Two Sigma Advisers LP reduced its stake in shares of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 251,400 shares of the restaurant operator’s stock after selling 7,500 shares during the quarter. Two Sigma Advisers LP owned 0.75% of Del Frisco’s Restaurant Group worth $1,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DFRG. AQR Capital Management LLC boosted its stake in shares of Del Frisco’s Restaurant Group by 15.2% during the third quarter. AQR Capital Management LLC now owns 287,169 shares of the restaurant operator’s stock valued at $2,384,000 after purchasing an additional 37,935 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Del Frisco’s Restaurant Group by 66.9% during the third quarter. Prudential Financial Inc. now owns 273,459 shares of the restaurant operator’s stock valued at $2,269,000 after purchasing an additional 109,638 shares in the last quarter. FMR LLC boosted its stake in shares of Del Frisco’s Restaurant Group by 552.6% during the third quarter. FMR LLC now owns 4,744,923 shares of the restaurant operator’s stock valued at $39,382,000 after purchasing an additional 4,017,823 shares in the last quarter. American International Group Inc. boosted its stake in shares of Del Frisco’s Restaurant Group by 66.5% during the third quarter. American International Group Inc. now owns 21,952 shares of the restaurant operator’s stock valued at $182,000 after purchasing an additional 8,769 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Del Frisco’s Restaurant Group during the third quarter valued at about $130,000. 97.35% of the stock is currently owned by institutional investors.

DFRG has been the topic of a number of recent research reports. Zacks Investment Research raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Monday, February 4th. ValuEngine downgraded Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. JPMorgan Chase & Co. began coverage on Del Frisco’s Restaurant Group in a research report on Friday, February 15th. They set a “neutral” rating and a $9.00 price objective for the company. Finally, BidaskClub downgraded Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.00.

Shares of DFRG opened at $6.59 on Wednesday. Del Frisco’s Restaurant Group Inc has a 1 year low of $5.86 and a 1 year high of $17.00. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 1.56. The stock has a market cap of $231.84 million, a PE ratio of -36.61 and a beta of 0.79.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings data on Tuesday, March 12th. The restaurant operator reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. Del Frisco’s Restaurant Group had a positive return on equity of 1.50% and a negative net margin of 18.68%. The company had revenue of $123.85 million during the quarter, compared to the consensus estimate of $125.63 million. On average, research analysts anticipate that Del Frisco’s Restaurant Group Inc will post -0.21 EPS for the current fiscal year.

In other Del Frisco’s Restaurant Group news, major shareholder Armistice Capital, Llc bought 33,780 shares of the stock in a transaction on Friday, January 25th. The stock was acquired at an average cost of $7.94 per share, for a total transaction of $268,213.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Armistice Capital Master Fund bought 571,000 shares of the stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $7.26 per share, with a total value of $4,145,460.00. The disclosure for this purchase can be found here. Insiders have bought 1,491,321 shares of company stock valued at $10,439,487 over the last 90 days. 3.20% of the stock is owned by corporate insiders.

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About Del Frisco’s Restaurant Group

Del Frisco's Restaurant Group, Inc develops, owns, and operates restaurants in the United States. It owns and operates restaurants under the Del Frisco's Double Eagle Steak House, Del Frisco's Grille, Barcelona Wine Bar, and bartaco brand names. The company offers steaks, as well as other menu selections, such as chops, fresh seafood, tapas, street food, and wines and cocktails.

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

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