Del Frisco’s Restaurant Group (DFRG) CFO Neil H. Thomson Acquires 1,660 Shares

Del Frisco’s Restaurant Group (NASDAQ:DFRG) CFO Neil H. Thomson purchased 1,660 shares of the firm’s stock in a transaction on Monday, May 14th. The shares were purchased at an average cost of $14.97 per share, with a total value of $24,850.20. Following the completion of the purchase, the chief financial officer now owns 19,660 shares in the company, valued at approximately $294,310.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of DFRG traded down $0.05 during trading hours on Thursday, hitting $14.95. 1,204 shares of the company were exchanged, compared to its average volume of 266,329. The firm has a market cap of $301.58 million, a PE ratio of 20.00, a P/E/G ratio of 2.02 and a beta of 1.00. The company has a quick ratio of 0.40, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Del Frisco’s Restaurant Group has a one year low of $14.90 and a one year high of $14.90.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings data on Monday, May 7th. The restaurant operator reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). The company had revenue of $89.30 million for the quarter, compared to the consensus estimate of $86.96 million. Del Frisco’s Restaurant Group had a positive return on equity of 6.28% and a negative net margin of 3.92%. equities research analysts anticipate that Del Frisco’s Restaurant Group will post 0.67 EPS for the current fiscal year.

Del Frisco’s Restaurant Group announced that its Board of Directors has approved a stock buyback program on Thursday, March 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. ValuEngine lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Canaccord Genuity reissued a “hold” rating on shares of Del Frisco’s Restaurant Group in a research note on Tuesday, May 8th. Raymond James lowered Del Frisco’s Restaurant Group from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research note on Tuesday, May 8th. Finally, BidaskClub raised Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, April 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.50.

Several institutional investors have recently modified their holdings of DFRG. LSV Asset Management boosted its position in shares of Del Frisco’s Restaurant Group by 115.0% in the fourth quarter. LSV Asset Management now owns 903,201 shares of the restaurant operator’s stock worth $13,773,000 after buying an additional 483,078 shares during the period. Cardinal Capital Management LLC CT boosted its position in shares of Del Frisco’s Restaurant Group by 32.4% in the first quarter. Cardinal Capital Management LLC CT now owns 1,594,938 shares of the restaurant operator’s stock worth $24,323,000 after buying an additional 390,193 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Del Frisco’s Restaurant Group by 10.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,744,814 shares of the restaurant operator’s stock worth $25,387,000 after buying an additional 159,038 shares during the period. Rice Hall James & Associates LLC acquired a new stake in shares of Del Frisco’s Restaurant Group in the fourth quarter worth $2,093,000. Finally, J. Goldman & Co LP acquired a new stake in shares of Del Frisco’s Restaurant Group in the fourth quarter worth $1,906,000. 89.79% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling 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