8.18 0.00 (0.00%)
After hours: 4:34PM EST
|Bid||7.10 x 1200|
|Ask||8.40 x 800|
|Day's Range||8.03 - 8.34|
|52 Week Range||5.86 - 18.85|
|Beta (3Y Monthly)||0.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 6, 2019 - Mar 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.67|
Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s”) (DFRG) today reported preliminary and unaudited sales results for the fourth quarter 2018 ended December 25, 2018. Del Frisco’s expects consolidated revenues between $124.3 million and $124.7 million for the 13-week fourth quarter 2018, representing a 23.8% to 24.2% increase compared to $100.4 million for the 16-week fourth quarter 2017. All results exclude any contributions from Sullivan’s, which was sold in the third quarter of 2018, and which sale is reflected as discontinued operations for the fourth quarter of 2017.
jumped nearly 8% in premarket trading on Friday, Dec. 21, after the company said it was considering a possible sale of its business amid pressure from an activist investor. Del Frisco shares were up 7.86% in premarket trading on the Nasdaq Stock Exchange, rising 51 cents to $7 after ending the trading day Thursday down 6 cents at $6.49. Earlier this month, Engaged Capital, which owns a 9.99% stake in the company, began publicly pushing Del Frisco's to put itself up for sale, saying it was poorly managing its steakhouse restaurants and had rushed into acquiring two other chains to avoid an acquisition.
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Del Frisco's Restaurant Group Inc said on Thursday it is evaluating options for its business, including a possible sale amid pressure from activist investor Engaged Capital. Earlier this month Engaged Capital, which owns a 9.99 percent stake in the company, pushed for Del Frisco's sale, saying it was poorly managing its steakhouse restaurants and had rushed into buying two chains to avoid an acquisition. Del Frisco's, which owns Eagle Steak House and Frisco's Grille chains, adopted a shareholder rights plan, or "poison pill," with a 10 percent trigger to counter Engaged.
Del Frisco’s Restaurant Group announced Thursday that it’s working with legal and financial advisors to “consider a full range of options focused on maximizing shareholder value.”
Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s” or the “Company”) (DFRG) today announced that its Board of Directors (the “Board”) has commenced a comprehensive review of strategic alternatives. The Del Frisco’s Board, in consultation with its financial and legal advisors, will review and consider a full range of options focused on maximizing shareholder value, including a possible sale of the Company or any of its dining concepts. The Board continues to support the Company’s existing strategic priorities and believes that Del Frisco’s exceptional collection of dining concepts will serve as the foundation for continued growth.
Shares of Irving-based restaurant group Del Frisco’s made their largest single-day gains Thursday since going public six years ago over pressure one investor has placed on management to sell the company.
A large Del Frisco Restaurant Group shareholder is suggesting management explore strategic alternatives -- but is that the right move?
Shares of Del Frisco's Restaurant Group Inc. shot up 12.5% in morning trade Thursday, putting them on track for the biggest one-day gain since they went public in July 2012, after an activist investor urged the restaurant chain to explore a sale. Engaged Capital, a hedge fund which owns 9.99% of Del Frisco's outstanding shares, it believes there are "numerous" parties interested in buying the company at valuations that would deliver a "significant premium" to the current share price. Engage urged the company's board to "correct recent strategic missteps" and create shareholder value by proactively appointing shareholder representatives to the board, hiring financial advisors and forming a committee of independent board members to evaluate strategic alternatives. Despite the stock's rally Thursday, it was still down 50% year to date, while the S&P 500 has slipped 1.5%.
Activist Investor Engaged Capital has bought nearly 10% of the restaurant operator’s shares and plans to push it to sell itself.
