Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) major shareholder Armistice Capital Master Fund purchased 78,000 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was purchased at an average cost of $6.21 per share, for a total transaction of $484,380.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Armistice Capital Master Fund also recently made the following trade(s):

  • On Wednesday, November 7th, Armistice Capital Master Fund purchased 40,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average cost of $6.24 per share, for a total transaction of $249,600.00.
  • On Wednesday, September 12th, Armistice Capital Master Fund purchased 32,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average cost of $8.08 per share, for a total transaction of $258,560.00.

DFRG opened at $6.40 on Monday. Del Frisco’s Restaurant Group Inc has a fifty-two week low of $5.86 and a fifty-two week high of $18.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.38 and a current ratio of 0.65. The firm has a market cap of $213.26 million, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 3.76 and a beta of 1.14.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Monday, November 12th. The restaurant operator reported ($1.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.84). Del Frisco’s Restaurant Group had a positive return on equity of 6.41% and a negative net margin of 20.49%. The business had revenue of $105.30 million for the quarter, compared to analyst estimates of $116.60 million. On average, sell-side analysts anticipate that Del Frisco’s Restaurant Group Inc will post 0.17 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TIAA CREF Investment Management LLC boosted its stake in Del Frisco’s Restaurant Group by 26.0% during the third quarter. TIAA CREF Investment Management LLC now owns 62,034 shares of the restaurant operator’s stock worth $515,000 after buying an additional 12,783 shares in the last quarter. Teachers Advisors LLC boosted its stake in Del Frisco’s Restaurant Group by 33.3% during the third quarter. Teachers Advisors LLC now owns 51,366 shares of the restaurant operator’s stock worth $426,000 after buying an additional 12,825 shares in the last quarter. AQR Capital Management LLC boosted its stake in Del Frisco’s Restaurant Group by 15.2% during the third quarter. AQR Capital Management LLC now owns 287,169 shares of the restaurant operator’s stock worth $2,384,000 after buying an additional 37,935 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in Del Frisco’s Restaurant Group by 90.0% during the third quarter. MetLife Investment Advisors LLC now owns 22,898 shares of the restaurant operator’s stock worth $190,000 after buying an additional 10,846 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Del Frisco’s Restaurant Group during the third quarter worth $330,000. Hedge funds and other institutional investors own 77.74% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Stephens lowered shares of Del Frisco’s Restaurant Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $15.00 to $10.00 in a research report on Wednesday, September 12th. ValuEngine raised shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Loop Capital assumed coverage on shares of Del Frisco’s Restaurant Group in a research report on Friday, November 2nd. They set a “hold” rating and a $8.00 target price on the stock. BidaskClub raised shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th. Finally, Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.25.

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About Del Frisco’s Restaurant Group

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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