Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas. “

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus downgraded Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $23.00 to $14.00 in a research report on Tuesday, July 26th. Canaccord Genuity initiated coverage on Del Frisco’s Restaurant Group in a research report on Monday, August 22nd. They set a “hold” rating and a $15.00 price objective on the stock. Credit Suisse Group AG reiterated a “hold” rating and set a $17.00 price objective on shares of Del Frisco’s Restaurant Group in a research report on Friday, June 17th. Finally, TheStreet downgraded Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Del Frisco’s Restaurant Group currently has a consensus rating of “Hold” and an average price target of $16.00.

Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

Shares of Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded up 0.29% during midday trading on Wednesday, hitting $13.97. The company’s stock had a trading volume of 216,352 shares. The firm has a 50-day moving average of $14.97 and a 200 day moving average of $15.44. The firm has a market cap of $326.23 million, a price-to-earnings ratio of 19.68 and a beta of 0.86. Del Frisco’s Restaurant Group has a 12-month low of $12.94 and a 12-month high of $17.15.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its earnings results on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $79.90 million for the quarter, compared to the consensus estimate of $80.79 million. Del Frisco’s Restaurant Group had a return on equity of 8.33% and a net margin of 4.87%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. On average, equities research analysts predict that Del Frisco’s Restaurant Group will post $0.83 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of DFRG. Emerald Acquisition Ltd. acquired a new stake in Del Frisco’s Restaurant Group during the second quarter valued at about $6,031,000. FMR LLC boosted its stake in Del Frisco’s Restaurant Group by 173.4% in the second quarter. FMR LLC now owns 379,252 shares of the company’s stock valued at $5,431,000 after buying an additional 240,552 shares during the period. Macquarie Group Ltd. boosted its stake in Del Frisco’s Restaurant Group by 27.1% in the second quarter. Macquarie Group Ltd. now owns 1,047,976 shares of the company’s stock valued at $15,007,000 after buying an additional 223,442 shares during the period. Dimensional Fund Advisors LP boosted its stake in Del Frisco’s Restaurant Group by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,102,566 shares of the company’s stock valued at $15,789,000 after buying an additional 200,788 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Del Frisco’s Restaurant Group by 45.6% in the second quarter. UBS Asset Management Americas Inc. now owns 618,123 shares of the company’s stock valued at $8,851,000 after buying an additional 193,514 shares during the period. 88.00% of the stock is owned by institutional investors.

About Del Frisco’s Restaurant Group

Del Frisco’s Restaurant Group, Inc is engaged in developing, owning and operating restaurants. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). Its operating segments are Del Frisco’s, Sullivan’s and Del Frisco’s Grille.

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