Rating Alert: Del Frisco’s Restaurant Group (NASDAQ:DFRG) Was Upgraded by Credit Suisse

November 30, 2016 - By Ruchi Gupta

Rating Alert:  Del Frisco's Restaurant Group (NASDAQ:DFRG) Was Upgraded by Credit Suisse

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

Del Frisco’s Restaurant Group (NASDAQ:DFRG) was boosted by stock research analysts at Credit Suisse from a Neutral rating to Outperform rating in a a research report issued to investors and clients on Tuesday morning.

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

Out of 6 analysts covering Del Frisco’s Restaurant Group (NASDAQ:DFRG), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. $23 is the highest target while $17 is the lowest. The $19.25 average target is 15.27% above today’s ($16.7) stock price. Del Frisco’s Restaurant Group has been the topic of 8 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The stock of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) earned “Buy” rating by Stifel Nicolaus on Tuesday, October 6. The stock has “Outperform” rating given by Credit Suisse on Tuesday, November 29. The firm has “Not Rated” rating by Wm Smith given on Wednesday, October 5. Stephens downgraded the shares of DFRG in a report on Wednesday, November 16 to “Equal-Weight” rating. On Tuesday, July 26 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The company was downgraded on Monday, November 9 by Piper Jaffray.

The stock increased 2.14% or $0.35 during the last trading session, hitting $16.7. Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) has risen 4.11% since April 27, 2016 and is uptrending. It has underperformed by 1.11% 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 $7.81 million for 12.28 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 2016 Q2. 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.

Moreover, Gp One Trading L P has 0% invested in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) for 4,200 shares. State Common Retirement Fund holds 31,837 shares or 0% of its portfolio. Andalusian Cap Lp has 13,938 shares for 0.44% of their US portfolio. Spot Trading Limited Liability Co, a Illinois-based fund reported 9,600 shares. Tudor Investment Corporation Et Al last reported 0.01% of its portfolio in the stock. Ancora Advsrs Ltd holds 0.11% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) for 68,838 shares. Stanley has 13,631 shares for 0.08% of their US portfolio. Manufacturers Life Insurance The reported 182,247 shares or 0% of all its holdings. Peak6 Investments Limited Partnership last reported 19,438 shares in the company. Blackrock holds 0% or 4,775 shares in its portfolio. Rhumbline Advisers last reported 26,561 shares in the company. Oxford Asset Mgmt last reported 0.04% of its portfolio in the stock. Art Advsr Lc reported 31,937 shares or 0.02% of all its holdings. Macquarie Ltd holds 0.03% or 1.05M shares in its portfolio. Geode Capital Mgmt has invested 0% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG).

Del Frisco’s Restaurant Group, Inc. is engaged in developing, owning and operating restaurants. The company has a market cap of $383.53 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 21.22 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 important 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 published article titled: “BRIEF-Del Frisco’s Restaurant Group reports names Norman Abdallah as CEO”, Globenewswire.com published: “Del Frisco’s Restaurant Group, Inc. Announces Third Quarter 2016 Results” on October 14, 2016. More interesting news about Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) was released by: Globenewswire.com and their article: “Del Frisco’s Restaurant Group, Inc. Announces First Quarter 2016 Results” with publication date: April 26, 2016.

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