Del Frisco’s Restaurant Group, Inc. (DFRG) Set to Announce Earnings on Thursday
Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) will release its earnings data before the market opens on Thursday, October 12th.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The business had revenue of $82.30 million for the quarter, compared to analyst estimates of $81.92 million. Del Frisco’s Restaurant Group had a net margin of 3.73% and a return on equity of 7.39%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, analysts expect Del Frisco’s Restaurant Group to post $0.76 EPS for the current fiscal year and $0.84 EPS for the next fiscal year.
Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) opened at 14.50 on Thursday. The company’s 50 day moving average is $14.18 and its 200 day moving average is $15.96. The firm has a market cap of $306.34 million, a price-to-earnings ratio of 24.91 and a beta of 0.78. Del Frisco’s Restaurant Group, Inc. has a 12-month low of $13.01 and a 12-month high of $18.80.
In other news, CEO Norman J. Abdallah acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was acquired at an average cost of $14.11 per share, with a total value of $211,650.00. Following the acquisition, the chief executive officer now owns 52,712 shares in the company, valued at $743,766.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian Russell Carter acquired 12,200 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were purchased at an average cost of $14.00 per share, with a total value of $170,800.00. Following the completion of the acquisition, the director now owns 38,339 shares in the company, valued at approximately $536,746. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 57,394 shares of company stock valued at $809,299. 2.70% of the stock is owned by insiders.
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Several research firms have commented on DFRG. BidaskClub raised shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet downgraded shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research report on Wednesday, June 7th. Zacks Investment Research downgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Monday, July 24th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $16.00 price objective on shares of Del Frisco’s Restaurant Group in a report on Sunday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Del Frisco’s Restaurant Group presently has an average rating of “Hold” and an average target price of $18.25.
About Del Frisco’s Restaurant Group
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.
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