Zacks: Brokerages Expect Del Frisco's Restaurant Group Inc (DFRG) to Post $0.43 EPS

Wall Street analysts expect Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) to report earnings per share of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Del Frisco's Restaurant Group’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.41. Del Frisco's Restaurant Group reported earnings of $0.37 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 16.2%. The business is expected to announce its next earnings results on Friday, February 23rd.

On average, analysts expect that Del Frisco's Restaurant Group will report full-year earnings of $0.74 per share for the current year, with EPS estimates ranging from $0.72 to $0.76. For the next financial year, analysts expect that the business will report earnings of $0.80 per share, with EPS estimates ranging from $0.76 to $0.84. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Del Frisco's Restaurant Group.

Several equities analysts have recently commented on the company. Stephens raised Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and upped their target price 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 target price on the stock in a research report on Friday, January 12th. Credit Suisse Group decreased their target price on Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 18th. BidaskClub raised Del Frisco's Restaurant Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Finally, Raymond James Financial set a $16.00 target price on Del Frisco's Restaurant Group and gave the company a “hold” rating in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.67.

Del Frisco's Restaurant Group (NASDAQ DFRG) opened at $17.60 on Monday. Del Frisco's Restaurant Group 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 company has a market capitalization of $373.46, a P/E ratio of 39.11, a PEG ratio of 2.00 and a beta of 0.92.

Several hedge funds have recently modified their holdings of DFRG. Voya Investment Management LLC boosted its stake in shares of 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 valued at $235,000 after buying an additional 1,643 shares during the period. Nationwide Fund Advisors boosted its stake in shares of 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 valued at $538,000 after buying an additional 14,254 shares during the period. AHL Partners LLP boosted its stake in shares of Del Frisco's Restaurant Group by 384.3% in the second quarter. AHL Partners LLP now owns 54,794 shares of the restaurant operator’s stock valued at $882,000 after buying an additional 43,480 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Del Frisco's Restaurant Group in the second quarter valued at approximately $1,051,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Del Frisco's Restaurant Group by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 79,916 shares of the restaurant operator’s stock valued at $1,163,000 after buying an additional 4,021 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/02/05/zacks-brokerages-expect-del-friscos-restaurant-group-inc-dfrg-to-post-0-43-eps.html.

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.

Get a free copy of the Zacks research report on Del Frisco's Restaurant Group (DFRG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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