Brokerages expect that Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) will announce earnings of $0.41 per share for the current quarter, Zacks reports. Three analysts have made estimates for Del Frisco’s Restaurant Group’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.41. Del Frisco’s Restaurant Group reported earnings of $0.37 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The business is expected to report its next quarterly earnings results on Friday, February 23rd.

On average, analysts expect that Del Frisco’s Restaurant Group will report full year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.72 to $0.75. For the next year, analysts forecast that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.76 to $0.86. Zacks’ EPS averages are an average based on a survey of research analysts that cover Del Frisco’s Restaurant Group.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its earnings results on Friday, October 13th. The restaurant operator reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The company had revenue of $73.30 million during the quarter, compared to the consensus estimate of $73.58 million. Del Frisco’s Restaurant Group had a return on equity of 6.94% and a net margin of 3.00%. Del Frisco’s Restaurant Group’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 earnings per share.

A number of brokerages have commented on DFRG. Credit Suisse Group dropped their target price on shares of Del Frisco’s Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Raymond James Financial, Inc. set a $16.00 target price on shares of Del Frisco’s Restaurant Group and gave the stock a “hold” rating in a research note on Monday, October 16th. Zacks Investment Research downgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Canaccord Genuity restated a “hold” rating and issued a $16.00 target price on shares of Del Frisco’s Restaurant Group in a research note on Sunday, October 1st. Finally, BidaskClub downgraded shares of Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.00.

In other Del Frisco’s Restaurant Group news, Director Ian Russell Carter acquired 8,900 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were purchased at an average cost of $12.70 per share, for a total transaction of $113,030.00. Following the completion of the purchase, the director now owns 47,239 shares in the company, valued at $599,935.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 11,000 shares of company stock worth $139,796. Insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of Del Frisco’s Restaurant Group by 26.1% during the first quarter. Renaissance Technologies LLC now owns 44,300 shares of the restaurant operator’s stock valued at $800,000 after purchasing an additional 9,175 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Del Frisco’s Restaurant Group during the second quarter valued at approximately $982,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Del Frisco’s Restaurant Group by 22.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 85,758 shares of the restaurant operator’s stock valued at $1,548,000 after purchasing an additional 15,733 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Del Frisco’s Restaurant Group by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 119,807 shares of the restaurant operator’s stock valued at $2,163,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Del Frisco’s Restaurant Group by 15.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,395,582 shares of the restaurant operator’s stock valued at $25,190,000 after purchasing an additional 190,478 shares in the last quarter. Hedge funds and other institutional investors own 98.62% of the company’s stock.

Shares of Del Frisco’s Restaurant Group (NASDAQ DFRG) traded down $0.15 during mid-day trading on Thursday, reaching $13.30. 149,611 shares of the company’s stock were exchanged, compared to its average volume of 208,925. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.76 and a quick ratio of 0.33. The company has a market cap of $286.46, a P/E ratio of 19.57, a P/E/G ratio of 1.69 and a beta of 0.78. Del Frisco’s Restaurant Group has a twelve month low of $11.70 and a twelve month high of $18.80.

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Del Frisco’s Restaurant Group Company Profile

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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