Deutsche Bank Starts Del Frisco's Restaurant (DFRG) at Buy; A Great Unit Growth Story
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Price: $18.51 +2.15%
Rating Summary:
5 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Rating Summary:
5 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Trade DFRG Now!
Deutsche Bank initiates coverage on Del Frisco's Restaurant (NASDAQ: DFRG) with a Buy. PT $15.00.
Deutsche analyst said, "DFRG is one of the best unit growth stories in the restaurant industry, with good visibility on 10%+ unit growth for the next several yrs. The company also leads its category (and most restaurants) in terms of SSS trends, sales volumes and margins. Despite this, the stock trades at the low end of the restaurant industry (13.6x P/E, 6.6x EV/EBITDA). In short, macro/beef concerns appear fully priced in."
For an analyst ratings summary and ratings history on Del Frisco's Restaurant click here. For more ratings news on Del Frisco's Restaurant click here.
Shares of Del Frisco's Restaurant closed at $12.65 yesterday, with a 52 week range of $11.73-$14.85.
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Deutsche analyst said, "DFRG is one of the best unit growth stories in the restaurant industry, with good visibility on 10%+ unit growth for the next several yrs. The company also leads its category (and most restaurants) in terms of SSS trends, sales volumes and margins. Despite this, the stock trades at the low end of the restaurant industry (13.6x P/E, 6.6x EV/EBITDA). In short, macro/beef concerns appear fully priced in."
For an analyst ratings summary and ratings history on Del Frisco's Restaurant click here. For more ratings news on Del Frisco's Restaurant click here.
Shares of Del Frisco's Restaurant closed at $12.65 yesterday, with a 52 week range of $11.73-$14.85.
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