Engaged Capital sent the following letter to the board of Del Frisco’s Restaurant Group (DFRG) pushing for the sale of the company (the stock lost half of its value this year): Ladies and Gentlemen: Engaged Capital, LLC (together with its affiliates, “Engaged Capital” or “we”) is a significant shareholder of Del Frisco’s Restaurant Group, Inc. […]
Del Frisco's Restaurant Group Inc adopted a shareholder rights plan, or "poison pill", with a 10 percent trigger on Wednesday to counter activist investor Engaged Capital, which is pushing for its sale. If the rights are triggered, all shareholders other than any triggering person will be entitled to buy common shares at a 50 percent discount, or the company may exchange each right held by such holders for one share of common stock, Del Frisco's said in a statement. The activist hedge fund believes that Del Frisco's, a steak house restaurant chain operator, is poorly managing its restaurants and rushed into buying two chains to avoid an acquisition.
NEWPORT BEACH, Calif.-- -- DFRG’s compelling dining concepts are undervalued by public shareholders The Board’s approval of the Barteca acquisition, compounded by management’s weak operating performance, has destroyed substantial shareholder value A sale of DFRG today, in whole or in parts, presents the most attractive risk-adjusted return for shareholders Engaged Capital, LLC, an investment firm specializing ...
IRVING, Texas, Dec. 05, 2018 -- Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s” or the “Company”) (NASDAQ: DFRG) announced today that its board of directors (the “Board”).
Activist investor Engaged Capital LLC has bought a nearly 10 percent stake in Del Frisco's Restaurant Group Inc and is pushing the restaurant operator to sell itself, the Wall Street Journal reported https://www.wsj.com/articles/activist-investor-to-push-del-friscos-to-sell-itself-1544058181 on Wednesday, citing people familiar with the matter. According to the Journal, the sources said the activist hedge fund believes that Del Frisco's, a steak house restaurant chain operator, is poorly managing its restaurants and rushed into buying two chains to avoid being acquired. Engaged Capital and Del Frisco's were not immediately available for a comment.
Billingsley Co. has received the go-ahead for the next phase of its Cypress Waters development. Permits have been approved for the construction of a $22.5 million project at 3501 Olympus Blvd., as reported by the Dallas Morning News. The five-story, 203,000-square-foot building is one of two speculative office towers planned by the North Texas developer at a 10-acre site near Belt Line Road and LBJ Freeway.
NEW YORK, Nov. 26, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Del Frisco's (DFRG) delivered earnings and revenue surprises of 75.86% and -9.69%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Irving, Texas-based company said it had a loss of $2.43. Losses, adjusted for one-time gains and costs, came to 7 cents per share. The restaurant operator posted revenue of $105.3 ...
Updates Fiscal Year 2018 Guidance IRVING, Texas, Nov. 12, 2018 -- Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s”) (NASDAQ: DFRG) today reported financial results for.
Del Frisco's Restaurant Group (DFRG) owns and operates over 80 restaurant locations across the U.S. Its Double Eagle Steak House accounts for about half of the company's top-line revenue. Over the summer, Del Frisco acquired Barteca Restaurant Group for the Barcelona Wine Bar and Bartaco fast casual restaurants. Warning! GuruFocus has detected 6 Warning Signs with DFRG.
Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s” or the “Company”) (DFRG) today announced that it will file its SEC Form on 10-Q for the third quarter ended September 25, 2018 on Friday, November 9, 2018 after the market close. The third quarter was a transformational one for the Company, which included four significant transactions: the acquisition of Barteca Restaurant Group, the disposition of Sullivan’s Steakhouse, a secondary offering of common stock, and a debt syndication. Norman Abdallah, Chief Executive Officer of Del Frisco's Restaurant Group, Inc., said, "We are positioning ourselves for long-term success by executing our brand strategies, ensuring liquidity and investment behind our three major growth brands -- Del Frisco’s Double Eagle Steakhouse (“Double Eagle”), Barcelona Wine Bar and bartaco -- through capital restructuring, shedding underperforming assets, and divesting Sullivan’s Steakhouse. ‘Front-end’ operations for Barcelona Wine Bar and bartaco have now been substantially integrated into the Del Frisco’s eco-system with their respective management teams working from our Irving, TX support center while ‘back-end’ support systems are on track to be fully integrated ahead of schedule by mid-year 2019.
IRVING, Texas, Nov. 05, 2018 -- Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s” or the “Company”) (NASDAQ: DFRG) today announced that it will postpone the release of.