TIAA CREF Investment Management LLC boosted its stake in Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,629 shares of the restaurant operator’s stock after buying an additional 9,447 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.51% of Del Frisco’s Restaurant Group worth $1,733,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Del Frisco’s Restaurant Group in the 1st quarter valued at about $126,000. First Quadrant L P CA purchased a new position in Del Frisco’s Restaurant Group in the 2nd quarter valued at about $200,000. AXA purchased a new position in Del Frisco’s Restaurant Group in the 2nd quarter valued at about $203,000. Cigna Investments Inc. New purchased a new position in Del Frisco’s Restaurant Group in the 2nd quarter valued at about $205,000. Finally, American International Group Inc. lifted its stake in Del Frisco’s Restaurant Group by 7.1% in the 1st quarter. American International Group Inc. now owns 14,581 shares of the restaurant operator’s stock valued at $263,000 after buying an additional 970 shares in the last quarter. 98.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on DFRG. 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. Canaccord Genuity reaffirmed a “hold” rating and issued a $16.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Sunday, October 1st. BidaskClub raised shares of Del Frisco’s Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Del Frisco’s Restaurant Group in a research note on Monday, July 24th. Finally, Credit Suisse Group decreased their price target on shares of Del Frisco’s Restaurant Group from $16.50 to $14.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Del Frisco’s Restaurant Group currently has a consensus rating of “Hold” and a consensus target price of $16.00.

In other Del Frisco’s Restaurant Group news, Director Ian Russell Carter purchased 8,900 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were purchased at an average cost of $12.70 per share, with a total value of $113,030.00. Following the completion of the purchase, the director now owns 47,239 shares in the company, valued at $599,935.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders acquired 11,000 shares of company stock worth $139,796. Insiders own 2.40% of the company’s stock.

Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) opened at $13.85 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.33 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $299.19 million, a price-to-earnings ratio of 20.43, a P/E/G ratio of 1.77 and a beta of 0.78.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, October 13th. The restaurant operator reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The company had revenue of $73.30 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.04 earnings per share. analysts anticipate that Del Frisco’s Restaurant Group, Inc. will post 0.73 EPS for the current year.

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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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