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Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) Is A Buy In The Market

Boston, MA 03/13/2014 (wallstreetpr) – Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) Restaurant stock has been the subject of recent rating in the market with equities research firm Deutsche bank raising its share price target for the company from $24 to $28.  The firm currently rates Del Frisco’s Restaurant stock as a “Buy” with the price target indicating a potential upside of 7.53%.

Analysts at Thomson Reuters on the other hand upgraded the company’s stock from a hold to a sell as the company continues to show significant strength in good cash flow levels as well as improved earnings per share. Analysts at EVA dimension currently rate Del Frisco’s Restaurant as a hold. Two research equity firms rate the company’s stock as a hold with five others giving it a buy rating.

Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) currently has an average rating of a buy in the market with an average price target of $27.13. The company commands a 52 week high of $25.64 and 52 week low of $15.63. The stocks 50 day moving average stands at $23.33 with a 200 day moving average of $20.85, its market cap currently stands at $618.9 million with a P/E ratio of 39.65.

Del Frisco’s Restaurant Q4 and Full year results

Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) last reported its financial results on February 26 2014 in which earnings per share for the fourth quarter came in at $0.36 falling short of consensus estimates of $0.38. The company’s consolidated revenues was up by 20.5% coming in at $97.5 million against the prior year same quarter of $80.9 million

Comparable restaurant sales were up by 5.2% following up on an increase of 5.9% reported for the same quarter the prior year. Revenue for full year was also up by 16.9% coming in at $271.8 million up from a low of $232.4 million reported for 2012.

Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) was up in Wednesday trading session closing at a high of $27.17 after moving up by 1.57%.

Published by Flavia Carruth

Hi, I am Flavia and have done my MBA with finance as specialization and a Bachelor in Economics with 4 years of experience as Financial Analyst in leading Software Firm. I have passion for article writing, report making and stock market Analysis.

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