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

DFRG has been the subject of several other research reports. JPMorgan Chase & Co. reissued an overweight rating on shares of in a report on Friday, June 28th. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Finally, ValuEngine downgraded shares of Verso from a hold rating to a sell rating in a report on Thursday, May 23rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $9.80.

DFRG stock traded up $0.01 during trading on Thursday, reaching $7.93. The company’s stock had a trading volume of 38,989 shares, compared to its average volume of 2,699,517. Del Frisco’s Restaurant Group has a 1 year low of $4.61 and a 1 year high of $12.40. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 2.58. The firm has a market cap of $264.99 million, a P/E ratio of -44.06 and a beta of 0.79. The company has a fifty day moving average price of $7.12.

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, beating the consensus estimate of ($0.17) by $0.07. Del Frisco’s Restaurant Group had a negative net margin of 21.62% and a negative return on equity of 1.15%. The business had revenue of $120.38 million during the quarter, compared to the consensus estimate of $121.65 million. On average, equities analysts forecast that Del Frisco’s Restaurant Group will post -0.21 EPS for the current year.

In other Del Frisco’s Restaurant Group news, major shareholder Armistice Capital Master Fund purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $5.96 per share, with a total value of $149,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Armistice Capital, Llc purchased 30,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was acquired at an average cost of $6.73 per share, with a total value of $201,900.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 655,000 shares of company stock valued at $3,931,850. 2.00% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in DFRG. Engaged Capital LLC bought a new position in shares of Del Frisco’s Restaurant Group in the 4th quarter valued at about $23,795,000. Nomura Holdings Inc. bought a new position in shares of Del Frisco’s Restaurant Group in the 4th quarter valued at about $2,343,000. Deutsche Bank AG raised its position in Del Frisco’s Restaurant Group by 343.2% in the 4th quarter. Deutsche Bank AG now owns 306,526 shares of the restaurant operator’s stock worth $2,189,000 after purchasing an additional 237,365 shares during the period. FMR LLC raised its position in Del Frisco’s Restaurant Group by 4.9% in the 4th quarter. FMR LLC now owns 4,979,723 shares of the restaurant operator’s stock worth $35,605,000 after purchasing an additional 234,800 shares during the period. Finally, Barington Capital Group L.P. purchased a new stake in Del Frisco’s Restaurant Group in the 4th quarter worth about $1,492,000.

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, 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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