Hedge Funds Now Own 88.7% Of Del Frisco’s Restaurant Group, Inc. (DFRG)

Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) has made a 38.03% comeback from a 12-month low price of $11.70. It was seen -10.53% lower, changing the price to $16.15, when the closing bell rang on 03/08/2018. At recent session, the prices were hovering between $15.1 and $16.75. This company shares are 7.93% off its target price of $17.43 and the current market capitalization stands at $340.81M. The recent change has given its price a -4.23% deficit over SMA 50 and -14.32% deficit over its 52-week high. The stock witnessed -7.18% declines, 8.39% gains and 16.61% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DFRG’s volatility during a week at 6.1% and during a month it has been found around 4.15%.

Del Frisco’s Restaurant Group, Inc. (DFRG) Top Holders

Institutional investors currently hold around $333 million or 88.7% in DFRG stock. Look at its top three institutional owners. Dimensional Fund Advisors Lp owns $32.42 million in Del Frisco’s Restaurant Group, Inc., which represents roughly 9.51% of the company’s market cap and approximately 9.74% of the institutional ownership. Similar statistics are true for the second largest owner, Janus Henderson Group Plc, which owns 1,763,904 shares of the stock are valued at $31.84 million. The third largest holder is Blackrock Inc., which currently holds $26.01 million worth of this stock and that ownership represents nearly 7.63% of its market capitalization.

Del Frisco’s Restaurant Group, Inc. 13F Filings

At the end of 12/31/2017 reporting period, 43 institutional holders increased their position in Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) by some 2,048,120 shares, 59 decreased positions by 4,126,243 and 7 held positions by 12,248,139. That puts total institutional holdings at 18,422,502 shares, according to SEC filings. The stock grabbed 15 new institutional investments totaling 783,783 shares while 19 institutional investors sold out their entire positions totaling 3,088,038 shares.

Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Insider Trades

Multiple company employees have indulged in significant insider trading. Del Frisco’s Restaurant Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that VP, Culinary & Exec. Chef Dritsas Thomas G has acquired 1,500 shares of Del Frisco’s Restaurant Group, Inc. (DFRG) in trading session dated Oct. 20, 2017. These shares are worth $19,200 and were traded at $12.8 each. The SEC filing shows that Carter Ian Russell performed a purchase of 15,750 shares. The Director added these shares by way of transaction on Oct. 18, 2017. The company’s shares were assimilated at $12.66 per share worth to an investment of some $199,395 on account of Carter Ian Russell.

Controller, Wilson William Jasper, purchased 600 common shares of Del Frisco’s Restaurant Group, Inc. (DFRG) in the open market. In a transaction dated Oct. 17, 2017, the shares were bought at an average price of $12.61, giving away a sum of $7,566. After this purchase, 600 common shares of DFRG are directly owned by the insider, with total stake valued at $9,690.

In the transaction dated Oct. 17, 2017, the great number of shares acquired came courtesy the Director; Carter Ian Russell added a total of 8,900 shares at an average price of $12.7, amounting to approximately $113,030. The insider now directly owns 54,089 shares worth $873,537.

Del Frisco’s Restaurant Group, Inc. (DFRG) Analyst Guide

Several analysts have released their opinion on Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG), with 2 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.75 average brokerage recommendation.