Del Frisco's Restaurant Group
 | |
| Company type | Subsidiary |
|---|---|
| Nasdaq: DFRG | |
| ISIN | US2450771025 |
| Industry | Restaurant |
| Founded | 1981 |
| Defunct | September 2019 |
| Fate | Acquired by Landry's Restaurants |
| Headquarters | The Post Oak, Houston, Texas, U.S. |
Area served | United States |
Key people | Norman Abdullah (CEO)[1] Jeff Carcara (CEO, Del Frisco's Emerging Brands) |
| Brands | Del Frisco's Grille |
| Services | Contemporary 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] |
Number of employees | ~4,890 at December 26, 2017[1] |
| Subsidiaries | Del Frisco's Emerging Brands |
| Website | dfrg |
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.[2][1][3] Market capitalization at the end of 2017 was US$327.84M.[4]
History
[edit]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]
In September 2019, Landry's acquired Del Frisco's Restaurant Group for around $650 million.[8]
References
[edit]- ^ a b c d e f g h "Del Frisco's Restaurant Group - 2017 Annual Report" (PDF). Del Frisco's Restaurant Group. Archived from the original (PDF) on September 20, 2018. Retrieved September 19, 2018.
- ^ Ruggless, Ron (Mar 12, 2019). "Del Frisco's scales back planned openings". Nation's Restaurant News. Retrieved March 12, 2019.
- ^ "Del Frisco's Restaurant Group Inc". New York Times. Retrieved 2015-09-14.
- ^ "Del Frisco's Restaurant Group Inc Market Cap". YCharts. Archived from the original on 2019-03-06. Retrieved 2018-10-17.
- ^ "Romano's Macaroni Grill Buys Sullivan's Steakhouse in $32M Deal". Hospitality Technology. 24 September 2018. Retrieved March 12, 2019.
- ^ Dawson, Gloria (June 24, 2019). "Del Frisco's to be acquired by L Catterton". Nations Restaurant News. Retrieved June 26, 2019.
- ^ "Snapshot:DFRG". Fidelity Investments. June 26, 2019. Retrieved June 26, 2019.
- ^ Fantozzi, Joanna (September 25, 2019). "Landry's buys Del Frisco's Grille and Double Eagle Steakhouse". Nations Restaurant News. Retrieved September 30, 2019.
External links
[edit]
- Official website
- ]
- Historical business data for Del Frisco's Restaurant Group, Inc.:
- SEC filings
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- Landry's Inc.
- Companies formerly listed on the Nasdaq
- Companies based in Irving, Texas
- American companies established in 1981
- Restaurants established in 1981
- 1981 establishments in Texas
- Catering and food service companies of the United States
- Restaurant chains in the United States
- 2012 initial public offerings
- 2019 mergers and acquisitions
- Private equity portfolio companies
- United States restaurant stubs