Northern Trust Corp lowered its holdings in shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,558 shares of the restaurant operator’s stock after selling 27,336 shares during the quarter. Northern Trust Corp owned 1.15% of Del Frisco’s Restaurant Group worth $3,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in Del Frisco’s Restaurant Group by 66.4% during the second quarter. SG Americas Securities LLC now owns 11,580 shares of the restaurant operator’s stock valued at $186,000 after purchasing an additional 4,621 shares during the last quarter. First Quadrant L P CA bought a new position in Del Frisco’s Restaurant Group during the second quarter valued at $200,000. AXA bought a new position in Del Frisco’s Restaurant Group during the second quarter valued at $203,000. Cigna Investments Inc. New bought a new position in Del Frisco’s Restaurant Group during the second quarter valued at $205,000. Finally, American International Group Inc. lifted its position in Del Frisco’s Restaurant Group by 7.1% during the first quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock valued at $263,000 after purchasing an additional 970 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

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Several equities analysts have commented on DFRG shares. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Raymond James Financial, Inc. set a $16.00 price objective on shares of Del Frisco’s Restaurant Group and gave the company a “hold” rating in a research report on Monday, October 16th. Canaccord Genuity reiterated a “hold” rating and set a $16.00 price objective on shares of Del Frisco’s Restaurant Group in a research report on Sunday, October 1st. BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Credit Suisse Group lowered their price objective on shares of Del Frisco’s Restaurant Group from $16.50 to $14.50 and set an “outperform” rating for the company in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.00.

Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) opened at $13.80 on Wednesday. The stock has a market cap of $292.83, a PE ratio of 20.00, a PEG ratio of 1.71 and a beta of 0.78. The company has a quick ratio of 0.33, a current ratio of 0.76 and a debt-to-equity ratio of 0.19. Del Frisco’s Restaurant Group, Inc. has a twelve month low of $11.70 and a twelve month high of $18.80.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its earnings results on Friday, October 13th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). The firm 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. research analysts expect that Del Frisco’s Restaurant Group, Inc. will post 0.73 earnings per share for the current fiscal year.

In other news, Director Ian Russell Carter bought 8,900 shares of the stock in a transaction dated Tuesday, October 17th. The stock was purchased at an average price of $12.70 per share, for a total transaction of $113,030.00. Following the acquisition, the director now owns 47,239 shares of the company’s stock, valued at $599,935.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 11,000 shares of company stock valued at $139,796 in the last 90 days. Company insiders own 2.70% of the company’s stock.

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

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