Trading Report: The Del Frisco’s Restaurant Group Inc. (DFRG) Releases Earnings Results, Misses Expectations By $0.01 EPS

The Del Frisco’s Restaurant Group Inc. (DFRG) Releases  Earnings Results, Misses Expectations By $0.01 EPS

Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) issued its quarterly earnings results on Friday. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. The company earned $71.40 million during the quarter, compared to analyst estimates of $73.15 million. Del Frisco’s Restaurant Group had a return on equity of 8.33% and a net margin of 4.87%.

Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) opened at 13.08 on Friday. Del Frisco’s Restaurant Group has a 12 month low of $12.94 and a 12 month high of $17.15. The stock has a market cap of $305.44 million, a P/E ratio of 18.42 and a beta of 0.89. The company has a 50 day moving average of $14.18 and a 200 day moving average of $15.11.

Several analysts recently commented on the stock. Wm Smith assumed coverage on shares of Del Frisco’s Restaurant Group in a research note on Wednesday, October 5th. They set a “not rated” rating and a $19.00 target price for the company. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Canaccord Genuity reissued a “hold” rating and set a $15.00 target price on shares of Del Frisco’s Restaurant Group in a research note on Friday, September 23rd. Stifel Nicolaus lowered shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating and cut their target price for the company from $23.00 to $14.00 in a research note on Tuesday, July 26th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $17.00 target price on shares of Del Frisco’s Restaurant Group in a research note on Friday, June 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.50.

A number of large investors have recently bought and sold shares of DFRG. A.R.T. Advisors LLC boosted its stake in Del Frisco’s Restaurant Group by 0.6% in the second quarter. A.R.T. Advisors LLC now owns 31,937 shares of the company’s stock valued at $457,000 after buying an additional 177 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Del Frisco’s Restaurant Group by 5.4% in the second quarter. Alliancebernstein L.P. now owns 19,600 shares of the company’s stock valued at $281,000 after buying an additional 1,000 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in Del Frisco’s Restaurant Group by 0.9% in the second quarter. Loomis Sayles & Co. L P now owns 306,964 shares of the company’s stock valued at $4,396,000 after buying an additional 2,605 shares during the last quarter. Teachers Advisors Inc. boosted its stake in Del Frisco’s Restaurant Group by 11.4% in the second quarter. Teachers Advisors Inc. now owns 37,747 shares of the company’s stock valued at $541,000 after buying an additional 3,878 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in Del Frisco’s Restaurant Group by 6.5% in the second quarter. BlackRock Investment Management LLC now owns 101,459 shares of the company’s stock valued at $1,453,000 after buying an additional 6,187 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Del Frisco’s Restaurant Group Company Profile

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