Del Frisco’s Restaurant Group (DFRG) Expected to Announce Earnings of $0.15 Per Share

Analysts expect that Del Frisco’s Restaurant Group (NASDAQ:DFRG) will report $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Del Frisco’s Restaurant Group’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.19. Del Frisco’s Restaurant Group also reported earnings of $0.15 per share in the same quarter last year. The firm is expected to announce its next quarterly earnings results on Friday, July 20th.

According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.68. For the next financial year, analysts forecast that the business will report earnings of $0.92 per share, with EPS estimates ranging from $0.82 to $1.05. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Del Frisco’s Restaurant Group.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last released its earnings results on Monday, May 7th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). The firm had revenue of $89.30 million during the quarter, compared to the consensus estimate of $86.96 million. Del Frisco’s Restaurant Group had a positive return on equity of 6.28% and a negative net margin of 3.92%.

A number of equities research analysts recently weighed in on DFRG shares. Zacks Investment Research lowered shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Bank of America upgraded shares of Del Frisco’s Restaurant Group to a “buy” rating in a report on Friday, March 2nd. BidaskClub lowered shares of Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Credit Suisse Group reiterated an “outperform” rating and set a $17.50 price objective (down previously from $20.00) on shares of Del Frisco’s Restaurant Group in a report on Tuesday, March 13th. Finally, Deutsche Bank upgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.50.

In other Del Frisco’s Restaurant Group news, Director Ian Russell Carter purchased 6,500 shares of Del Frisco’s Restaurant Group stock in a transaction dated Wednesday, May 9th. The stock was acquired at an average price of $15.48 per share, for a total transaction of $100,620.00. Following the acquisition, the director now owns 65,507 shares in the company, valued at approximately $1,014,048.36. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Juan Salas purchased 5,000 shares of Del Frisco’s Restaurant Group stock in a transaction dated Thursday, May 10th. The stock was acquired at an average price of $15.15 per share, with a total value of $75,750.00. Following the acquisition, the insider now owns 5,000 shares in the company, valued at approximately $75,750. The disclosure for this purchase can be found here. Insiders have purchased a total of 44,330 shares of company stock valued at $692,350 in the last quarter. 3.20% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new stake in shares of Del Frisco’s Restaurant Group in the 4th quarter valued at about $184,000. Mackay Shields LLC purchased a new position in shares of Del Frisco’s Restaurant Group in the 1st quarter worth approximately $191,000. Barclays PLC grew its position in shares of Del Frisco’s Restaurant Group by 361.7% in the 1st quarter. Barclays PLC now owns 20,774 shares of the restaurant operator’s stock worth $317,000 after buying an additional 16,275 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Del Frisco’s Restaurant Group in the 4th quarter worth approximately $543,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Del Frisco’s Restaurant Group in the 4th quarter worth approximately $561,000. Institutional investors and hedge funds own 99.44% of the company’s stock.

Shares of Del Frisco’s Restaurant Group traded up $0.05, hitting $13.65, during trading on Friday, MarketBeat.com reports. The stock had a trading volume of 801 shares, compared to its average volume of 288,165. The firm has a market capitalization of $284.26 million, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00. The company has a current ratio of 0.80, a quick ratio of 0.40 and a debt-to-equity ratio of 0.16. Del Frisco’s Restaurant Group has a 12 month low of $11.70 and a 12 month high of $18.85.

Del Frisco’s Restaurant Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 8th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Del Frisco’s Restaurant Group Company Profile

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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Earnings History and Estimates for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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