Stifel Nicolaus Downgrades Del Frisco's Restaurant Group Inc to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on Del Frisco's Restaurant Group Inc(NASDAQ:DFRG). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Jul 26, 2016.

Del Frisco's Restaurant Group Inc (DFRG) made into the market gainers list on Fridays trading session with the shares advancing 1.63% or 0.24 points. Due to strong positive momentum, the stock ended at $14.92, which is also near the day’s high of $15.06. The stock began the session at $14.76 and the volume stood at 1,03,511 shares. The 52-week high of the shares is $17.15 and the 52 week low is $12.25. The company has a current market capitalization of $348 M and it has 2,33,52,814 shares in outstanding.

Del Frisco's Restaurant Group Inc(DFRG) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $79.92M. Analysts had an estimated revenue of $80.79M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.

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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