Del Frisco's Restaurant Group (DFRG) Upgraded to Buy at Zacks Investment Research

Del Frisco's Restaurant Group (NASDAQ:DFRG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday, January 12th. The brokerage currently has a $18.00 price objective on the restaurant operator’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 2.27% from the company’s current price.

According to Zacks, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas. “

DFRG has been the topic of a number of other reports. Raymond James Financial set a $16.00 price objective on Del Frisco's Restaurant Group and gave the stock a “hold” rating in a research note on Monday, October 16th. Credit Suisse Group cut their price objective on Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Stephens raised Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $15.10 to $18.00 in a research note on Wednesday, January 10th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $16.00 target price on shares of Del Frisco's Restaurant Group in a report on Sunday, October 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Del Frisco's Restaurant Group currently has an average rating of “Buy” and a consensus price target of $16.67.

Del Frisco's Restaurant Group (NASDAQ DFRG) opened at $17.60 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.76 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $373.45, a P/E ratio of 25.51, a P/E/G ratio of 2.00 and a beta of 0.92. Del Frisco's Restaurant Group has a 12 month low of $11.70 and a 12 month high of $18.80.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC increased its holdings in Del Frisco's Restaurant Group by 66.4% in the second quarter. SG Americas Securities LLC now owns 11,580 shares of the restaurant operator’s stock worth $186,000 after purchasing an additional 4,621 shares in the last quarter. AXA bought a new stake in Del Frisco's Restaurant Group in the second quarter worth approximately $203,000. Voya Investment Management LLC increased its holdings in Del Frisco's Restaurant Group by 12.7% in the second quarter. Voya Investment Management LLC now owns 14,576 shares of the restaurant operator’s stock worth $235,000 after purchasing an additional 1,643 shares in the last quarter. Rhumbline Advisers increased its holdings in Del Frisco's Restaurant Group by 1.9% in the second quarter. Rhumbline Advisers now owns 26,097 shares of the restaurant operator’s stock worth $420,000 after purchasing an additional 485 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in Del Frisco's Restaurant Group by 74.3% in the second quarter. Nationwide Fund Advisors now owns 33,431 shares of the restaurant operator’s stock worth $538,000 after purchasing an additional 14,254 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

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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.

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