BidaskClub Upgrades Del Frisco's Restaurant Group (DFRG) to Buy

Del Frisco's Restaurant Group (NASDAQ:DFRG) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, January 23rd.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Del Frisco's Restaurant Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Friday, January 12th. Canaccord Genuity reaffirmed a “hold” rating and set a $16.00 price objective on shares of Del Frisco's Restaurant Group in a report on Sunday, October 1st. Raymond James Financial set a $16.00 price objective on Del Frisco's Restaurant Group and gave the stock a “hold” rating in a report on Monday, October 16th. Credit Suisse Group decreased 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 report on Wednesday, October 18th. Finally, Stephens raised Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $15.10 to $18.00 in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.00.

Shares of Del Frisco's Restaurant Group (NASDAQ DFRG) traded up $0.05 on Tuesday, hitting $17.55. The stock had a trading volume of 375,942 shares, compared to its average volume of 292,576. The stock has a market cap of $369.21, a PE ratio of 39.00, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. Del Frisco's Restaurant Group has a twelve month low of $11.70 and a twelve month high of $18.80. The company has a quick ratio of 0.33, a current ratio of 0.76 and a debt-to-equity ratio of 0.19.

A number of large investors have recently added to or reduced their stakes in the stock. Stone Ridge Asset Management LLC purchased a new stake in Del Frisco's Restaurant Group during the 4th quarter valued at $561,000. Deutsche Bank AG raised its holdings in Del Frisco's Restaurant Group by 134.8% during the 4th quarter. Deutsche Bank AG now owns 59,477 shares of the restaurant operator’s stock valued at $905,000 after buying an additional 34,149 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Del Frisco's Restaurant Group during the 4th quarter valued at $543,000. Penn Capital Management Co. Inc. raised its holdings in Del Frisco's Restaurant Group by 3.9% during the 4th quarter. Penn Capital Management Co. Inc. now owns 285,537 shares of the restaurant operator’s stock valued at $4,354,000 after buying an additional 10,694 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Del Frisco's Restaurant Group by 16.8% during the 4th quarter. Wells Fargo & Company MN now owns 101,798 shares of the restaurant operator’s stock valued at $1,552,000 after buying an additional 14,627 shares during the period. Institutional investors own 99.49% of the company’s stock.

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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.

Analyst Recommendations for Del Frisco's Restaurant Group (NASDAQ:DFRG)

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