Del Frisco’s Restaurant Group Inc. (DFRG) Sees Unusually-High Trading Volume
Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) shares saw unusually-strong trading volume on Monday . Approximately 134,912 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 138,898 shares.The stock last traded at $14.58 and had previously closed at $14.56.
A number of analysts recently weighed in on DFRG shares. Zacks Investment Research downgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Monday. TheStreet downgraded shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Sterne Agee CRT reiterated a “buy” rating on shares of Del Frisco’s Restaurant Group in a research report on Monday, May 16th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $17.00 price target on shares of Del Frisco’s Restaurant Group in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.08.
The company has a 50 day moving average of $15.04 and a 200 day moving average of $15.56. The company has a market cap of $348.08 million and a PE ratio of 21.80.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its earnings results on Tuesday, April 26th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The business had revenue of $81.20 million for the quarter, compared to analyst estimates of $80.32 million. During the same period in the previous year, the firm posted $0.23 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that Del Frisco’s Restaurant Group Inc. will post $0.85 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Del Frisco’s Restaurant Group stock. Hodges Capital Management Inc. raised its stake in Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Hodges Capital Management Inc. owned about 0.49% of Del Frisco’s Restaurant Group worth $1,842,000 as of its most recent SEC filing.
Del Frisco’s Restaurant Group Inc is a holding company. The Company develops owns and operates three contemporary complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s) Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille or the Grille. The Company’s segments include Del Frisco’s, Sullivan’s and Grille.
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