The SVP, Culinary & Exec. Chef of Del Frisco (NASDAQ: DFRG) is Buying Shares

By Carrie Williams

Today, the SVP, Culinary & Exec. Chef of Del Frisco (NASDAQ: DFRG), Thomas Dritsas, bought shares of DFRG for $41.42K.

In addition to Thomas Dritsas, 8 other DFRG executives reported Buy trades in the last month.

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Based on Del Frisco’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $90.04 million and GAAP net loss of $1.56 million. In comparison, last year the company earned revenue of $82.3 million and had a net profit of $2.09 million. Currently, Del Frisco has an average volume of 843.6K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $14.50, reflecting a -35.2% downside. Eight different firms, including Merrill Lynch and Credit Suisse, currently also have a Buy rating on the stock.

The insider sentiment on Del Frisco has been positive according to 34 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. engages in the development and operation of restaurants. It operates through the following segments: Double Eagle, Sullivan’s and Grille. The Double Eagle segment offers prime grade, wet-aged steaks, prime lamb, fresh seafood, and signature side dishes and desserts.