Price Action To Observe: Is Del Frisco’s Restaurant Group Inc a Buy? The Stock Reaches 52-Week High Today

Price Action To Observe: Is Del Frisco's Restaurant Group Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) hit a new 52-week high and has $17.21 target or 3.00% above today’s $16.71 share price. The 6 months bullish chart indicates low risk for the $383.76 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $17.21 price target is reached, the company will be worth $11.51 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 115,905 shares traded hands. Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) has risen 1.24% since April 26, 2016 and is uptrending. It has underperformed by 4.02% 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 12.29 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.

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. Del Frisco’s Restaurant Group has been the topic of 8 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The stock has “Not Rated” rating given by Wm Smith on Wednesday, October 5. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, October 6. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, November 29. The rating was downgraded by Piper Jaffray on Monday, November 9 to “Neutral”. Stifel Nicolaus downgraded the shares of DFRG in a report on Tuesday, July 26 to “Hold” rating. The rating was downgraded by Stephens to “Equal-Weight” on Wednesday, November 16.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.16, from 1.09 in 2016Q1. The ratio worsened, 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.
Pub Employees Retirement Association Of Colorado has invested 0.01% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). D E Shaw has 199,247 shares for 0.01% of their US portfolio. Spot Trading Ltd Llc has 9,600 shares for 0% of their US portfolio. First Advsr Limited Partnership has 0% invested in the company for 12,139 shares. Stoneridge Investment Llc reported 21,270 shares or 0.05% of all its holdings. Melvin Cap Mgmt Limited Partnership accumulated 1.83 million shares or 0.84% of the stock. Jpmorgan Chase owns 13,329 shares or 0% of their US portfolio. Great West Life Assurance Can has invested 0% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). Fuller Thaler Asset owns 184,300 shares or 0.05% of their US portfolio. Loomis Sayles & Lp last reported 306,964 shares in the company. Deutsche Retail Bank Ag last reported 0% of its portfolio in the stock. Arrowpoint Asset Mgmt Ltd Com accumulated 304,408 shares or 0.09% of the stock. Susquehanna Gp Ltd Liability Partnership owns 20,691 shares or 0% of their US portfolio. Foundry Partners Ltd Limited Liability Company last reported 0.11% of its portfolio in the stock. Mcclain Value Mgmt Ltd Liability Com owns 74,282 shares or 0.91% of their US portfolio.

More notable recent Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) news were published by: Nasdaq.com which released: “Del Frisco’s Restaurant Group Announces Key Promotions” on November 29, 2016, also Reuters.com with their article: “Engine Capital seeks sale of Del Frisco’s steakhouse chain: sources” published on November 22, 2016, Reuters.com published: “BRIEF-Del Frisco’s Restaurant Group reports names Norman Abdallah as CEO” on November 21, 2016. More interesting news about Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) were released by: Globenewswire.com and their article: “Del Frisco’s Restaurant Group, Inc. Announces Third Quarter 2016 Results” published on October 14, 2016 as well as Nasdaq.com‘s news article titled: “Del Frisco’s Restaurant (DFRG) Enters Overbought Territory” with publication date: November 29, 2016.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment