$90.69 Million in Sales Expected for Del Frisco’s Restaurant Group Inc (DFRG) This Quarter

Equities research analysts expect Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) to report sales of $90.69 million for the current quarter, according to Zacks. Three analysts have issued estimates for Del Frisco’s Restaurant Group’s earnings, with estimates ranging from $89.87 million to $91.80 million. Del Frisco’s Restaurant Group reported sales of $82.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The company is expected to issue its next quarterly earnings report on Friday, July 20th.

According to Zacks, analysts expect that Del Frisco’s Restaurant Group will report full-year sales of $375.40 million for the current year, with estimates ranging from $369.05 million to $383.75 million. For the next fiscal year, analysts expect that the firm will post sales of $447.20 million per share, with estimates ranging from $425.94 million to $464.96 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Del Frisco’s Restaurant Group.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings data on Monday, May 7th. The restaurant operator reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). The company had revenue of $89.30 million during the quarter, compared to analyst estimates of $86.96 million. Del Frisco’s Restaurant Group had a negative net margin of 3.92% and a positive return on equity of 6.28%.

Several brokerages have weighed in on DFRG. 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. BidaskClub raised Del Frisco’s Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, April 6th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $17.50 price objective (down from $20.00) on shares of Del Frisco’s Restaurant Group in a report on Tuesday, March 13th. Finally, Zacks Investment Research cut Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $17.50.

Shares of NASDAQ DFRG opened at $13.45 on Friday. The firm has a market capitalization of $263.88 million, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.77 and a beta of 0.93. The company has a quick ratio of 0.40, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Del Frisco’s Restaurant Group has a fifty-two week low of $11.70 and a fifty-two week high of $18.85.

Del Frisco’s Restaurant Group declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 8th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

In other Del Frisco’s Restaurant Group news, insider Juan Salas purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, May 10th. The shares were bought at an average price of $15.15 per share, for a total transaction of $75,750.00. Following the purchase, the insider now owns 5,000 shares in the company, valued at approximately $75,750. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ian Russell Carter purchased 6,500 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The stock was acquired at an average price of $15.48 per share, for a total transaction of $100,620.00. Following the purchase, the director now owns 65,507 shares in the company, valued at approximately $1,014,048.36. The disclosure for this purchase can be found here. In the last quarter, insiders bought 29,330 shares of company stock worth $450,400. Corporate insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new position in shares of Del Frisco’s Restaurant Group in the 4th quarter valued at $184,000. Mackay Shields LLC bought a new position in shares of Del Frisco’s Restaurant Group in the 1st quarter valued at $191,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Del Frisco’s Restaurant Group in the 1st quarter valued at $225,000. Barclays PLC grew its position in Del Frisco’s Restaurant Group by 361.7% during the 1st quarter. Barclays PLC now owns 20,774 shares of the restaurant operator’s stock worth $317,000 after acquiring an additional 16,275 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Del Frisco’s Restaurant Group during the 4th quarter worth $543,000. Institutional investors own 99.50% of the company’s stock.

About Del Frisco’s Restaurant Group

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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