Rating Coverage: Credit Suisse Says Its Time To Upgrade Del Frisco’s Restaurant (DFRG)

November 29, 2016 - By Louis Casey

Rating Coverage:  Credit Suisse Says Its Time To Upgrade Del Frisco's Restaurant (DFRG)

Del Frisco’s Restaurant (DFRG) Upgrade

Credit Suisse gave Del Frisco’s Restaurant (DFRG) shares a new “Outperform” rating in a an analyst report issued to clients and investors on Tuesday morning. This is upgrade from the last “Neutral” rating.

About 100,564 shares traded hands. Del Frisco’s Restaurant Group Inc (DFRG) has risen 1.24% since April 26, 2016 and is uptrending. It has underperformed by 4.02% the S&P500.

Analysts await Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) to report earnings on March, 7. They expect $0.34 EPS, down 5.56% or $0.02 from last year’s $0.36 per share. DFRG’s profit will be $7.81M for 12.39 P/E if the $0.34 EPS becomes a reality. After $0.04 actual EPS reported by Del Frisco’s Restaurant Group Inc for the previous quarter, Wall Street now forecasts 750.00% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.16, from 1.09 in 2016Q1. The ratio worsened, as 14 funds sold all Del Frisco’s Restaurant Group Inc shares owned while 39 reduced positions. 10 funds bought stakes while 48 increased positions. They now own 19.95 million shares or 3.86% less from 20.75 million shares in 2016Q1.

Stoneridge Invest Partners Lc has 0.05% invested in the company for 21,270 shares. Loomis Sayles And L P holds 0.01% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) for 306,964 shares. Renaissance Technology Ltd has 0% invested in the company for 67,200 shares. Gsa Cap Prtn Limited Liability Partnership last reported 0.04% of its portfolio in the stock. Moreover, Tiaa Cref Invest Ltd Limited Liability Company has 0% invested in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) for 93,335 shares. Credit Suisse Ag has invested 0% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). Prospector Ptnrs last reported 0.44% of its portfolio in the stock. Price T Rowe Assoc Inc Md reported 148,374 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa reported 921 shares or 0% of all its holdings. Arrowstreet Lp holds 0% or 75,087 shares in its portfolio. Kempen Cap Mgmt Nv accumulated 40,242 shares or 0.07% of the stock. Invesco has invested 0% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). Ancora Lc holds 0.11% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) for 68,838 shares. Wells Fargo & Mn last reported 63,917 shares in the company. Landscape Mgmt Ltd Llc holds 0.08% or 40,162 shares in its portfolio.

Del Frisco’s Restaurant Group, Inc. is engaged in developing, owning and operating restaurants. The company has a market cap of $386.98 million. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House , Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). It has a 21.41 P/E ratio. The Company’s operating divisions are Del Frisco’s, Sullivan’s and Del Frisco’s Grille.

According to Zacks Investment Research, “Del Frisco’s Restaurant Group, LLC develops, owns and operates three contemporary, complementary restaurant concepts: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. The restaurants offer selections that include steaks, lobster tails, lamb chops and fresh seafood, as well as an extensive wine selection. Del Frisco’s Restaurant Group, LLC is headquartered in Wichita, Kansas.”

DFRG Company Profile

Del Frisco’s Restaurant Group, Inc., incorporated on June 30, 2006, is engaged in developing, owning and operating restaurants. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). The Company’s operating divisions are Del Frisco’s, Sullivan’s and Del Frisco’s Grille. The Firm operates approximately 50 restaurants in 20 states and the District of Columbia.

More notable recent Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) news were published by: Nasdaq.com which released: “Del Frisco’s Restaurant Group Announces Key Promotions” on November 29, 2016, also Reuters.com with their article: “Engine Capital seeks sale of Del Frisco’s steakhouse chain: sources” published on November 22, 2016, Reuters.com published: “BRIEF-Del Frisco’s Restaurant Group reports names Norman Abdallah as CEO” on November 21, 2016. More interesting news about Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) were released by: Globenewswire.com and their article: “Del Frisco’s Restaurant Group, Inc. Announces Third Quarter 2016 Results” published on October 14, 2016 as well as Globenewswire.com‘s news article titled: “Del Frisco’s Restaurant Group, Inc. Announces First Quarter 2016 Results” with publication date: April 26, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>