How Del Frisco’s Restaurant Group Inc (DFRG) Stacks Up Against Its Peers

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Seeing as Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) has weathered falling interest from the smart money, it’s easy to see that there were a few funds who were dropping their full holdings heading into Q4. Interestingly, Steven Boyd’s Armistice Capital said goodbye to the largest stake of all the investors watched by Insider Monkey, totaling about $3.9 million in stock. Constantinos J. Christofilis’s fund, Archon Capital Management, also dropped its stock, about $1.5 million worth.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) but similarly valued. These stocks are Homeowners Choice Inc (NYSE:HCI), Emerge Energy Services LP (NYSE:EMES), Potbelly Corp (NASDAQ:PBPB), and Cohu, Inc. (NASDAQ:COHU). This group of stocks’ market valuations resemble DFRG’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HCI 7 11809 1
EMES 4 22877 4
PBPB 14 35210 -2
COHU 14 24630 4

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $24 million. That figure was $76 million in DFRG’s case. Potbelly Corp (NASDAQ:PBPB) is the most popular stock in this table. On the other hand Emerge Energy Services LP (NYSE:EMES) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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Disclosure: None




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