Del Frisco’s Restaurant Group Inc. (DFRG) Sees Large Volume Increase
Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) shares saw an uptick in trading volume on Thursday . 317,691 shares traded hands during trading, an increase of 249% from the previous session’s volume of 90,953 shares.The stock last traded at $15.00 and had previously closed at $15.05.
A number of brokerages have commented on DFRG. Stifel Nicolaus cut Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $23.00 to $14.00 in a research note on Tuesday, July 26th. Sterne Agee CRT restated a “buy” rating on shares of Del Frisco’s Restaurant Group in a research note on Monday, May 16th. Zacks Investment Research lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $17.00 target price on shares of Del Frisco’s Restaurant Group in a research report on Friday, June 17th. Finally, TheStreet lowered Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.33.
The firm’s 50 day moving average is $15.16 and its 200 day moving average is $15.55. The stock has a market capitalization of $347.01 million and a PE ratio of 20.93.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The company earned $79.90 million during the quarter, compared to analyst estimates of $80.79 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. On average, equities research analysts anticipate that Del Frisco’s Restaurant Group Inc. will post $0.83 EPS for the current year.
Del Frisco’s Restaurant Group, Inc is engaged in developing, owning and operating restaurants. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). Its operating segments are Del Frisco’s, Sullivan’s and Del Frisco’s Grille.
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