GSA Capital Partners LLP Lowers Holdings in Del Frisco's Restaurant Group Inc (DFRG)

GSA Capital Partners LLP lessened its holdings in shares of Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) by 45.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,388 shares of the restaurant operator’s stock after selling 39,063 shares during the quarter. GSA Capital Partners LLP owned approximately 0.22% of Del Frisco's Restaurant Group worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC boosted its stake in shares of Del Frisco's Restaurant Group by 95.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,645,901 shares of the restaurant operator’s stock worth $23,948,000 after acquiring an additional 802,824 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Del Frisco's Restaurant Group by 74.3% during the 2nd quarter. Nationwide Fund Advisors now owns 33,431 shares of the restaurant operator’s stock worth $538,000 after acquiring an additional 14,254 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Del Frisco's Restaurant Group by 97.5% during the 3rd quarter. Prudential Financial Inc. now owns 150,360 shares of the restaurant operator’s stock worth $2,188,000 after acquiring an additional 74,240 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Del Frisco's Restaurant Group by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 999,420 shares of the restaurant operator’s stock worth $16,091,000 after acquiring an additional 41,946 shares during the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of Del Frisco's Restaurant Group by 8.1% during the 3rd quarter. Foundry Partners LLC now owns 224,985 shares of the restaurant operator’s stock worth $3,274,000 after acquiring an additional 16,800 shares during the last quarter. Institutional investors and hedge funds own 96.32% of the company’s stock.

In other Del Frisco's Restaurant Group news, Director Ian Russell Carter bought 8,900 shares of Del Frisco's Restaurant Group stock in a transaction dated Tuesday, October 17th. The shares were purchased at an average cost of $12.70 per share, for a total transaction of $113,030.00. Following the acquisition, the director now directly owns 47,239 shares in the company, valued at approximately $599,935.30. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders bought 11,000 shares of company stock worth $139,796. Insiders own 2.40% of the company’s stock.

Shares of Del Frisco's Restaurant Group Inc (DFRG) opened at $17.00 on Friday. Del Frisco's Restaurant Group Inc has a fifty-two week low of $11.70 and a fifty-two week high of $18.80. The company has a quick ratio of 0.33, a current ratio of 0.76 and a debt-to-equity ratio of 0.19. The firm has a market cap of $360.73, a PE ratio of 36.96, a PEG ratio of 1.81 and a beta of 0.79.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last posted its earnings results on Friday, October 13th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Del Frisco's Restaurant Group had a return on equity of 6.94% and a net margin of 3.00%. The business had revenue of $73.30 million during the quarter, compared to the consensus estimate of $73.58 million. During the same quarter last year, the firm earned $0.04 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. research analysts anticipate that Del Frisco's Restaurant Group Inc will post 0.74 earnings per share for the current year.

DFRG has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Del Frisco's Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Stephens upgraded shares of Del Frisco's Restaurant Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $15.10 to $18.00 in a research note on Wednesday. Canaccord Genuity restated a “hold” rating and set a $16.00 target price on shares of Del Frisco's Restaurant Group in a research note on Sunday, October 1st. Credit Suisse Group lowered their target price on shares of Del Frisco's Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Finally, Raymond James Financial set a $16.00 target price on shares of Del Frisco's Restaurant Group and gave the company a “hold” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Del Frisco's Restaurant Group has a consensus rating of “Hold” and an average price target of $16.67.

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Del Frisco's Restaurant Group Profile

Del Frisco’s Restaurant Group, Inc develops, owns and operates three contemporary, complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). As of December 27, 2016, the Company operated 53 restaurants in 24 states and the District of Columbia in the United States.

Institutional Ownership by Quarter for Del Frisco's Restaurant Group (NASDAQ:DFRG)

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