Dimensional Fund Advisors LP increased its position in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,637,074 shares of the restaurant operator’s stock after purchasing an additional 44,119 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.91% of Del Frisco’s Restaurant Group worth $11,705,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Verity Asset Management Inc. grew its holdings in shares of Del Frisco’s Restaurant Group by 72.6% during the 4th quarter. Verity Asset Management Inc. now owns 43,168 shares of the restaurant operator’s stock worth $309,000 after purchasing an additional 18,163 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Del Frisco’s Restaurant Group by 101.7% during the 4th quarter. Citigroup Inc. now owns 17,989 shares of the restaurant operator’s stock worth $129,000 after purchasing an additional 9,072 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Del Frisco’s Restaurant Group by 5.3% during the 4th quarter. BlackRock Inc. now owns 2,292,283 shares of the restaurant operator’s stock worth $16,391,000 after purchasing an additional 116,159 shares in the last quarter. Caz Investments LP grew its holdings in shares of Del Frisco’s Restaurant Group by 1,064.5% during the 4th quarter. Caz Investments LP now owns 102,477 shares of the restaurant operator’s stock worth $733,000 after purchasing an additional 93,677 shares in the last quarter. Finally, Financial Architects Inc acquired a new stake in shares of Del Frisco’s Restaurant Group during the 4th quarter worth $103,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.

Shares of DFRG stock opened at $7.09 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 1.56. Del Frisco’s Restaurant Group Inc has a twelve month low of $5.86 and a twelve month high of $17.00. The firm has a market cap of $236.51 million, a P/E ratio of -39.39 and a beta of 0.78.

Del Frisco’s Restaurant Group (NASDAQ:DFRG) last announced its quarterly earnings data on Tuesday, March 12th. The restaurant operator reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.04. Del Frisco’s Restaurant Group had a positive return on equity of 1.50% and a negative net margin of 18.68%. The business had revenue of $123.85 million during the quarter, compared to the consensus estimate of $125.63 million. On average, research analysts expect that Del Frisco’s Restaurant Group Inc will post -0.21 earnings per share for the current fiscal year.

In other Del Frisco’s Restaurant Group news, major shareholder Armistice Capital Master Fund acquired 52,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $8.19 per share, for a total transaction of $425,880.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Armistice Capital, Llc acquired 33,780 shares of the company’s stock in a transaction that occurred on Friday, January 25th. The shares were acquired at an average price of $7.94 per share, with a total value of $268,213.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,447,221 shares of company stock valued at $10,078,308. 3.20% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on DFRG shares. Zacks Investment Research raised Del Frisco’s Restaurant Group from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Monday, February 4th. BidaskClub lowered Del Frisco’s Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. started coverage on Del Frisco’s Restaurant Group in a report on Friday, February 15th. They set a “neutral” rating and a $9.00 target price on the stock. Finally, ValuEngine lowered Del Frisco’s Restaurant Group from a “buy” rating to a “hold” rating in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.75.

ILLEGAL ACTIVITY NOTICE: “Dimensional Fund Advisors LP Increases Position in Del Frisco’s Restaurant Group Inc (DFRG)” was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://theolympiareport.com/2019/04/20/dimensional-fund-advisors-lp-increases-position-in-del-friscos-restaurant-group-inc-dfrg.html.

About Del Frisco’s Restaurant Group

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.

Featured Story: How is inflation measured?

Want to see what other hedge funds are holding DFRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG).

Institutional Ownership by Quarter for Del Frisco`s Restaurant Group (NASDAQ:DFRG)

Receive News & Ratings for Del Frisco's Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Frisco's Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.