Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) major shareholder Armistice Capital Master Fund acquired 58,000 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average price of $6.85 per share, with a total value of $397,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Armistice Capital Master Fund also recently made the following trade(s):

  • On Friday, November 16th, Armistice Capital Master Fund acquired 78,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.21 per share, with a total value of $484,380.00.
  • On Wednesday, November 7th, Armistice Capital Master Fund acquired 40,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.24 per share, with a total value of $249,600.00.
  • On Wednesday, September 12th, Armistice Capital Master Fund acquired 32,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $8.08 per share, with a total value of $258,560.00.

Shares of DFRG opened at $6.78 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.39. Del Frisco’s Restaurant Group Inc has a 1 year low of $5.86 and a 1 year high of $18.85. The stock has a market cap of $225.92 million, a price-to-earnings ratio of 9.04, a P/E/G ratio of 3.99 and a beta of 1.07.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its earnings results on Monday, November 12th. The restaurant operator reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.84). Del Frisco’s Restaurant Group had a positive return on equity of 6.41% and a negative net margin of 20.49%. The company had revenue of $105.30 million for the quarter, compared to the consensus estimate of $116.60 million. As a group, equities analysts predict that Del Frisco’s Restaurant Group Inc will post 0.17 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Del Frisco’s Restaurant Group by 49.8% during the third quarter. Vanguard Group Inc. now owns 1,484,945 shares of the restaurant operator’s stock worth $12,325,000 after buying an additional 493,456 shares during the last quarter. Penn Capital Management Co. Inc. boosted its holdings in Del Frisco’s Restaurant Group by 54.7% during the third quarter. Penn Capital Management Co. Inc. now owns 421,390 shares of the restaurant operator’s stock worth $3,498,000 after buying an additional 149,028 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Del Frisco’s Restaurant Group by 26.0% during the third quarter. TIAA CREF Investment Management LLC now owns 62,034 shares of the restaurant operator’s stock worth $515,000 after buying an additional 12,783 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Del Frisco’s Restaurant Group by 33.3% during the third quarter. Teachers Advisors LLC now owns 51,366 shares of the restaurant operator’s stock worth $426,000 after buying an additional 12,825 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Del Frisco’s Restaurant Group by 15.2% during the third quarter. AQR Capital Management LLC now owns 287,169 shares of the restaurant operator’s stock worth $2,384,000 after buying an additional 37,935 shares during the last quarter. Hedge funds and other institutional investors own 94.58% of the company’s stock.

A number of brokerages recently commented on DFRG. TheStreet lowered Del Frisco’s Restaurant Group from a “c-” rating to a “d+” rating in a research report on Friday, August 10th. ValuEngine upgraded Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. BidaskClub upgraded Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th. Stephens lowered Del Frisco’s Restaurant Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $15.00 to $10.00 in a research report on Wednesday, September 12th. Finally, Loop Capital began coverage on Del Frisco’s Restaurant Group in a research report on Friday, November 2nd. They issued a “hold” rating and a $8.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.25.

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Del Frisco’s Restaurant Group Company Profile

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, Sullivan's Steakhouse, 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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