In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) reported that Fidelity National Financial, Inc. has picked up 2,361,888 of common stock as of 2017-02-02.
The acquisition brings the aggregate amount owned by Fidelity National Financial, Inc. to a total of 2,361,888 representing a 10.04% stake in the company.
For those not familiar with the company, Del Frisco’s Restaurant Group, Inc. is engaged in developing, owning and operating restaurants. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). Its operating segments are Del Frisco’s, Sullivan’s and Del Frisco’s Grille. Del Frisco’s is a steakhouse concept in the United States. The Sullivan’s brand includes a fine dining experience, along with an atmosphere created an open kitchen, live music and a bar area designed to be a center for social gathering and entertainment. The Grille is a casual concept with a menu designed to appeal to both business and casual diners that features various Del Frisco’s aged steaks, menu items and a range of wines.
A glance at Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG)’s key stats reveals a current market capitalization of 394.21 million based on 23.53 million shares outstanding and a price at last close of $16.90 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-01, Abdallah picked up 10,000 at a purchase price of $17.55. This brings their total holding to 21,768 as of the date of the filing.
On the sell side, the most recent transaction saw Mednansky unload 190,500 shares at a sale price of $18.20. This brings their total holding to 38,244.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Del Frisco’s Restaurant Group Inc. (NASDAQ:DFRG) as things move forward to see if its progress aligns with these transactions.
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