Del Frisco’s Restaurant Group (NASDAQ:DFRG) Downgraded by ValuEngine to “Hold”

Del Frisco’s Restaurant Group (NASDAQ:DFRG) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, February 4th.

Several other brokerages have also recently weighed in on DFRG. Zacks Investment Research upgraded 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 report on Monday, February 4th. Loop Capital assumed coverage on Del Frisco’s Restaurant Group in a research report on Friday, November 2nd. They set a “hold” rating and a $8.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Del Frisco’s Restaurant Group currently has a consensus rating of “Hold” and an average target price of $11.93.

Del Frisco’s Restaurant Group stock traded down $0.01 during midday trading on Monday, reaching $8.46. The stock had a trading volume of 238,565 shares, compared to its average volume of 414,895. Del Frisco’s Restaurant Group has a 12 month low of $5.86 and a 12 month high of $18.85. The stock has a market capitalization of $293.90 million, a P/E ratio of 11.28 and a beta of 0.86. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.38 and a current ratio of 0.65.

In related news, major shareholder Armistice Capital, Llc acquired 68,000 shares of the company’s stock in a transaction dated Wednesday, December 12th. The stock was purchased at an average price of $6.54 per share, with a total value of $444,720.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Armistice Capital Master Fund acquired 58,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were bought at an average cost of $6.85 per share, with a total value of $397,300.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,004,733 shares of company stock valued at $6,732,456. 3.20% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in Del Frisco’s Restaurant Group by 68.4% in the third quarter. Legal & General Group Plc now owns 4,974 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 2,020 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Del Frisco’s Restaurant Group by 257.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,212 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 6,632 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Del Frisco’s Restaurant Group in the fourth quarter worth $82,000. Menta Capital LLC bought a new position in Del Frisco’s Restaurant Group in the fourth quarter worth $98,000. Finally, Financial Architects Inc bought a new position in Del Frisco’s Restaurant Group in the fourth quarter worth $103,000. 90.92% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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