Equities research analysts expect that Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) will announce sales of $132.36 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Del Frisco’s Restaurant Group’s earnings, with the lowest sales estimate coming in at $131.44 million and the highest estimate coming in at $133.29 million. Del Frisco’s Restaurant Group reported sales of $90.04 million during the same quarter last year, which would suggest a positive year over year growth rate of 47%. The business is expected to report its next quarterly earnings report on Friday, July 26th.
According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full year sales of $521.94 million for the current financial year, with estimates ranging from $521.30 million to $522.58 million. For the next financial year, analysts forecast that the business will report sales of $562.19 million, with estimates ranging from $556.84 million to $567.53 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Del Frisco’s Restaurant Group.
Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Tuesday, May 7th. The restaurant operator reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.07. Del Frisco’s Restaurant Group had a negative net margin of 21.62% and a negative return on equity of 1.15%. The company had revenue of $120.38 million during the quarter, compared to the consensus estimate of $121.65 million.
A number of brokerages have weighed in on DFRG. JPMorgan Chase & Co. reissued an “overweight” rating on shares of in a report on Friday, June 28th. BidaskClub downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded Verso from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Finally, Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.80.
In other Del Frisco’s Restaurant Group news, major shareholder Armistice Capital Master Fund bought 265,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were bought at an average price of $6.09 per share, for a total transaction of $1,613,850.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Armistice Capital, Llc bought 30,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was acquired at an average price of $6.73 per share, for a total transaction of $201,900.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 655,000 shares of company stock worth $3,931,850. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of DFRG. Syquant Capital Sas acquired a new stake in Del Frisco’s Restaurant Group in the 2nd quarter valued at approximately $1,568,000. Eidelman Virant Capital acquired a new stake in Del Frisco’s Restaurant Group in the 1st quarter valued at approximately $224,000. Ironwood Investment Management LLC raised its position in Del Frisco’s Restaurant Group by 9.8% in the 1st quarter. Ironwood Investment Management LLC now owns 23,664 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 2,111 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Del Frisco’s Restaurant Group in the 1st quarter valued at approximately $235,000. Finally, BNP Paribas Arbitrage SA raised its position in Del Frisco’s Restaurant Group by 398.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,917 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 5,529 shares during the last quarter.
NASDAQ DFRG traded down $0.02 on Thursday, reaching $7.91. The company’s stock had a trading volume of 144,953 shares, compared to its average volume of 1,050,332. Del Frisco’s Restaurant Group has a twelve month low of $4.61 and a twelve month high of $12.45. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $264.99 million, a PE ratio of -44.00 and a beta of 0.79. The business has a 50 day moving average price of $7.10.
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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