Foundry Partners LLC cut its position in Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,185 shares of the restaurant operator’s stock after selling 3,250 shares during the period. Foundry Partners LLC’s holdings in Del Frisco’s Restaurant Group were worth $3,352,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. ClariVest Asset Management LLC raised its stake in shares of Del Frisco’s Restaurant Group by 21.6% in the first quarter. ClariVest Asset Management LLC now owns 6,047 shares of the restaurant operator’s stock worth $109,000 after buying an additional 1,073 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the first quarter worth approximately $126,000. First Quadrant L P CA bought a new position in shares of Del Frisco’s Restaurant Group during the second quarter worth about $200,000. Cigna Investments Inc. New bought a new position in shares of Del Frisco’s Restaurant Group during the second quarter worth about $205,000. Finally, American International Group Inc. boosted its position in shares of Del Frisco’s Restaurant Group by 7.1% in the first quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock worth $263,000 after buying an additional 970 shares during the period.

Del Frisco’s Restaurant Group, Inc. (NASDAQ DFRG) opened at 14.55 on Wednesday. The company has a market cap of $307.40 million, a PE ratio of 25.00 and a beta of 0.80. Del Frisco’s Restaurant Group, Inc. has a one year low of $13.01 and a one year high of $18.80. The firm’s 50-day moving average price is $14.98 and its 200-day moving average price is $16.66.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.02. The company had revenue of $82.30 million during the quarter, compared to analyst estimates of $81.92 million. Del Frisco’s Restaurant Group had a net margin of 3.73% and a return on equity of 7.39%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. On average, equities research analysts forecast that Del Frisco’s Restaurant Group, Inc. will post $0.76 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on DFRG. Raymond James Financial, Inc. restated an “outperform” rating and set a $20.00 target price on shares of Del Frisco’s Restaurant Group in a report on Monday, July 24th. BidaskClub upgraded Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. TheStreet cut Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, June 7th. Deutsche Bank AG restated a “hold” rating and set a $17.50 target price (up previously from $16.00) on shares of Del Frisco’s Restaurant Group in a report on Saturday, April 29th. Finally, Canaccord Genuity restated a “hold” rating and set a $19.00 target price on shares of Del Frisco’s Restaurant Group in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.75.

In other Del Frisco’s Restaurant Group news, Director Ian Russell Carter bought 12,200 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was acquired at an average price of $14.00 per share, with a total value of $170,800.00. Following the completion of the purchase, the director now directly owns 38,339 shares of the company’s stock, valued at approximately $536,746. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Neil H. Thomson bought 4,000 shares of the firm’s stock in a transaction that occurred on Sunday, July 30th. The shares were acquired at an average cost of $14.25 per share, with a total value of $57,000.00. Following the purchase, the chief financial officer now directly owns 34,224 shares of the company’s stock, valued at $487,692. The disclosure for this purchase can be found here. In the last three months, insiders bought 57,394 shares of company stock valued at $809,299. Insiders own 2.70% of the company’s stock.

About Del Frisco’s Restaurant Group

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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Institutional Ownership by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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