Zacks Investment Research lowered shares of Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) from a hold rating to a sell rating in a research note published on Friday morning.

According to Zacks, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas. “

DFRG has been the subject of a number of other reports. Raymond James Financial, Inc. reaffirmed an outperform rating and set a $20.00 price target on shares of Del Frisco's Restaurant Group in a research report on Monday, July 24th. BidaskClub raised shares of Del Frisco's Restaurant Group from a strong sell rating to a sell rating in a research report on Monday, July 31st. Finally, Canaccord Genuity reaffirmed a hold rating and set a $16.00 price target on shares of Del Frisco's Restaurant Group in a research report on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $18.10.

Shares of Del Frisco's Restaurant Group (NASDAQ DFRG) opened at 12.75 on Friday. The firm has a market capitalization of $269.37 million, a PE ratio of 21.91 and a beta of 0.78. Del Frisco's Restaurant Group has a 52 week low of $12.65 and a 52 week high of $18.80. The stock has a 50 day moving average price of $14.20 and a 200 day moving average price of $15.78.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings results on Friday, October 13th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Del Frisco's Restaurant Group had a return on equity of 4.05% and a net margin of 2.54%. The business had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $73.58 million. During the same period last year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts forecast that Del Frisco's Restaurant Group will post $0.76 earnings per share for the current fiscal year.

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In other news, VP Thomas G. Dritsas acquired 7,194 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $13.97 per share, with a total value of $100,500.18. Following the transaction, the vice president now directly owns 10,848 shares in the company, valued at approximately $151,546.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian Russell Carter acquired 12,200 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was purchased at an average cost of $14.00 per share, with a total value of $170,800.00. Following the completion of the transaction, the director now owns 38,339 shares in the company, valued at $536,746. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 57,394 shares of company stock valued at $809,299. 2.70% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Del Frisco's Restaurant Group in the 1st quarter valued at about $126,000. First Quadrant L P CA purchased a new position in Del Frisco's Restaurant Group in the 2nd quarter valued at about $200,000. AXA purchased a new position in Del Frisco's Restaurant Group in the 2nd quarter valued at about $203,000. Cigna Investments Inc. New purchased a new position in Del Frisco's Restaurant Group in the 2nd quarter valued at about $205,000. Finally, Voya Investment Management LLC boosted its position in Del Frisco's Restaurant Group by 12.7% in the 2nd quarter. Voya Investment Management LLC now owns 14,576 shares of the restaurant operator’s stock valued at $235,000 after buying an additional 1,643 shares during the last quarter. 99.22% of the stock is owned by institutional investors.

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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Analyst Recommendations for Del Frisco's Restaurant Group (NASDAQ:DFRG)

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