Media stories about Del Frisco’s Restaurant Group (NASDAQ:DFRG) have been trending positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Del Frisco’s Restaurant Group earned a daily sentiment score of 0.48 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 45.3376773711391 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of DFRG traded down $0.40 during mid-day trading on Friday, hitting $14.25. The company’s stock had a trading volume of 2,010 shares, compared to its average volume of 265,256. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.40. The stock has a market capitalization of $305.65 million, a P/E ratio of 19.27, a P/E/G ratio of 2.04 and a beta of 1.00. Del Frisco’s Restaurant Group has a 1-year low of $14.90 and a 1-year high of $14.90.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Monday, May 7th. The restaurant operator reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). The business had revenue of $89.30 million during the quarter, compared to analyst estimates of $86.96 million. Del Frisco’s Restaurant Group had a negative net margin of 3.92% and a positive return on equity of 6.28%. research analysts anticipate that Del Frisco’s Restaurant Group will post 0.67 EPS for the current year.
Del Frisco’s Restaurant Group announced that its board has approved a stock repurchase plan on Thursday, March 8th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms recently issued reports on DFRG. BidaskClub upgraded Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, April 6th. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Raymond James cut Del Frisco’s Restaurant Group from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research report on Tuesday, May 8th. Canaccord Genuity reaffirmed a “hold” rating and set a $16.00 price objective on shares of Del Frisco’s Restaurant Group in a research report on Friday, March 9th. Finally, Deutsche Bank raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Del Frisco’s Restaurant Group has an average rating of “Hold” and a consensus price target of $17.50.
In other news, CEO Norman J. Abdallah acquired 16,170 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Wednesday, May 9th. The stock was purchased at an average cost of $15.41 per share, with a total value of $249,179.70. Following the completion of the acquisition, the chief executive officer now owns 105,882 shares in the company, valued at approximately $1,631,641.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Norman J. Abdallah acquired 15,000 shares of Del Frisco’s Restaurant Group stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average cost of $16.13 per share, with a total value of $241,950.00. Following the completion of the acquisition, the chief executive officer now owns 67,712 shares of the company’s stock, valued at approximately $1,092,194.56. The disclosure for this purchase can be found here. Insiders bought a total of 44,330 shares of company stock valued at $692,350 over the last three months. Insiders own 3.20% of the company’s stock.
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, Sullivan's Steakhouse, and Del Frisco's Grille brand names. The company offers steaks, as well as other menu selections, such as chops and fresh seafood.
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