Del Frisco’s Restaurant Group (DFRG) Downgraded to “Sell” at Zacks Investment Research

Del Frisco’s Restaurant Group (NASDAQ:DFRG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday, October 15th.

DFRG has been the topic of several other reports. Stephens lowered shares of Del Frisco’s Restaurant Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $15.00 to $10.00 in a report on Wednesday, September 12th. ValuEngine upgraded shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 23rd. Canaccord Genuity lowered their target price on shares of Del Frisco’s Restaurant Group from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, July 13th. Finally, TheStreet downgraded shares of Del Frisco’s Restaurant Group from a “c-” rating to a “d+” rating in a research note on Friday, August 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Del Frisco’s Restaurant Group has a consensus rating of “Hold” and an average price target of $14.30.

Shares of DFRG stock opened at $7.05 on Monday. The company has a market cap of $225.54 million, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 2.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 0.66. Del Frisco’s Restaurant Group has a 52-week low of $6.68 and a 52-week high of $18.85.

In other news, CEO Norman J. Abdallah bought 10,000 shares of the stock in a transaction on Monday, August 6th. The stock was bought at an average cost of $8.00 per share, for a total transaction of $80,000.00. Following the completion of the purchase, the chief executive officer now directly owns 115,882 shares in the company, valued at $927,056. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Neil H. Thomson bought 6,250 shares of the stock in a transaction on Monday, August 6th. The stock was purchased at an average price of $8.00 per share, with a total value of $50,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 56,025 shares of company stock valued at $454,992. 3.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in DFRG. PEAK6 Investments L.P. acquired a new stake in Del Frisco’s Restaurant Group in the second quarter valued at approximately $138,000. Dynamic Technology Lab Private Ltd acquired a new stake in Del Frisco’s Restaurant Group in the first quarter valued at approximately $225,000. Engineers Gate Manager LP acquired a new stake in Del Frisco’s Restaurant Group in the second quarter valued at approximately $227,000. Sei Investments Co. lifted its stake in shares of Del Frisco’s Restaurant Group by 1,343.9% during the second quarter. Sei Investments Co. now owns 18,439 shares of the restaurant operator’s stock worth $232,000 after buying an additional 17,162 shares during the period. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Del Frisco’s Restaurant Group during the second quarter worth $253,000. Institutional investors own 64.10% of the company’s stock.

Del Frisco’s Restaurant Group Company Profile

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, Del Frisco's Grille, Barcelona Wine Bar, and bartaco brand names. The company offers steaks, as well as other menu selections, such as chops, fresh seafood, tapas, street food, and wines and cocktails.

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