Zacks: Brokerages Anticipate Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) to Post -$0.17 Earnings Per Share

Equities analysts forecast that Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) will report earnings of ($0.17) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Del Frisco’s Restaurant Group’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.20). Del Frisco’s Restaurant Group reported earnings per share of ($0.07) during the same quarter last year, which indicates a negative year over year growth rate of 142.9%. The company is scheduled to announce its next quarterly earnings results on Monday, November 11th.

According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full year earnings of ($0.21) per share for the current year, with EPS estimates ranging from ($0.25) to ($0.18). For the next fiscal year, analysts forecast that the company will post earnings of ($0.18) per share, with EPS estimates ranging from ($0.22) to ($0.13). Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Del Frisco’s Restaurant Group.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). Del Frisco’s Restaurant Group had a negative return on equity of 3.98% and a negative net margin of 20.75%. The company had revenue of $131.69 million during the quarter, compared to the consensus estimate of $132.37 million.

DFRG has been the subject of several research reports. JPMorgan Chase & Co. lowered their target price on Del Frisco’s Restaurant Group from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Friday, June 28th. BidaskClub lowered Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st. ValuEngine upgraded Del Frisco’s Restaurant Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $8.75.

A number of large investors have recently modified their holdings of the stock. UBS Group AG boosted its position in Del Frisco’s Restaurant Group by 111,242.8% during the 2nd quarter. UBS Group AG now owns 845,092 shares of the restaurant operator’s stock valued at $6,727,000 after acquiring an additional 844,333 shares in the last quarter. Walleye Trading Advisors LLC bought a new position in shares of Del Frisco’s Restaurant Group in the 2nd quarter worth $151,000. Glazer Capital LLC bought a new position in shares of Del Frisco’s Restaurant Group in the 2nd quarter worth $1,871,000. Jefferies Group LLC lifted its stake in shares of Del Frisco’s Restaurant Group by 318.0% during the 2nd quarter. Jefferies Group LLC now owns 217,575 shares of the restaurant operator’s stock worth $1,732,000 after purchasing an additional 165,519 shares during the last quarter. Finally, Vivaldi Capital Management LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the 2nd quarter worth $87,000. 96.64% of the stock is owned by institutional investors.

DFRG traded down $0.01 during trading on Friday, hitting $7.98. 9,900 shares of the stock were exchanged, compared to its average volume of 459,879. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.24 and a current ratio of 0.46. The firm has a 50 day simple moving average of $7.97 and a 200 day simple moving average of $7.28. The firm has a market cap of $267.59 million, a price-to-earnings ratio of -44.33 and a beta of 0.71. Del Frisco’s Restaurant Group has a 1 year low of $4.61 and a 1 year high of $9.27.

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, 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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Earnings History and Estimates for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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