A Director at Del Frisco (NASDAQ: DFRG) is Buying SharesBy Carrie Williams
This recent transaction increases Norman Abdallah’s holding in the company by 84.98% to a total of $124.5K. Following Norman Abdallah’s last DFRG Buy transaction on April 05, 2016, the stock climbed by 1.3%.
Based on Del Frisco’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $71.41 million and quarterly net profit of $786K. In comparison, last year the company earned revenue of $68.63 million and had a GAAP net loss of $1.04 million. DFRG’s market cap is $401.7M and the company has a P/E ratio of 21.90. The company has a one year high of $17.70 and a one year low of $13.01.
Seven different firms, including Credit Suisse and Deutsche Bank, currently also have a Buy rating on the stock.
The insider sentiment on Del Frisco has been positive according to 29 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Del Frisco’s Restaurant Group, Inc. develops, owns and operates three contemporary, high-end, complementary restaurants: Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse and Del Frisco’s Grille. These three concepts offer steaks as well as other menu selections, such as chops and fresh seafood. Del Frisco’s Double Eagle Steak House includes USDA Prime grade, wet-aged steaks hand-cut at the time of order and a range of other high-quality offerings, including prime lamb, fresh seafood, and signature side dishes and desserts. Sullivan’s Steakhouse is defined by a fine dining experience at a more accessible price point, along with a vibrant atmosphere created by an open kitchen and live music. Del Frisco’s Grille is designed to take advantage of the positioning of the Del Frisco’s brand and to provide greater potential for expansion due to its smaller size, lower build out cost and more diverse menu. The company was founded on June 30, 2006 and is headquartered in Southlake, TX.