Del Frisco’s Restaurant Group (DFRG) Stock Rating Lowered by BidaskClub

Del Frisco’s Restaurant Group (NASDAQ:DFRG) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

DFRG has been the subject of a number of other reports. ValuEngine lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Canaccord Genuity reaffirmed a “hold” rating on shares of Del Frisco’s Restaurant Group in a research note on Tuesday, May 8th. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Credit Suisse Group reissued an “outperform” rating and set a $17.50 price target (down from $20.00) on shares of Del Frisco’s Restaurant Group in a research report on Tuesday, March 13th. Finally, 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 target for the company. in a research report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.50.

NASDAQ:DFRG opened at $12.35 on Friday. Del Frisco’s Restaurant Group has a 1-year low of $11.70 and a 1-year high of $18.85. The stock has a market capitalization of $253.76 million, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02. 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 (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 Zacks’ consensus estimate of $0.20 by ($0.10). Del Frisco’s Restaurant Group had a positive return on equity of 6.28% and a negative net margin of 3.92%. The business had revenue of $89.30 million during the quarter, compared to analysts’ expectations of $86.96 million. analysts predict that Del Frisco’s Restaurant Group will post 0.68 earnings per share for the current fiscal year.

Del Frisco’s Restaurant Group declared that its Board of Directors has approved a stock buyback plan on Thursday, March 8th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

In related news, CEO Norman J. Abdallah acquired 16,170 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The stock was purchased at an average cost of $15.41 per share, with a total value of $249,179.70. Following the transaction, the chief executive officer now directly owns 105,882 shares of the company’s stock, valued at approximately $1,631,641.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian Russell Carter acquired 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The stock was bought at an average cost of $15.48 per share, with a total value of $100,620.00. Following the completion of the transaction, the director now directly owns 65,507 shares in the company, valued at $1,014,048.36. The disclosure for this purchase can be found here. Insiders purchased a total of 29,330 shares of company stock valued at $450,400 over the last ninety days. 3.20% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new position in Del Frisco’s Restaurant Group in the 4th quarter worth approximately $184,000. Mackay Shields LLC acquired a new position in Del Frisco’s Restaurant Group in the 1st quarter worth approximately $191,000. Dynamic Technology Lab Private Ltd acquired a new position in Del Frisco’s Restaurant Group in the 1st quarter worth approximately $225,000. Barclays PLC increased its holdings in Del Frisco’s Restaurant Group by 361.7% in the 1st quarter. Barclays PLC now owns 20,774 shares of the restaurant operator’s stock worth $317,000 after buying an additional 16,275 shares during the period. Finally, Brown Advisory Inc. increased its holdings in Del Frisco’s Restaurant Group by 109.9% in the 1st quarter. Brown Advisory Inc. now owns 32,087 shares of the restaurant operator’s stock worth $490,000 after buying an additional 16,801 shares during the period. 99.50% of the stock is 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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