Del Frisco's Restaurant Group

{{Infobox company

| name = Del Frisco's Restaurant Group, Inc.

| logo = DFRG_logo.png

| type = Subsidiary

| traded_as = {{NASDAQ was|DFRG}}

| ISIN = US2450771025

| industry = Restaurant

| predecessor =

| foundation = {{start date and age|1981}}

| defunct = {{Start date and age|September 2019}}

| fate = Acquired by Landry's Restaurants

| founder =

| location = The Post Oak, Houston, Texas, U.S.

| locations =

| area_served = United States

| key_people = Norman Abdullah (CEO)
Jeff Carcara (CEO, Del Frisco's Emerging Brands)

| services = Contemporary upscale restaurants

| revenue = {{increase}} US$361.431 million (fiscal 2017)

| operating_income = {{decrease}} -US$22.169 million (fiscal 2017)

| net_income = {{decrease}} -US$11.457 million (fiscal 2017)

| assets = {{decrease}} US$326.787 million (fiscal 2017)

| equity = {{decrease}} US$189.087 million (fiscal 2017)

| num_employees = ~4,890 at December 26, 2017

| parent =

| divisions =

| subsid = Del Frisco's Emerging Brands

| brands = Del Frisco's Grille

| homepage = {{URL|http://dfrg.com/}}

| footnotes =

}}

Del Frisco's Restaurant Group, Inc. was 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 operated Del Frisco's Grille and Del Frisco's Double Eagle Steak House in the United States.{{cite web|url=https://www.nrn.com/casual-dining/del-frisco-s-scales-back-planned-openings?NL=NRN-02_&Issue=NRN-02__20190313_NRN-|last=Ruggless |first=Ron|date= Mar 12, 2019|title=Del Frisco's scales back planned openings|work=Nation's Restaurant News|accessdate=March 12, 2019}}{{cite web|url=https://s22.q4cdn.com/202923849/files/doc_financials/annual/2017/416343_007_Web_BMK.pdf|title=Del Frisco's Restaurant Group - 2017 Annual Report|publisher=Del Frisco's Restaurant Group|accessdate=September 19, 2018|archive-date=September 20, 2018|archive-url=https://web.archive.org/web/20180920045956/https://s22.q4cdn.com/202923849/files/doc_financials/annual/2017/416343_007_Web_BMK.pdf|url-status=dead}}{{Cite news| title = Del Frisco's Restaurant Group Inc.| work = New York Times| accessdate = 2015-09-14| url = http://topics.nytimes.com/top/news/business/companies/del-friscos-restaurant-group-llc/index.html}} Market capitalization at the end of 2017 was US$327.84M.{{cite web |title=Del Frisco's Restaurant Group Inc Market Cap |url=https://ycharts.com/companies/DFRG/market_cap |website=YCharts |accessdate=2018-10-17 |archive-date=2019-03-06 |archive-url=https://web.archive.org/web/20190306235404/https://ycharts.com/companies/DFRG/market_cap |url-status=dead }}

History

On September 21, 2018, Del Frisco's sold Sullivan's Steakhouse to Romano's Macaroni Grill for 32 million dollars (USD).{{cite web|url=https://hospitalitytech.com/romanos-macaroni-grill-buys-sullivans-steakhouse-32m-deal|last= |first=|date=24 September 2018|title=Romano's Macaroni Grill Buys Sullivan's Steakhouse in $32M Deal|publisher=Hospitality Technology|accessdate=March 12, 2019}}

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,{{cite web|url=https://www.nrn.com/casual-dining/del-friscos-be-acquired-l-catterton|last=Dawson |first=Gloria |date=June 24, 2019|title=Del Frisco's to be acquired by L Catterton|work=Nations Restaurant News|accessdate=June 26, 2019}} as June 26, 2019, the closing price of Del Frisco stock was $7.94.{{cite web|url=https://eresearch.fidelity.com/eresearch/goto/evaluate/snapshot.jhtml?symbols=DFRG&type=sq-NavBar|date=June 26, 2019|title=Snapshot:DFRG|work=Fidelity Investments|accessdate=June 26, 2019}}

In September 2019, Landry's acquired Del Frisco's Restaurant Group for around $650 million.{{cite web|url=https://www.nrn.com/news/landry-s-buys-del-frisco-s-grille-and-double-eagle-steakhouse |last=Fantozzi |first=Joanna |date=September 25, 2019 |title=Landry's buys Del Frisco's Grille and Double Eagle Steakhouse |work=Nations Restaurant News |access-date=September 30, 2019}}

References

External links

{{Official|http://dfrg.com/}}

{{Finance links historical

| name = Del Frisco's Restaurant Group, Inc.

| sec_cik = DFRG

}}

Category:Landry's Inc.

Category:Companies formerly listed on the Nasdaq

Category:Companies based in Irving, Texas

Category:American companies established in 1981

Category:Restaurants established in 1981

Category:1981 establishments in Texas]

Category:Catering and food service companies of the United States

Category:Restaurant chains in the United States

Category:2012 initial public offerings

Category:2019 mergers and acquisitions

Category:Private equity portfolio companies