Del Frisco’s Restaurant Group Inc. (DFRG) Sees Large Volume Increase
Shares of Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) saw unusually-strong trading volume on Thursday . Approximately 317,691 shares traded hands during mid-day 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 equities research analysts have issued reports on DFRG shares. TheStreet lowered shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. 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 note on Friday, June 17th. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Del Frisco’s Restaurant Group in a research note on Monday, May 16th. Finally, Canaccord Genuity started coverage on shares of Del Frisco’s Restaurant Group in a research note on Monday, August 22nd. They set a “hold” rating and a $15.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.33.
The firm has a market cap of $350.28 million and a price-to-earnings ratio of 21.13. The company has a 50 day moving average of $15.15 and a 200-day moving average of $15.55.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $79.90 million for the quarter, compared to analysts’ expectations of $80.79 million. Del Frisco’s Restaurant Group’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. On average, equities research analysts expect that Del Frisco’s Restaurant Group Inc. will post $0.83 EPS for the current fiscal 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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