Del Frisco’s Restaurant Group Inc. (DFRG) Shares Down 1.5%

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Shares of Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) traded down 1.5% during mid-day trading on Monday . The stock traded as low as $14.38 and last traded at $14.56, with a volume of 84,598 shares trading hands. The stock had previously closed at $14.78.
Several analysts recently issued reports on the stock. Stifel Nicolaus downgraded shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $23.00 to $14.00 in a research report on Tuesday, July 26th. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Sterne Agee CRT reissued a “buy” rating on shares of Del Frisco’s Restaurant Group in a research report on Monday, May 16th. Canaccord Genuity assumed coverage on shares of Del Frisco’s Restaurant Group in a research report on Monday, August 22nd. They issued a “hold” rating and a $15.00 price target for the company. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $17.00 price target on shares of Del Frisco’s Restaurant Group in a research report on Friday, June 17th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.33.
The company has a market cap of $340.01 million, a price-to-earnings ratio of 20.51 and a beta of 0.86. The firm’s 50-day moving average is $15.14 and its 200 day moving average is $15.53.

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Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Del Frisco’s Restaurant Group had a return on equity of 8.33% and a net margin of 4.87%. The firm earned $79.90 million during the quarter, compared to the consensus estimate of $80.79 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that Del Frisco’s Restaurant Group Inc. will post $0.83 earnings per share for the current year.
About Del Frisco’s Restaurant Group
Del Frisco’s Restaurant Group, Inc is engaged in developing, owning and operating restaurants. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). Its operating segments are Del Frisco’s, Sullivan’s and Del Frisco’s Grille.

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