Del Frisco's Restaurant Group

Del Frisco's Restaurant Group is an American steakhouse restaurant chain company which focuses on steaks. The company was founded in 1981 and became public in 2012. Del Frisco's Restaurant Group currently operates Del Frisco's Double Eagle Steak House, Del Frisco's Grille, Barcelona Wine Bar and Bartaco with 73 locations across 16 states in the United States.[2][1][3] Market capitalization at the end of 2017 was US$327.84M.[4]

Del Frisco's Restaurant Group, Inc.
Typesubsidiary
ISINUS2450771025
IndustryRestaurant
Founded1981
HeadquartersThe Post Oak, Houston, Texas, U.S.
Area served
United States
Key people
Norman Abdullah (CEO)[1]
Jeff Carcara (CEO, Del Frisco's Emerging Brands)
BrandsDel Frisco's Double Eagle Steakhouse
Del Frisco's Grille
ServicesContemporary upscale restaurants
Revenue US$361.431 million (fiscal 2017)[1]
-US$22.169 million (fiscal 2017)[1]
-US$11.457 million (fiscal 2017)[1]
Total assets US$326.787 million (fiscal 2017)[1]
Total equity US$189.087 million (fiscal 2017)[1]
OwnerL Catterton
Number of employees
~4,890 at December 26, 2017[1]
SubsidiariesDel Frisco's Emerging Brands
Websitedfrg.com

History

On September 21, 2018 Del Frisco's sold Sullivan's Steakhouse to Romano's Macaroni Grill for 32 million dollars (USD).[5]

In June 2019 Del Frisco accepted an offer from L Catterton in the vicinity of $ 650 million cash. L Catterton will also purchase Del Frisco stock for $ 8.00 a share,[6] as June 26, 2019 the closing price of Del Frisco stock was $7.94.[7]

References
  1. "Del Frisco's Restaurant Group - 2017 Annual Report" (PDF). Del Frisco's Restaurant Group. Retrieved September 19, 2018.
  2. Ruggless, Ron (Mar 12, 2019). "Del Frisco's scales back planned openings". Nation's Restaurant News. Retrieved March 12, 2019.
  3. "Del Frisco's Restaurant Group Inc". New York Times. Retrieved 2015-09-14.
  4. "Del Frisco's Restaurant Group Inc Market Cap". YCharts. YCharts. Retrieved 2018-10-17.
  5. "Romano's Macaroni Grill Buys Sullivan's Steakhouse in $32M Deal". Hospitality Technology. Retrieved March 12, 2019.
  6. Dawson, Gloria (June 24, 2019). "Del Frisco's to be acquired by L Catterton". Nations Restaurant News. Retrieved June 26, 2019.
  7. "Snapshot:DFRG". Fidelity Investments. June 26, 2019. Retrieved June 26, 2019.
    • Historical business data for Del Frisco's Restaurant Group, Inc.:
    • SEC filings
    ]
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