Del Frisco’s Restaurant Group (DFRG) Earns Hold Rating from Analysts at Loop Capital

Loop Capital started coverage on shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) in a research report released on Friday, Marketbeat Ratings reports. The firm issued a hold rating and a $8.00 price target on the restaurant operator’s stock.

A number of other equities research analysts have also recently commented on DFRG. BidaskClub cut shares of Del Frisco’s Restaurant Group from a sell rating to a strong sell rating in a report on Friday, July 6th. ValuEngine cut shares of Del Frisco’s Restaurant Group from a sell rating to a strong sell rating in a report on Tuesday, July 10th. Zacks Investment Research upgraded shares of Del Frisco’s Restaurant Group from a hold rating to a buy rating and set a $14.00 price target for the company in a report on Tuesday, July 10th. Canaccord Genuity reduced their price target on shares of Del Frisco’s Restaurant Group from $16.00 to $14.00 and set a hold rating for the company in a report on Friday, July 13th. Finally, TheStreet cut shares of Del Frisco’s Restaurant Group from a c- rating to a d+ rating in a report on Friday, August 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Del Frisco’s Restaurant Group has an average rating of Hold and a consensus price target of $13.25.

DFRG opened at $6.27 on Friday. Del Frisco’s Restaurant Group has a twelve month low of $5.86 and a twelve month high of $18.85. The company has a quick ratio of 0.32, a current ratio of 0.66 and a debt-to-equity ratio of 0.22. The firm has a market cap of $221.42 million, a PE ratio of 8.36, a PEG ratio of 2.92 and a beta of 1.14.

In related news, major shareholder Armistice Capital Master Fund purchased 32,000 shares of Del Frisco’s Restaurant Group stock in a transaction on Wednesday, September 12th. The stock was acquired at an average cost of $8.08 per share, for a total transaction of $258,560.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Del Frisco’s Restaurant Group by 1.0% in the second quarter. BlackRock Inc. now owns 1,438,202 shares of the restaurant operator’s stock valued at $18,121,000 after buying an additional 13,854 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Del Frisco’s Restaurant Group in the second quarter valued at $12,661,000. Garnet Equity Capital Holdings Inc. lifted its stake in shares of Del Frisco’s Restaurant Group by 100.0% in the third quarter. Garnet Equity Capital Holdings Inc. now owns 400,000 shares of the restaurant operator’s stock valued at $3,320,000 after buying an additional 200,000 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Del Frisco’s Restaurant Group by 437,625.0% in the first quarter. Royal Bank of Canada now owns 385,198 shares of the restaurant operator’s stock valued at $5,874,000 after buying an additional 385,110 shares in the last quarter. Finally, Penn Capital Management Co. Inc. lifted its stake in shares of Del Frisco’s Restaurant Group by 44.3% in the second quarter. Penn Capital Management Co. Inc. now owns 272,362 shares of the restaurant operator’s stock valued at $3,432,000 after buying an additional 83,622 shares in the last quarter. 63.18% 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, 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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Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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