Shares of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) reached a new 52-week low on Wednesday . The stock traded as low as $7.75 and last traded at $8.25, with a volume of 10577 shares trading hands. The stock had previously closed at $8.15.

Several analysts have weighed in on the stock. Stephens lowered shares of Del Frisco’s Restaurant Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $15.00 to $10.00 in a research note on Wednesday. TheStreet lowered shares of Del Frisco’s Restaurant Group from a “c-” rating to a “d+” rating in a research note on Friday, August 10th. BidaskClub lowered shares of Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Friday, July 6th. Canaccord Genuity lowered their target price on shares of Del Frisco’s Restaurant Group from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, July 13th. Finally, ValuEngine upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.30.

The firm has a market cap of $283.11 million, a PE ratio of 10.40, a price-to-earnings-growth ratio of 3.38 and a beta of 0.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 0.66.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings results on Friday, July 27th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. Del Frisco’s Restaurant Group had a negative net margin of 4.81% and a positive return on equity of 7.14%. The company had revenue of $90.04 million during the quarter, compared to the consensus estimate of $90.69 million. research analysts anticipate that Del Frisco’s Restaurant Group Inc will post 0.27 earnings per share for the current fiscal year.

In other news, CEO Norman J. Abdallah purchased 10,000 shares of Del Frisco’s Restaurant Group stock in a transaction dated Monday, August 6th. The stock was bought at an average price of $8.00 per share, with a total value of $80,000.00. Following the completion of the acquisition, the chief executive officer now owns 115,882 shares in the company, valued at approximately $927,056. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Neil H. Thomson purchased 6,250 shares of Del Frisco’s Restaurant Group stock in a transaction dated Monday, August 6th. The shares were purchased at an average cost of $8.00 per share, with a total value of $50,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 25,175 shares of company stock valued at $206,661. Corporate insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. PEAK6 Investments L.P. acquired a new stake in Del Frisco’s Restaurant Group in the second quarter worth about $138,000. Mackay Shields LLC acquired a new stake in Del Frisco’s Restaurant Group in the first quarter worth about $191,000. Dynamic Technology Lab Private Ltd acquired a new stake in Del Frisco’s Restaurant Group in the first quarter worth about $225,000. Engineers Gate Manager LP acquired a new stake in Del Frisco’s Restaurant Group in the second quarter worth about $227,000. Finally, Sei Investments Co. lifted its holdings in Del Frisco’s Restaurant Group by 1,343.9% in the second quarter. Sei Investments Co. now owns 18,439 shares of the restaurant operator’s stock worth $232,000 after purchasing an additional 17,162 shares during the period. 63.35% of the stock is owned by institutional investors.

About Del Frisco’s Restaurant Group (NASDAQ:DFRG)

Del Frisco's Restaurant Group, Inc develops, owns, and operates restaurants in the United States. It owns and operates restaurants under the Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse, Del Frisco's Grille, Barcelona Wine Bar, and bartaco brand names. The company offers steaks, as well as other menu selections, such as chops, fresh seafood, tapas, street food, and wines and cocktails.

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