Wells Fargo & Company MN Has $1.55 Million Holdings in Del Frisco’s Restaurant Group (DFRG)

Wells Fargo & Company MN grew its position in shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,798 shares of the restaurant operator’s stock after buying an additional 14,627 shares during the quarter. Wells Fargo & Company MN owned 0.48% of Del Frisco’s Restaurant Group worth $1,552,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in DFRG. Janus Henderson Group PLC raised its position in 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 buying an additional 802,824 shares during the last quarter. LSV Asset Management raised its position in Del Frisco’s Restaurant Group by 115.0% during the 4th quarter. LSV Asset Management now owns 903,201 shares of the restaurant operator’s stock worth $13,773,000 after buying an additional 483,078 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Del Frisco’s Restaurant Group by 10.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,744,814 shares of the restaurant operator’s stock worth $25,387,000 after buying an additional 159,038 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Del Frisco’s Restaurant Group during the 4th quarter worth $2,093,000. Finally, Foundry Partners LLC raised its position in Del Frisco’s Restaurant Group by 35.5% during the 4th quarter. Foundry Partners LLC now owns 304,935 shares of the restaurant operator’s stock worth $4,650,000 after buying an additional 79,950 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

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Shares of DFRG opened at $15.80 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.71 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $322.43, a PE ratio of 22.32, a P/E/G ratio of 2.12 and a beta of 1.01. Del Frisco’s Restaurant Group has a 52-week low of $11.70 and a 52-week high of $18.85.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The company had revenue of $121.89 million during the quarter, compared to analysts’ expectations of $123.12 million. Del Frisco’s Restaurant Group had a negative net margin of 3.17% and a positive return on equity of 7.21%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. equities research analysts forecast that Del Frisco’s Restaurant Group will post 0.68 EPS for the current fiscal year.

Del Frisco’s Restaurant Group declared that its board has authorized a stock buyback plan on Thursday, March 8th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other Del Frisco’s Restaurant Group news, CEO Norman J. Abdallah bought 15,000 shares of the company’s stock in a transaction on Monday, March 12th. The stock was purchased at an average cost of $16.13 per share, for a total transaction of $241,950.00. Following the acquisition, the chief executive officer now owns 67,712 shares of the company’s stock, valued at approximately $1,092,194.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

DFRG has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, January 12th. Bank of America upgraded shares of Del Frisco’s Restaurant Group to a “buy” rating in a report on Friday, March 2nd. Deutsche Bank upgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $16.00 price target on shares of Del Frisco’s Restaurant Group in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.50.

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Del Frisco’s Restaurant Group Profile

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.

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

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