Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) Major Shareholder Armistice Capital Master Fund Acquires 65,000 Shares

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) major shareholder Armistice Capital Master Fund bought 65,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were acquired at an average price of $4.90 per share, with a total value of $318,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Armistice Capital Master Fund also recently made the following trade(s):

  • On Tuesday, June 4th, Armistice Capital Master Fund acquired 25,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $5.96 per share, with a total value of $149,000.00.
  • On Tuesday, May 14th, Armistice Capital Master Fund acquired 90,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $5.60 per share, with a total value of $504,000.00.
  • On Thursday, May 9th, Armistice Capital Master Fund acquired 265,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.09 per share, with a total value of $1,613,850.00.
  • On Wednesday, April 3rd, Armistice Capital Master Fund acquired 85,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.38 per share, with a total value of $542,300.00.
  • On Wednesday, March 27th, Armistice Capital Master Fund acquired 65,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.40 per share, with a total value of $416,000.00.
  • On Monday, March 25th, Armistice Capital Master Fund acquired 150,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.43 per share, with a total value of $964,500.00.
  • On Wednesday, March 20th, Armistice Capital Master Fund acquired 319,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $6.52 per share, with a total value of $2,079,880.00.
  • On Friday, March 15th, Armistice Capital Master Fund acquired 571,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $7.26 per share, with a total value of $4,145,460.00.
  • On Wednesday, March 6th, Armistice Capital Master Fund acquired 52,000 shares of Del Frisco’s Restaurant Group stock. The stock was purchased at an average price of $8.19 per share, with a total value of $425,880.00.

Del Frisco’s Restaurant Group stock traded up $0.14 during trading hours on Friday, reaching $6.73. The stock had a trading volume of 448,186 shares, compared to its average volume of 743,555. Del Frisco’s Restaurant Group Inc has a 52 week low of $4.61 and a 52 week high of $13.55. The company has a market capitalization of $220.24 million, a PE ratio of -37.39 and a beta of 0.68. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.21 and a current ratio of 0.43.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last issued its quarterly earnings results on Tuesday, May 7th. The restaurant operator reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.07. Del Frisco’s Restaurant Group had a negative return on equity of 1.15% and a negative net margin of 21.62%. The business had revenue of $120.38 million for the quarter, compared to analyst estimates of $121.65 million. On average, equities analysts predict that Del Frisco’s Restaurant Group Inc will post -0.2 earnings per share for the current fiscal year.

A number of brokerages have commented on DFRG. Zacks Investment Research upgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Tuesday, April 16th. ValuEngine upgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. began coverage on shares of Del Frisco’s Restaurant Group in a report on Friday, February 15th. They issued a “neutral” rating and a $9.00 target price for the company. Finally, BidaskClub downgraded shares of Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.70.

Several hedge funds have recently modified their holdings of DFRG. Legal & General Group Plc grew its stake in shares of Del Frisco’s Restaurant Group by 68.4% during the third quarter. Legal & General Group Plc now owns 4,974 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 2,020 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Del Frisco’s Restaurant Group by 398.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,917 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 5,529 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Del Frisco’s Restaurant Group by 257.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,212 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 6,632 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the fourth quarter worth about $82,000. Finally, Menta Capital LLC purchased a new stake in shares of Del Frisco’s Restaurant Group during the fourth quarter worth about $98,000.

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Del Frisco’s Restaurant Group Company Profile

Del Frisco's Restaurant Group, Inc develops, owns, and operates restaurants in the United States. It owns and operates restaurants under the Del Frisco's Double Eagle Steak House, Del Frisco's Grille, Barcelona Wine Bar, and bartaco brand names. The company offers steaks, as well as other menu selections, such as chops, fresh seafood, tapas, street food, and wines and cocktails.

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Insider Buying and Selling by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

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