Revenue Update on Del Frisco's Restaurant Group Inc(NASDAQ:DFRG)

Del Frisco's Restaurant Group Inc(NASDAQ:DFRG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $79.92M. Analysts estimated a revenue of $80.79M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.

Del Frisco's Restaurant Group Inc (DFRG) shares turned negative on Wednesdays trading session with the shares closing down -0.09 points or -0.61% at a volume of 1,63,867. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.86. The peak price level was also seen at $14.86 while the days lowest was $14.58. Finally the shares closed at $14.63. The 52-week high of the shares is $17.43 while the 52-week low is $12.25. According to the latest information available, the market cap of the company is $344 M.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2015, Norman J Abdallah (director) purchased 3,500 shares at $15.30 per share price.Also, 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.

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