Algert Global LLC raised its stake in Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 85.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 76,530 shares of the restaurant operator’s stock after buying an additional 35,270 shares during the period. Algert Global LLC’s holdings in Del Frisco’s Restaurant Group were worth $1,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ClariVest Asset Management LLC boosted its position in Del Frisco’s Restaurant Group by 21.6% in the first quarter. ClariVest Asset Management LLC now owns 6,047 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 1,073 shares during the period. SG Americas Securities LLC acquired a new position in Del Frisco’s Restaurant Group during the first quarter valued at approximately $126,000. First Quadrant L P CA acquired a new position in Del Frisco’s Restaurant Group during the second quarter valued at approximately $200,000. American International Group Inc. boosted its position in Del Frisco’s Restaurant Group by 7.1% in the first quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock valued at $263,000 after buying an additional 970 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in Del Frisco’s Restaurant Group during the first quarter valued at approximately $297,000.

Shares of Del Frisco’s Restaurant Group, Inc. (DFRG) opened at 13.95 on Thursday. Del Frisco’s Restaurant Group, Inc. has a one year low of $13.01 and a one year high of $18.80. The company has a 50-day moving average price of $15.18 and a 200 day moving average price of $16.75. The company has a market capitalization of $294.72 million, a price-to-earnings ratio of 23.97 and a beta of 0.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Del Frisco’s Restaurant Group had a net margin of 3.73% and a return on equity of 7.39%. The company had revenue of $82.30 million during the quarter, compared to the consensus estimate of $81.92 million. During the same quarter in the previous year, the business posted $0.19 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that Del Frisco’s Restaurant Group, Inc. will post $0.76 EPS for the current fiscal year.

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Several research analysts recently commented on DFRG shares. TheStreet cut Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th. Canaccord Genuity reiterated a “hold” rating and issued a $19.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Tuesday, April 25th. Deutsche Bank AG reiterated a “hold” rating and issued a $17.50 price target (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a research note on Saturday, April 29th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $20.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Monday, July 24th. Finally, BidaskClub raised Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.75.

In related news, VP Thomas G. Dritsas bought 7,194 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $13.97 per share, for a total transaction of $100,500.18. Following the completion of the purchase, the vice president now owns 10,848 shares in the company, valued at $151,546.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $17.74, for a total transaction of $50,150.98. Following the completion of the sale, the chief financial officer now owns 44,536 shares of the company’s stock, valued at approximately $790,068.64. The disclosure for this sale can be found here. In the last quarter, insiders purchased 57,394 shares of company stock valued at $809,299. 2.40% of the stock is owned by corporate insiders.

About Del Frisco’s Restaurant Group

Del Frisco’s Restaurant Group, Inc 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 (the Grille). As of December 27, 2016, the Company operated 53 restaurants in 24 states and the District of Columbia in the United States.

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Institutional Ownership by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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