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

November 29, 2016 - By Ellis Scott

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

Del Frisco’s Restaurant (NASDAQ:DFRG) Upgrade

In a analysts report published on Tuesday morning, Credit Suisse upgraded shares of Del Frisco’s Restaurant (NASDAQ:DFRG) to a Outperform rating from Neutral rating.

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) Ratings Coverage

Out of 5 analysts covering Del Frisco’s Restaurant Group (NASDAQ:DFRG), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. $23 is the highest target while $17 is the lowest. The $19.25 average target is 13.57% above today’s ($16.95) stock price. Del Frisco’s Restaurant Group has been the topic of 7 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The rating was downgraded by Piper Jaffray on Monday, November 9 to “Neutral”. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, July 26. The rating was initiated by Wm Smith with “Not Rated” on Wednesday, October 5. Stifel Nicolaus maintained the shares of DFRG in a report on Tuesday, October 6 with “Buy” rating. The firm has “Equal-Weight” rating by Stephens given on Wednesday, November 16.

About 69,420 shares traded hands. Del Frisco’s Restaurant Group Inc (NASDAQ: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 earnings per share, down 5.56% or $0.02 from last year’s $0.36 per share. DFRG’s profit will be $7.81M for 12.46 P/E if the $0.34 EPS becomes a reality. After $0.04 actual earnings per share 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 dived, 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.

Bankshares Of America Corporation De accumulated 94,770 shares or 0% of the stock. Susquehanna Intll Gru Llp has 0% invested in the company for 20,691 shares. Blackrock Group Incorporated last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage Sa has 921 shares for 0% of their US portfolio. Legal General Group Public Limited owns 4,593 shares or 0% of their US portfolio. Alliancebernstein Limited Partnership holds 19,600 shares or 0% of its portfolio. Tower Limited Liability Corporation (Trc) accumulated 0% or 3,291 shares. Credit Suisse Ag owns 64,747 shares or 0% of their US portfolio. Citadel Advisors Ltd Llc has invested 0% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). Melvin Cap Management L P, a New York-based fund reported 1.83 million shares. Point72 Asset Mgmt Lp holds 0.02% or 215,000 shares in its portfolio. Wells Fargo & Mn owns 63,917 shares or 0% of their US portfolio. Geode Capital Mngmt Ltd Com owns 160,296 shares or 0% of their US portfolio. Swiss Fincl Bank last reported 0% of its portfolio in the stock. Goldman Sachs Gp last reported 55,570 shares in the company.

Del Frisco’s Restaurant Group, Inc. is engaged in developing, owning and operating restaurants. The company has a market cap of $389.27 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 21.53 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.

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