Today’s Rating On Watch: Del Frisco's Restaurant Group (NASDAQ:DFRG) Gets Better Rating From Credit Suisse. What Is The Stock Target?

November 29, 2016 - By Vivian Park

Today's Rating On Watch:  Del Frisco's Restaurant Group (NASDAQ:DFRG) Gets Better Rating From Credit Suisse. What Is The Stock Target?

Del Frisco's Restaurant Group (NASDAQ:DFRG) Upgrade

In an analyst report issued to clients today, Credit Suisse upgraded shares of Del Frisco's Restaurant Group (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 14.93% above today’s ($16.75) stock price. Del Frisco’s Restaurant Group has been the topic of 7 analyst reports since September 14, 2015 according to StockzIntelligence Inc. On Monday, November 9 the stock rating was downgraded by Piper Jaffray to “Neutral”. The stock of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) has “Buy” rating given on Tuesday, October 6 by Stifel Nicolaus. The firm earned “Not Rated” rating on Wednesday, October 5 by Wm Smith. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, July 26 report. The firm earned “Equal-Weight” rating on Wednesday, November 16 by Stephens.

About 125,316 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 EPS, down 5.56% or $0.02 from last year’s $0.36 per share. DFRG’s profit will be $7.81M for 12.32 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 turned negative, 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.

Tower Capital Limited Com (Trc) owns 3,291 shares or 0% of their US portfolio. Cornerstone Capital Management Limited Liability last reported 0% of its portfolio in the stock. Barclays Public Ltd Company holds 0% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) for 1,328 shares. Moreover, Spot Trading Ltd has 0% invested in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) for 9,600 shares. Bank & Trust Of America De has 0% invested in the company for 94,770 shares. The California-based California State Teachers Retirement Sys has invested 0% in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). Credit Suisse Ag holds 0% or 64,747 shares in its portfolio. Blackrock Fund Advsrs last reported 610,245 shares in the company. Geode Cap Management Llc owns 160,296 shares or 0% of their US portfolio. Point72 Asset Management Limited Partnership has 0.02% invested in the company for 215,000 shares. Archon Cap Management Ltd Liability Corp, a Washington-based fund reported 105,000 shares. Price T Rowe Associate Md holds 148,374 shares or 0% of its portfolio. Nokomis Ltd Com accumulated 176,179 shares or 0.53% of the stock. Wedge Cap Mgmt L L P Nc last reported 828,287 shares in the company. Northern Corp has 0% invested in the company for 432,839 shares.

Del Frisco’s Restaurant Group, Inc. is engaged in developing, owning and operating restaurants. The company has a market cap of $384.68 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 21.28 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: Reuters.com which released: “Engine Capital seeks sale of Del Frisco’s steakhouse chain: sources” on November 22, 2016, also Reuters.com with their article: “BRIEF-Del Frisco’s Restaurant Group reports names Norman Abdallah as CEO” published on November 21, 2016, Nasdaq.com published: “Del Frisco’s Restaurant (DFRG) Enters Overbought Territory” on November 29, 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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