Del Frisco’s Restaurant Group (DFRG) Sees Unusually-High Trading Volume

Shares of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) saw strong trading volume on Thursday . 4,609,132 shares changed hands during trading, an increase of 1,394% from the previous session’s volume of 308,562 shares.The stock last traded at $9.30 and had previously closed at $8.30.

Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Zacks Investment Research raised shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, July 10th. ValuEngine downgraded shares of Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 10th. Canaccord Genuity cut their price target on shares of Del Frisco’s Restaurant Group from $16.00 to $14.00 and set a “hold” rating for the company in a report on Friday, July 13th. Finally, Raymond James downgraded shares of Del Frisco’s Restaurant Group from an “outperform” rating to a “market perform” rating and set a $16.00 price target for the company. in a report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.90.

The company has a market capitalization of $174.27 million, a price-to-earnings ratio of 11.07, a PEG ratio of 3.17 and a beta of 0.88. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its earnings results on Friday, July 27th. The restaurant operator reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.11. Del Frisco’s Restaurant Group had a negative net margin of 4.81% and a positive return on equity of 7.14%. The company had revenue of $90.04 million during the quarter, compared to the consensus estimate of $90.69 million. equities analysts predict that Del Frisco’s Restaurant Group Inc will post 0.27 EPS for the current fiscal year.

In related news, insider Juan Salas bought 5,000 shares of the company’s stock in a transaction on Thursday, May 10th. The stock was bought at an average cost of $15.15 per share, with a total value of $75,750.00. Following the completion of the purchase, the insider now owns 5,000 shares in the company, valued at approximately $75,750. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Norman J. Abdallah bought 16,170 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was bought at an average cost of $15.41 per share, with a total value of $249,179.70. Following the completion of the purchase, the chief executive officer now owns 105,882 shares of the company’s stock, valued at approximately $1,631,641.62. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 29,330 shares of company stock valued at $450,400. Insiders own 3.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Penn Capital Management Co. Inc. grew its position in shares of Del Frisco’s Restaurant Group by 44.3% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 272,362 shares of the restaurant operator’s stock worth $3,432,000 after buying an additional 83,622 shares during the period. Garnet Equity Capital Holdings Inc. acquired a new stake in shares of Del Frisco’s Restaurant Group during the 2nd quarter worth approximately $2,520,000. Brown Advisory Inc. grew its position in shares of Del Frisco’s Restaurant Group by 109.9% during the 1st quarter. Brown Advisory Inc. now owns 32,087 shares of the restaurant operator’s stock worth $490,000 after buying an additional 16,801 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Del Frisco’s Restaurant Group during the 1st quarter worth approximately $225,000. Finally, Royal Bank of Canada grew its position in shares of Del Frisco’s Restaurant Group by 437,625.0% during the 1st quarter. Royal Bank of Canada now owns 385,198 shares of the restaurant operator’s stock worth $5,874,000 after buying an additional 385,110 shares during the period. Institutional investors own 98.90% of the company’s stock.

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, and Del Frisco's Grille brand names. The company offers steaks, as well as other menu selections, such as chops and fresh seafood.

Featured Article: Market Capitalization

Receive News & Ratings for Del Frisco's Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply