TheStreet lowered shares of Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) from a b rating to a c+ rating in a research note released on Wednesday.

DFRG has been the topic of a number of other research reports. Zacks Investment Research cut Del Frisco's Restaurant Group from a hold rating to a sell rating in a research note on Wednesday, April 26th. Canaccord Genuity restated a hold rating and set a $17.00 price objective (up previously from $16.00) on shares of Del Frisco's Restaurant Group in a research note on Monday, February 27th. Finally, Deutsche Bank AG restated a hold rating and set a $17.50 price objective (up previously from $16.00) on shares of Del Frisco's Restaurant Group in a research note on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $17.75.

Del Frisco's Restaurant Group (DFRG) traded up 0.30% during midday trading on Wednesday, reaching $16.55. The company’s stock had a trading volume of 8,725 shares. The company has a market capitalization of $361.19 million, a P/E ratio of 24.70 and a beta of 0.93. Del Frisco's Restaurant Group has a 1-year low of $13.01 and a 1-year high of $18.80. The company has a 50 day moving average of $17.39 and a 200-day moving average of $17.36.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $83.89 million for the quarter, compared to analyst estimates of $84.08 million. Del Frisco's Restaurant Group had a return on equity of 8.15% and a net margin of 5.36%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. Equities research analysts anticipate that Del Frisco's Restaurant Group will post $0.83 earnings per share for the current fiscal year.

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In other Del Frisco's Restaurant Group news, CFO Thomas J. Pennison, Jr. sold 2,827 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $17.74, for a total transaction of $50,150.98. Following the transaction, the chief financial officer now owns 44,536 shares in the company, valued at $790,068.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in Del Frisco's Restaurant Group by 83.2% in the fourth quarter. FMR LLC now owns 2,292,450 shares of the restaurant operator’s stock valued at $38,972,000 after buying an additional 1,041,300 shares during the period. State Street Corp boosted its position in Del Frisco's Restaurant Group by 7.0% in the fourth quarter. State Street Corp now owns 404,989 shares of the restaurant operator’s stock valued at $6,887,000 after buying an additional 26,397 shares during the period. Dimensional Fund Advisors LP boosted its position in Del Frisco's Restaurant Group by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,205,104 shares of the restaurant operator’s stock valued at $20,487,000 after buying an additional 76,125 shares during the period. Comerica Bank boosted its position in Del Frisco's Restaurant Group by 237.0% in the fourth quarter. Comerica Bank now owns 91,668 shares of the restaurant operator’s stock valued at $1,577,000 after buying an additional 64,465 shares during the period. Finally, AQR Capital Management LLC boosted its position in Del Frisco's Restaurant Group by 29.5% in the fourth quarter. AQR Capital Management LLC now owns 96,067 shares of the restaurant operator’s stock valued at $1,633,000 after buying an additional 21,864 shares during the period.

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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