Del Frisco’s Restaurant Group (DFRG) Expected to Announce Earnings of $0.19 Per Share

Equities research analysts expect that Del Frisco’s Restaurant Group (NASDAQ:DFRG) will post earnings per share (EPS) of $0.19 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Del Frisco’s Restaurant Group’s earnings, with estimates ranging from $0.16 to $0.22. Del Frisco’s Restaurant Group reported earnings of $0.20 per share in the same quarter last year, which would suggest a negative year over year growth rate of 5%. The business is scheduled to announce its next earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.66 to $0.89. For the next financial year, analysts expect that the firm will report earnings of $0.96 per share, with EPS estimates ranging from $0.92 to $1.05. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Del Frisco’s Restaurant Group.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its earnings results on Thursday, March 8th. The restaurant operator reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Del Frisco’s Restaurant Group had a negative net margin of 3.17% and a positive return on equity of 7.21%. The firm had revenue of $121.89 million for the quarter, compared to analyst estimates of $123.12 million. During the same period in the previous year, the company earned $0.37 EPS. Del Frisco’s Restaurant Group’s revenue was up 2.3% compared to the same quarter last year.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Monday, February 5th. BidaskClub raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Bank of America raised Del Frisco’s Restaurant Group to a “buy” rating in a report on Friday, March 2nd. Deutsche Bank raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $17.50 price target (down previously from $20.00) on shares of Del Frisco’s Restaurant Group in a report on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Del Frisco’s Restaurant Group presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Shares of Del Frisco’s Restaurant Group stock remained flat at $$15.25 during mid-day trading on Wednesday. The company’s stock had a trading volume of 234,701 shares, compared to its average volume of 273,877. Del Frisco’s Restaurant Group has a fifty-two week low of $11.70 and a fifty-two week high of $18.85. The company has a quick ratio of 0.37, a current ratio of 0.71 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $310.23, a PE ratio of 21.48, a P/E/G ratio of 2.04 and a beta of 1.01.

Del Frisco’s Restaurant Group announced that its board has approved a stock repurchase plan on Thursday, March 8th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

In related news, CEO Norman J. Abdallah purchased 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was purchased at an average price of $16.13 per share, with a total value of $241,950.00. Following the completion of the acquisition, the chief executive officer now owns 67,712 shares in the company, valued at $1,092,194.56. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its position in Del Frisco’s Restaurant Group by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 79,916 shares of the restaurant operator’s stock worth $1,163,000 after acquiring an additional 4,021 shares during the period. Bank of New York Mellon Corp grew its position in Del Frisco’s Restaurant Group by 6.1% in the third quarter. Bank of New York Mellon Corp now owns 165,249 shares of the restaurant operator’s stock worth $2,405,000 after acquiring an additional 9,445 shares during the period. Penn Capital Management Co. Inc. grew its position in Del Frisco’s Restaurant Group by 3.9% in the fourth quarter. Penn Capital Management Co. Inc. now owns 285,537 shares of the restaurant operator’s stock worth $4,354,000 after acquiring an additional 10,694 shares during the period. Comerica Bank grew its position in Del Frisco’s Restaurant Group by 12.8% in the third quarter. Comerica Bank now owns 103,368 shares of the restaurant operator’s stock worth $1,452,000 after acquiring an additional 11,700 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new position in Del Frisco’s Restaurant Group in the fourth quarter worth approximately $184,000. Institutional investors own 86.58% of the company’s stock.

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Del Frisco’s Restaurant Group Company Profile

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, Sullivan's Steakhouse, and Del Frisco's Grille brand names. The company offers steaks, as well as other menu selections, such as chops and fresh seafood.

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Earnings History and Estimates for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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