Positive News Coverage Somewhat Unlikely to Affect Del Frisco’s Restaurant Group (DFRG) Stock Price
News articles about Del Frisco’s Restaurant Group (NASDAQ:DFRG) have trended positive on Saturday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Del Frisco’s Restaurant Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also gave news headlines about the restaurant operator an impact score of 46.107226514153 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Del Frisco’s Restaurant Group, Inc. to Announce Third Quarter 2017 Results on October 13, 2017 – GlobeNewswire (press release) (globenewswire.com)
- Comparing Del Frisco’s Restaurant Group (DFRG) and Its Rivals (americanbankingnews.com)
- Head to Head Survey: Del Frisco’s Restaurant Group (DFRG) vs. Its Competitors (americanbankingnews.com)
Several equities research analysts have recently issued reports on DFRG shares. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. TheStreet lowered shares of Del Frisco’s Restaurant Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th. BidaskClub upgraded shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Raymond James Financial, Inc. restated an “outperform” rating and set a $20.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Del Frisco’s Restaurant Group currently has a consensus rating of “Hold” and a consensus price target of $18.75.
Del Frisco’s Restaurant Group (NASDAQ DFRG) remained flat at $14.55 on Friday. 117,150 shares of the company were exchanged. The stock has a market capitalization of $307.40 million, a price-to-earnings ratio of 25.00 and a beta of 0.78. The firm’s 50-day moving average price is $14.12 and its 200-day moving average price is $16.17. Del Frisco’s Restaurant Group has a one year low of $13.01 and a one year high of $18.80.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings data on Friday, July 21st. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The company had revenue of $82.30 million for the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.19 EPS. On average, analysts forecast that Del Frisco’s Restaurant Group will post $0.76 EPS for the current year.
In other Del Frisco’s Restaurant Group news, CEO Norman J. Abdallah bought 15,000 shares of Del Frisco’s Restaurant Group stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of $14.11 per share, with a total value of $211,650.00. Following the completion of the acquisition, the chief executive officer now owns 52,712 shares in the company, valued at $743,766.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas G. Dritsas bought 7,194 shares of Del Frisco’s Restaurant Group stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of $13.97 per share, with a total value of $100,500.18. Following the completion of the acquisition, the vice president now owns 10,848 shares of the company’s stock, valued at approximately $151,546.56. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 57,394 shares of company stock worth $809,299. 2.40% of the stock is owned by insiders.
WARNING: This piece of content was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.watchlistnews.com/positive-news-coverage-somewhat-unlikely-to-affect-del-friscos-restaurant-group-dfrg-stock-price/1599665.html.
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.
Receive News & Ratings for Del Frisco's Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.