Del Frisco’s Restaurant Group (DFRG) Lowered to Sell at BidaskClub

Del Frisco’s Restaurant Group (NASDAQ:DFRG) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other analysts have also commented on the stock. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. ValuEngine lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Canaccord Genuity reissued a “hold” rating on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, May 8th. Raymond James lowered shares of Del Frisco’s Restaurant Group from an “outperform” rating to a “market perform” rating and set a $16.00 price objective on the stock. in a research report on Tuesday, May 8th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $17.50 price objective (down previously from $20.00) on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Del Frisco’s Restaurant Group currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Shares of DFRG stock opened at $13.95 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.40 and a current ratio of 0.80. The firm has a market capitalization of $278.14 million, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. Del Frisco’s Restaurant Group has a 12 month low of $11.70 and a 12 month high of $18.85.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings data on Monday, May 7th. The restaurant operator reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.10). The business had revenue of $89.30 million during 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%. analysts anticipate that Del Frisco’s Restaurant Group will post 0.67 earnings per share for the current fiscal year.

Del Frisco’s Restaurant Group announced that its board has initiated a stock buyback 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 repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

In other news, CEO Norman J. Abdallah purchased 16,170 shares of the company’s stock in a transaction on Wednesday, May 9th. The shares were purchased at an average cost of $15.41 per share, with a total value of $249,179.70. Following the completion of the transaction, the chief executive officer now owns 105,882 shares of the company’s stock, valued at approximately $1,631,641.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Norman J. Abdallah purchased 15,000 shares of the company’s stock in a transaction on Monday, March 12th. The shares were purchased at an average cost of $16.13 per share, for a total transaction of $241,950.00. Following the completion of the transaction, the chief executive officer now directly owns 67,712 shares of the company’s stock, valued at approximately $1,092,194.56. The disclosure for this purchase can be found here. Insiders have acquired 44,330 shares of company stock worth $692,350 over the last ninety days. Insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Del Frisco’s Restaurant Group by 437,625.0% during the first quarter. Royal Bank of Canada now owns 385,198 shares of the restaurant operator’s stock worth $5,874,000 after acquiring an additional 385,110 shares in the last quarter. Foundry Partners LLC raised its position in Del Frisco’s Restaurant Group by 4.4% during the first quarter. Foundry Partners LLC now owns 318,485 shares of the restaurant operator’s stock worth $4,857,000 after acquiring an additional 13,550 shares in the last quarter. Millennium Management LLC raised its position in Del Frisco’s Restaurant Group by 50.1% during the first quarter. Millennium Management LLC now owns 134,827 shares of the restaurant operator’s stock worth $2,056,000 after acquiring an additional 45,008 shares in the last quarter. Barclays PLC raised its position in Del Frisco’s Restaurant Group by 361.7% during the first quarter. Barclays PLC now owns 20,774 shares of the restaurant operator’s stock worth $317,000 after acquiring an additional 16,275 shares in the last quarter. Finally, Cardinal Capital Management LLC CT raised its position in Del Frisco’s Restaurant Group by 32.4% during 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 acquiring an additional 390,193 shares in the last quarter. 99.44% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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