Del Frisco’s Restaurant Group Inc (DFRG) Major Shareholder Buys $397,300.00 in Stock

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) major shareholder Armistice Capital Master Fund acquired 58,000 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was acquired at an average price of $6.85 per share, for a total transaction of $397,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Armistice Capital Master Fund also recently made the following trade(s):

  • On Friday, November 16th, Armistice Capital Master Fund acquired 78,000 shares of Del Frisco’s Restaurant Group stock. The stock was acquired at an average price of $6.21 per share, for a total transaction of $484,380.00.
  • On Wednesday, November 7th, Armistice Capital Master Fund acquired 40,000 shares of Del Frisco’s Restaurant Group stock. The stock was acquired at an average price of $6.24 per share, for a total transaction of $249,600.00.
  • On Wednesday, September 12th, Armistice Capital Master Fund acquired 32,000 shares of Del Frisco’s Restaurant Group stock. The stock was acquired at an average price of $8.08 per share, for a total transaction of $258,560.00.

NASDAQ:DFRG opened at $7.90 on Friday. Del Frisco’s Restaurant Group Inc has a 12-month low of $5.86 and a 12-month high of $18.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.38 and a current ratio of 0.65. The company has a market capitalization of $225.92 million, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 3.99 and a beta of 1.07.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its earnings results on Monday, November 12th. The restaurant operator reported ($1.10) EPS for the quarter, missing the 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 firm had revenue of $105.30 million during the quarter, compared to analyst estimates of $116.60 million. Equities research analysts predict that Del Frisco’s Restaurant Group Inc will post 0.17 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. PEAK6 Investments L.P. acquired a new position in shares of Del Frisco’s Restaurant Group in the second quarter valued at approximately $138,000. Jane Street Group LLC acquired a new position in shares of Del Frisco’s Restaurant Group in the third quarter valued at approximately $125,000. Virtu Financial LLC acquired a new position in shares of Del Frisco’s Restaurant Group in the third quarter valued at approximately $130,000. Engineers Gate Manager LP acquired a new position in shares of Del Frisco’s Restaurant Group in the second quarter valued at approximately $227,000. Finally, Sei Investments Co. grew its position in shares of Del Frisco’s Restaurant Group by 1,343.9% in the second quarter. Sei Investments Co. now owns 18,439 shares of the restaurant operator’s stock valued at $232,000 after purchasing an additional 17,162 shares during the last quarter. 94.58% of the stock is currently owned by institutional investors.

DFRG has been the topic of several research analyst reports. ValuEngine lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Stephens lowered Del Frisco’s Restaurant Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $15.00 to $10.00 in a research note on Wednesday, September 12th. Loop Capital initiated coverage on Del Frisco’s Restaurant Group in a research note on Friday, November 2nd. They issued a “hold” rating and a $8.00 price objective on the stock. BidaskClub upgraded Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 18th. Finally, TheStreet lowered Del Frisco’s Restaurant Group from a “c-” rating to a “d+” rating in a research note on Friday, August 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.25.

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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, 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.

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