Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) was the target of unusually large options trading activity on Monday. Stock investors purchased 3,021 call options on the company. This is an increase of 2,105% compared to the average daily volume of 137 call options.

In other news, major shareholder Armistice Capital, Llc acquired 7,900 shares of Del Frisco’s Restaurant Group stock in a transaction on Monday, January 7th. The stock was acquired at an average cost of $7.69 per share, with a total value of $60,751.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Armistice Capital Master Fund acquired 253,000 shares of Del Frisco’s Restaurant Group stock in a transaction on Thursday, December 20th. The stock was purchased at an average cost of $6.49 per share, with a total value of $1,641,970.00. The disclosure for this purchase can be found here. Insiders acquired a total of 1,108,733 shares of company stock valued at $7,395,196 over the last ninety days. 3.20% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Del Frisco’s Restaurant Group by 1.0% in the 2nd quarter. BlackRock Inc. now owns 1,438,202 shares of the restaurant operator’s stock worth $18,121,000 after buying an additional 13,854 shares during the period. Renaissance Technologies LLC boosted its holdings in Del Frisco’s Restaurant Group by 43.7% in the 2nd quarter. Renaissance Technologies LLC now owns 264,379 shares of the restaurant operator’s stock worth $3,331,000 after buying an additional 80,398 shares during the period. Millennium Management LLC boosted its holdings in Del Frisco’s Restaurant Group by 82.3% in the 2nd quarter. Millennium Management LLC now owns 245,769 shares of the restaurant operator’s stock worth $3,097,000 after buying an additional 110,942 shares during the period. Schroder Investment Management Group bought a new position in Del Frisco’s Restaurant Group in the 2nd quarter worth approximately $12,661,000. Finally, Essex Investment Management Co. LLC bought a new position in Del Frisco’s Restaurant Group in the 3rd quarter worth approximately $267,000. 91.92% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on DFRG. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Monday, February 4th. ValuEngine downgraded shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Loop Capital began 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 for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.42.

Del Frisco’s Restaurant Group stock opened at $8.47 on Wednesday. Del Frisco’s Restaurant Group has a twelve month low of $5.86 and a twelve month high of $18.85. The company has a market cap of $280.89 million, a PE ratio of 11.29 and a beta of 0.86. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.39.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its 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 negative net margin of 20.49% and a positive return on equity of 6.41%. The company had revenue of $105.30 million for the quarter, compared to the consensus estimate of $116.60 million. On average, equities analysts expect that Del Frisco’s Restaurant Group will post 0.1 EPS for the current fiscal year.

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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, 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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