Del Frisco's Restaurant Group Inc (DFRG) is Downgraded by Stifel to Hold

Del Frisco's Restaurant Group Inc (DFRG) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Jul 26, 2016.

On the company’s financial health, Del Frisco's Restaurant Group Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.18. The company had revenue of $79.90 million for the quarter, compared to analysts expectations of $80.59 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Del Frisco's Restaurant Group Inc closed down -0.09 points or -0.61% at $14.63 with 1,63,867 shares getting traded on Wednesday. Post opening the session at $14.75, the shares hit an intraday low of $14.58 and an intraday high of $14.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 11, 2015, Norman J Abdallah (director) purchased 3,500 shares at $15.30 per share price. According to the SEC, on Aug 10, 2015, David B Barr (director) purchased 3,500 shares at $15.15 per share price. On Jul 31, 2015, William Jr Lamar (director) purchased 3,350 shares at $15.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Del Frisco’s Restaurant Group Inc. is a holding company. The Company develops owns and operates three contemporary complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s) Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille or the Grille. The Company’s segments include Del Frisco’s Sullivan’s and Grille. It operates approximately 46 restaurants in over 20 states and the District of Columbia. Each of its three restaurant concepts offers steaks as well as other menu selections such as chops and fresh seafood. Its Del Frisco’s menu includes USDA Prime grade wet-aged steaks hand-cut at the time of order and a range of other offerings including prime lamb fresh seafood and signature side dishes and desserts. Its Sullivan’s brand offers open kitchen live music and a bar area for social gathering and entertainment. Its Del Frisco’s Grille’s menu offers a range of Del Frisco’s prime aged steaks other menu items and a selection of wines.

Del Frisco's Restaurant Group Inc

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