Zacks Investment Research upgraded shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) from a sell rating to a hold rating in a research note released on Thursday morning.

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. “

DFRG has been the subject of a number of other research reports. Credit Suisse Group upgraded Del Frisco’s Restaurant Group from a neutral rating to an outperform rating and raised their price objective for the company from $15.00 to $19.00 in a research note on Tuesday, November 29th. Stephens lowered Del Frisco’s Restaurant Group from an overweight rating to an equal weight rating in a research note on Wednesday, November 16th. Finally, TheStreet upgraded Del Frisco’s Restaurant Group from a c+ rating to a b- rating in a research note on Wednesday, February 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $17.00.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) traded down 0.58% during midday trading on Thursday, hitting $17.10. The stock had a trading volume of 33,524 shares. The stock has a 50-day moving average price of $17.08 and a 200 day moving average price of $15.71. The firm has a market cap of $402.31 million, a PE ratio of 21.62 and a beta of 0.93. Del Frisco’s Restaurant Group has a one year low of $13.01 and a one year high of $18.50.

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In other news, Director Mark Mednansky sold 190,500 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $18.20, for a total value of $3,467,100.00. Following the completion of the transaction, the director now owns 228,744 shares in the company, valued at approximately $4,163,140.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Norman J. Abdallah bought 10,000 shares of the firm’s stock in a transaction dated Thursday, December 1st. The stock was purchased at an average price of $17.55 per share, with a total value of $175,500.00. Following the transaction, the chief executive officer now owns 21,768 shares in the company, valued at approximately $382,028.40. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DFRG. First Trust Advisors LP raised its position in shares of Del Frisco’s Restaurant Group by 4.6% in the third quarter. First Trust Advisors LP now owns 12,694 shares of the company’s stock valued at $171,000 after buying an additional 555 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Del Frisco’s Restaurant Group by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 63,481 shares of the company’s stock valued at $910,000 after buying an additional 924 shares during the last quarter. West Coast Financial LLC raised its position in shares of Del Frisco’s Restaurant Group by 2.7% in the second quarter. West Coast Financial LLC now owns 104,956 shares of the company’s stock valued at $1,503,000 after buying an additional 2,727 shares during the last quarter. Kempen Capital Management N.V. raised its position in shares of Del Frisco’s Restaurant Group by 14.2% in the second quarter. Kempen Capital Management N.V. now owns 40,242 shares of the company’s stock valued at $576,000 after buying an additional 5,000 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Del Frisco’s Restaurant Group by 9.9% in the third quarter. Wells Fargo & Company MN now owns 70,232 shares of the company’s stock valued at $947,000 after buying an additional 6,315 shares during the last quarter.

Del Frisco’s Restaurant Group Company Profile

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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