|Bid||7.96 x 28000|
|Ask||7.97 x 1400|
|Day's Range||7.97 - 7.98|
|52 Week Range||4.61 - 9.27|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 11, 2019 - Nov 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.17|
SAN DIEGO, Sept. 17, 2019 -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors in shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ: DFRG)..
(Bloomberg) -- Del Frisco’s Double Eagle Steakhouse may be a favored dining spot for people who work on Wall Street, but the restaurant chain’s leveraged loan isn’t proving to be as appetizing to investors.The company is looking to borrow $425 million as part of private equity firm L Catterton’s buyout of Del Frisco’s Restaurant Group. The sale is being led by Credit Suisse Group AG, and the company is offering an all-in yield of 9.6% to investors.The proposed pricing of 700 basis points over Libor and a new issue discount of 97 is higher than the average rate for a newly issued leveraged loan in recent months. Nonetheless, investor interest has been lackluster, according to people familiar with the matter. As a result, Del Frisco’s may have to adjust pricing on the deal so it can attract more buyers.The deal is emblematic of growing concerns leveraged loan investors have about a potential recession. Despite solid economic growth and corporate earnings, investors are wary of higher-risk credits, prompting them to take a more defensive posture. Del Frisco’s loan is rated B3 by Moody’s Investors Service and B- by S&P Global Ratings, six levels below investment grade.Representatives for Credit Suisse and L Catterton declined to comment.The B3 rating for Del Frisco’s, borrowing as Harlan Merger Sub, “reflects Harlan’s high leverage and weak interest coverage as well as its modest scale and geographic concentration,” Moody’s senior credit officer Bill Fahy said in a report.Moody’s sees leverage at around 8 times debt. S&P sees adjusted leverage in the 7 times to 7.5 times range, which is high compared to its restaurant peers. The industry segment is also a concern since consumers tightening their belts during a slowdown may reduce discretionary spending -- which includes high-end steakhouses and wine bars.On the plus side, Del Frisco’s weathered the last recession fairly well. The company managed to keep Ebitda steady even as revenue slipped in 2008-2009, according to a person close to the deal who asked not to be identified discussing private information.That isn’t keeping investors from expecting a better price. When Del Frisco’s last tapped the loan market last year, the company increased the original issue discount to 95 from an earlier proposed 99.To contact the reporter on this story: Lisa Lee in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Natalie Harrison at email@example.com, Adam Cataldo, Boris KorbyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
SAN DIEGO, CA / ACCESSWIRE / September 10, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who purchased shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) ...
Moody's Investors Service ("Moody's") today assigned a B3 rating to Harlan Merger Sub, Inc.'s ("Harlan") proposed $425 million senior secured term loan B and $50 million senior secured revolver. In addition, Moody's assigned Harlan a B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR).
Del Frisco’s Double Eagle Steakhouse, the ultra-premium steakhouse that offers an unparalleled dining experience, is hosting a specially-priced Prime Pair menu on select days in September in honor of Childhood Cancer Awareness Month. $5 from the purchase of every Prime Pair sold will be donated to St. Jude Children’s Research Hospital®, helping to ensure that families never receive a bill from St. Jude for treatment, travel, housing or food — because all they should worry about is helping their child live. The Prime Pair menu – a two-course prix fixe menu featuring a salad, an entrée paired with the restaurant’s signature lump crab cake and a side dish – will be offered every Friday through Sunday in September at a special price of $49*, with $5 from each sale going to St. Jude.
NEW YORK, Aug. 21, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
NEW YORK, Aug. 16, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.
NEW YORK, Aug. 15, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
A class action lawsuit has been filed on behalf of holders of Del Frisco’s common stock in connection with the proposed sale of Del Frisco’s to L Catterton. The lawsuit seeks damages and/or equitable relief on behalf of Del Frisco’s shareholders. The lawsuit alleges that Defendants issued a materially misleading proxy statement recommending that Del Frisco’s shareholders vote in favor of the proposed sale of Del Frisco’s to L Catterton.
NEW YORK, Aug. 13, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.
Mia Meachem manages four restaurant brands for the Irving-based company: Del Frisco’s Grille, Del Frisco’s Double Eagle Steakhouse, bartaco and Barcelona Wine Bar.
NEW YORK, Aug. 09, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Del Frisco's Restaurant Group, Inc..
Del Frisco's (DFRG) delivered earnings and revenue surprises of -150.00% and -0.51%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
IRVING, Texas, Aug. 06, 2019 -- Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s” or the “Company”) (NASDAQ: DFRG) today reported financial results for the second quarter.
Del Frisco’s Grille, the American bar and grill known for its vibrant ambiance and modern menu, introduces four new and exciting dishes to its menu at all U.S. locations. With plant-based meats representing one of the hottest food trends among savvy consumers today, Del Frisco’s Grille is further satisfying needs for meat substitutes with its new Cauliflower Steak Frites – a great entrée for anyone looking for an alternative to steak and seafood. Cauliflower no longer needs to be relegated to a side dish and rather can take center stage when dressed in the restaurant’s unique golden raisin agrodolce, which elevates the dish’s taste and presentation in a fresh way.
WILMINGTON, DE / ACCESSWIRE / July 31, 2019 / Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Delaware on behalf of holders ...
NEW YORK, July 31, 2019 -- Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: Caesars Entertainment.
NEW YORK , July 26, 2019 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with the sale of CZR to ...
Starbucks' (SBUX) third-quarter fiscal 2019 results are likely to be driven by new store additions and robust performance of the China-Asia-Pacific and Americas segments.
Del Frisco's (DFRG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, NY / ACCESSWIRE / July 17, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...