A number of brokerages have recently issued reports on DFRG. Zacks Investment Research upgraded shares of 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 report on Friday. Stephens upgraded shares of Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $15.10 to $18.00 in a report on Wednesday. Credit Suisse Group cut their price target on shares of Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Raymond James Financial set a $16.00 price target on shares of Del Frisco's Restaurant Group and gave the stock a “hold” rating in a report on Monday, October 16th. Finally, Canaccord Genuity restated a “hold” rating and set a $16.00 price target on shares of Del Frisco's Restaurant Group in a report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.67.

TRADEMARK VIOLATION WARNING: “Janus Henderson Group PLC Acquires 802,824 Shares of Del Frisco's Restaurant Group Inc (DFRG)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/01/13/janus-henderson-group-plc-raises-holdings-in-del-friscos-restaurant-group-inc-dfrg.html.

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.

Institutional Ownership by Quarter 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.

Leave a Reply