Del Frisco’s Restaurant Group (NASDAQ:DFRG) Downgraded by BidaskClub

BidaskClub downgraded shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) from a buy rating to a hold rating in a report published on Thursday morning, BidAskClub reports.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. reiterated an overweight rating on shares of in a report on Friday, June 28th. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Finally, ValuEngine downgraded Verso from a hold rating to a sell rating in a report on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Del Frisco’s Restaurant Group currently has an average rating of Hold and a consensus target price of $8.75.

NASDAQ DFRG opened at $7.93 on Thursday. Del Frisco’s Restaurant Group has a one year low of $4.61 and a one year high of $12.10. The stock has a 50-day simple moving average of $7.14. The company has a market cap of $264.99 million, a P/E ratio of 793.00 and a beta of 0.79. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.43 and a quick ratio of 0.21.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its quarterly earnings data on Tuesday, May 7th. The restaurant operator reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.07. Del Frisco’s Restaurant Group had a negative return on equity of 1.15% and a negative net margin of 21.62%. The company had revenue of $120.38 million during the quarter, compared to the consensus estimate of $121.65 million. On average, equities research analysts anticipate that Del Frisco’s Restaurant Group will post -0.21 EPS for the current year.

In other news, major shareholder Armistice Capital, Llc purchased 110,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $6.18 per share, for a total transaction of $679,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Armistice Capital Master Fund purchased 265,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of $6.09 per share, with a total value of $1,613,850.00. The disclosure for this purchase can be found here. Insiders purchased a total of 655,000 shares of company stock valued at $3,931,850 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Syquant Capital Sas purchased a new stake in Del Frisco’s Restaurant Group in the second quarter valued at about $1,568,000. Eidelman Virant Capital acquired a new position in shares of Del Frisco’s Restaurant Group in the first quarter valued at about $224,000. Ironwood Investment Management LLC increased its holdings in shares of Del Frisco’s Restaurant Group by 9.8% in the first quarter. Ironwood Investment Management LLC now owns 23,664 shares of the restaurant operator’s stock valued at $152,000 after purchasing an additional 2,111 shares during the period. Hollencrest Capital Management acquired a new position in shares of Del Frisco’s Restaurant Group in the first quarter valued at about $235,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Del Frisco’s Restaurant Group by 398.3% in the first quarter. BNP Paribas Arbitrage SA now owns 6,917 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 5,529 shares during the period.

Del Frisco’s Restaurant Group Company 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, 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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