Analysts Expect Del Frisco's Restaurant Group Inc (DFRG) to Post $0.41 EPS

Analysts expect Del Frisco's Restaurant Group Inc (NASDAQ:DFRG) to announce $0.41 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Del Frisco's Restaurant Group’s earnings, with estimates ranging from $0.41 to $0.42. Del Frisco's Restaurant Group reported earnings of $0.37 per share during the same quarter last year, which would indicate a positive year over year growth rate of 10.8%. The firm is expected to issue its next earnings results on Friday, February 23rd.

On average, analysts expect that Del Frisco's Restaurant Group will report full-year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.72 to $0.76. For the next fiscal year, analysts forecast that the company will post earnings of $0.79 per share, with EPS estimates ranging from $0.76 to $0.84. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Del Frisco's Restaurant Group.

Del Frisco's Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings data on Friday, October 13th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Del Frisco's Restaurant Group had a return on equity of 6.94% and a net margin of 3.00%. The company had revenue of $73.30 million during the quarter, compared to the consensus estimate of $73.58 million. During the same quarter last year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis.

A number of research analysts recently commented on DFRG shares. Zacks Investment Research upgraded shares of Del Frisco's Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Canaccord Genuity restated a “hold” rating and set a $16.00 target price on shares of Del Frisco's Restaurant Group in a research report on Sunday, October 1st. Credit Suisse Group decreased their target price 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 report on Wednesday, October 18th. Finally, Raymond James Financial set a $16.00 target price on shares of Del Frisco's Restaurant Group and gave the stock a “hold” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.00.

In other news, Director Ian Russell Carter purchased 8,900 shares of Del Frisco's Restaurant Group stock in a transaction that occurred on Tuesday, October 17th. The shares were acquired at an average price of $12.70 per share, for a total transaction of $113,030.00. Following the transaction, the director now owns 47,239 shares of the company’s stock, valued at approximately $599,935.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 11,000 shares of company stock worth $139,796 in the last quarter. 2.70% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Del Frisco's Restaurant Group by 10.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,744,814 shares of the restaurant operator’s stock valued at $25,387,000 after acquiring an additional 159,038 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Del Frisco's Restaurant Group by 21.8% during the second quarter. Macquarie Group Ltd. now owns 1,666,193 shares of the restaurant operator’s stock valued at $26,826,000 after acquiring an additional 298,294 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Del Frisco's Restaurant Group by 95.2% during the third quarter. Janus Henderson Group PLC now owns 1,645,901 shares of the restaurant operator’s stock valued at $23,948,000 after acquiring an additional 802,824 shares during the last quarter. Vanguard Group Inc. raised its stake in Del Frisco's Restaurant Group by 4.4% during the second quarter. Vanguard Group Inc. now owns 999,420 shares of the restaurant operator’s stock worth $16,091,000 after buying an additional 41,946 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Del Frisco's Restaurant Group by 11.5% during the third quarter. Wedge Capital Management L L P NC now owns 924,850 shares of the restaurant operator’s stock worth $13,457,000 after buying an additional 95,729 shares during the last quarter. 96.32% of the stock is owned by institutional investors and hedge funds.

Shares of Del Frisco's Restaurant Group (NASDAQ:DFRG) traded down $0.15 during mid-day trading on Tuesday, hitting $15.25. 140,800 shares of the stock traded hands, compared to its average volume of 199,433. The firm has a market cap of $323.59, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 1.89 and a beta of 0.79. The company has a quick ratio of 0.33, a current ratio of 0.76 and a debt-to-equity ratio of 0.19. Del Frisco's Restaurant Group has a one year low of $11.70 and a one year high of $18.80.

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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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