Del Frisco’s Restaurant Group Inc (DFRG) Expected to Post Earnings of -$0.26 Per Share

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Equities analysts expect Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) to announce earnings per share (EPS) of ($0.26) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Del Frisco’s Restaurant Group’s earnings, with the highest EPS estimate coming in at ($0.23) and the lowest estimate coming in at ($0.28). Del Frisco’s Restaurant Group posted earnings per share of ($0.03) in the same quarter last year, which suggests a negative year over year growth rate of 766.7%. The firm is expected to issue its next earnings report on Friday, October 12th.

According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.17 to $0.36. For the next year, analysts expect that the business will report earnings of $0.49 per share, with EPS estimates ranging from $0.05 to $1.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Del Frisco’s Restaurant Group.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last posted its quarterly earnings results on Friday, July 27th. The restaurant operator reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.11. Del Frisco’s Restaurant Group had a positive return on equity of 7.14% and a negative net margin of 4.81%. The firm had revenue of $90.04 million for the quarter, compared to the consensus estimate of $90.69 million.

A number of research firms recently weighed in on DFRG. BidaskClub downgraded Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. Zacks Investment Research downgraded Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. ValuEngine downgraded Del Frisco’s Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 10th. TheStreet downgraded Del Frisco’s Restaurant Group from a “c-” rating to a “d+” rating in a research note on Friday, August 10th. Finally, Canaccord Genuity decreased their price target on Del Frisco’s Restaurant Group from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.90.

In other news, CFO Neil H. Thomson bought 6,250 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were bought at an average cost of $8.00 per share, for a total transaction of $50,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas G. Dritsas bought 4,650 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were purchased at an average price of $8.91 per share, for a total transaction of $41,431.50. Following the completion of the transaction, the senior vice president now owns 771 shares of the company’s stock, valued at approximately $6,869.61. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 25,175 shares of company stock worth $206,661. 3.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. PEAK6 Investments L.P. purchased a new stake in Del Frisco’s Restaurant Group during the second quarter worth $138,000. MetLife Investment Advisors LLC acquired a new position in shares of Del Frisco’s Restaurant Group in the fourth quarter worth $184,000. Mackay Shields LLC acquired a new position in shares of Del Frisco’s Restaurant Group in the first quarter worth $191,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Del Frisco’s Restaurant Group in the first quarter worth $225,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Del Frisco’s Restaurant Group in the second quarter worth $227,000. Institutional investors own 60.27% of the company’s stock.

Shares of Del Frisco’s Restaurant Group stock traded down $0.10 during trading on Thursday, reaching $8.95. The company’s stock had a trading volume of 515,400 shares, compared to its average volume of 325,966. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.66 and a quick ratio of 0.32. Del Frisco’s Restaurant Group has a 12-month low of $7.90 and a 12-month high of $18.85. The company has a market cap of $298.92 million, a PE ratio of 11.96, a price-to-earnings-growth ratio of 3.57 and a beta of 0.88.

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

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