ValuEngine upgraded shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) from a sell rating to a hold rating in a research report report published on Tuesday morning.

A number of other equities research analysts have also recently weighed in on the company. Loop Capital assumed coverage on Del Frisco’s Restaurant Group in a report on Friday, November 2nd. They issued a hold rating and a $8.00 price target on the stock. BidaskClub upgraded Del Frisco’s Restaurant Group from a strong sell rating to a sell rating in a report on Tuesday, September 18th. Stephens cut 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 report on Wednesday, September 12th. TheStreet cut Del Frisco’s Restaurant Group from a c- rating to a d+ rating in a report on Friday, August 10th. Finally, Zacks Investment Research cut Del Frisco’s Restaurant Group from a hold rating to a sell rating in a report on Monday, August 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $13.25.

DFRG opened at $6.54 on Tuesday. The company has a market capitalization of $225.59 million, a P/E ratio of 8.72, a PEG ratio of 3.98 and a beta of 1.14. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.38 and a current ratio of 0.65. Del Frisco’s Restaurant Group has a 1-year low of $5.86 and a 1-year high of $18.85.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings results on Monday, November 12th. The restaurant operator reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.84). The firm had revenue of $105.30 million during the quarter, compared to analyst estimates of $116.60 million. Del Frisco’s Restaurant Group had a positive return on equity of 6.41% and a negative net margin of 20.49%. As a group, equities research analysts forecast that Del Frisco’s Restaurant Group will post 0.17 earnings per share for the current fiscal year.

In other Del Frisco’s Restaurant Group news, major shareholder Armistice Capital, Llc acquired 24,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were acquired at an average price of $6.15 per share, for a total transaction of $147,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Armistice Capital Master Fund acquired 32,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were acquired at an average price of $8.08 per share, for a total transaction of $258,560.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 174,000 shares of company stock worth $1,140,140. 3.20% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of DFRG. FMR LLC boosted its holdings in shares of Del Frisco’s Restaurant Group by 552.6% during the third quarter. FMR LLC now owns 4,744,923 shares of the restaurant operator’s stock worth $39,382,000 after purchasing an additional 4,017,823 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Del Frisco’s Restaurant Group during the second quarter worth $12,661,000. BlackRock Inc. boosted its holdings in shares of Del Frisco’s Restaurant Group by 51.3% during the third quarter. BlackRock Inc. now owns 2,176,124 shares of the restaurant operator’s stock worth $18,063,000 after purchasing an additional 737,922 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Del Frisco’s Restaurant Group by 3,382.0% during the third quarter. JPMorgan Chase & Co. now owns 334,202 shares of the restaurant operator’s stock worth $2,774,000 after purchasing an additional 324,604 shares during the last quarter. Finally, Garnet Equity Capital Holdings Inc. boosted its holdings in shares of Del Frisco’s Restaurant Group by 100.0% during the third quarter. Garnet Equity Capital Holdings Inc. now owns 400,000 shares of the restaurant operator’s stock worth $3,320,000 after purchasing an additional 200,000 shares during the last quarter. Institutional investors and hedge funds own 77.74% of the company’s stock.

Del Frisco’s Restaurant Group Company Profile

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.

Further Reading: Fiduciary

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

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