Equities analysts predict that Del Frisco’s Restaurant Group (NASDAQ:DFRG) will announce earnings per share of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Del Frisco’s Restaurant Group’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.16. Del Frisco’s Restaurant Group posted earnings per share of $0.20 in the same quarter last year, which indicates a negative year-over-year growth rate of 5%. The business is expected to announce its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.70. For the next financial year, analysts anticipate that the company will post earnings of $0.93 per share, with EPS estimates ranging from $0.82 to $1.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Del Frisco’s Restaurant Group.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Del Frisco’s Restaurant Group had a positive return on equity of 7.21% and a negative net margin of 3.17%. The business had revenue of $121.89 million for the quarter, compared to analysts’ expectations of $123.12 million. During the same period in the prior year, the business posted $0.37 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year.
A number of equities analysts have issued reports on DFRG shares. BidaskClub lowered shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Bank of America raised shares of Del Frisco’s Restaurant Group to a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research cut shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Deutsche Bank raised shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $17.50 price objective (down previously from $20.00) on shares of Del Frisco’s Restaurant Group in a research note 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 stock. Del Frisco’s Restaurant Group has a consensus rating of “Hold” and a consensus price target of $17.50.
In other news, CEO Norman J. Abdallah acquired 15,000 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were acquired at an average price of $16.13 per share, with a total value of $241,950.00. Following the purchase, the chief executive officer now directly owns 67,712 shares of the company’s stock, valued at $1,092,194.56. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. J. Goldman & Co LP acquired a new stake in Del Frisco’s Restaurant Group in the 4th quarter valued at $1,906,000. Sterling Capital Management LLC grew its stake in Del Frisco’s Restaurant Group by 47.7% in the 4th quarter. Sterling Capital Management LLC now owns 88,765 shares of the restaurant operator’s stock valued at $1,354,000 after acquiring an additional 28,675 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Del Frisco’s Restaurant Group in the 4th quarter valued at $184,000. Millennium Management LLC grew its stake in Del Frisco’s Restaurant Group by 60.1% in the 4th quarter. Millennium Management LLC now owns 89,819 shares of the restaurant operator’s stock valued at $1,370,000 after acquiring an additional 33,717 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new stake in Del Frisco’s Restaurant Group in the 4th quarter valued at $561,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.
DFRG opened at $16.10 on Friday. Del Frisco’s Restaurant Group has a 12-month low of $11.70 and a 12-month 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 $322.43, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.01.
Del Frisco’s Restaurant Group announced that its Board of Directors has approved a share repurchase program on Thursday, March 8th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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About Del Frisco’s Restaurant Group
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.
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