Del Frisco's Restaurant Group Inc (DFRG) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Del Frisco's Restaurant Group Inc (DFRG) announced its most recent quarterly financial results on Friday, Oct-14-2016. DFRG reported $0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.05. The company posted revenue of $71.40 million in the period, compared to analysts expectations of $72.69 million. DFRG’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on Del Frisco's Restaurant Group Inc. Wm Smith Initiated Del Frisco's Restaurant Group Inc on Oct 5, 2016 to “Not Rated”, Price Target of the shares are set at $19.Del Frisco's Restaurant Group Inc was Downgraded by Stifel to ” Hold” on Jul 26, 2016.

Del Frisco's Restaurant Group Inc closed down -0.13 points or -0.97% at $13.29 with 1,76,889 shares getting traded on Tuesday. Post opening the session at $13.44, the shares hit an intraday low of $13.28 and an intraday high of $13.48 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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