Del Frisco's Restaurant Group Announces Block Repurchase of Its Common Stock
SOUTHLAKE, Texas, March 10, 2017 (GLOBE NEWSWIRE) -- Del Frisco's Restaurant Group, Inc. (NASDAQ:DFRG) (the "Company"), the owner and operator of the Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse, and Del Frisco's Grille restaurant concepts, announced today that it has purchased a block of 1,200,000 shares of the Company's common stock from Fidelity National Financial, Inc at a price per share of $16.90. The closing price of the Company's common stock on March 10, 2017 was $17.15. This share repurchase transaction reduces the Company's shares outstanding by approximately 5%.
The block trade was executed pursuant to a Rule 10b5-1 trading plan entered into under the Company's previously announced $50.0 million share repurchase program. The Company has periodically been in the market buying back its stock since the Board of Directors first approved a repurchase program in 2014.
About Del Frisco's Restaurant Group, Inc.
Based in Southlake, Texas, near Dallas, Del Frisco's Restaurant Group, Inc. is a collection of 53 restaurants across 24 states and Washington, D.C., including Del Frisco's Double Eagle Steak House,
Sullivan's Steakhouse, and Del Frisco's Grille. Del Frisco's Double Eagle Steak House serves up flawless cuisine that's bold and delicious, an extensive award-winning wine list and a level of service that reminds guests that they're the boss. Sullivan's Steakhouse is a great neighborhood place for a big night out on the town - with outstanding food, hand-shaken martinis, an award winning wine list, and live entertainment all under one roof. Del Frisco's Grille is modern, inviting, stylish and fun, taking the classic bar and grill to new heights, and drawing inspiration from bold flavors and market-fresh ingredients.
For further information about our restaurants, to make reservations, or to purchase gift cards, please visit: www.DelFriscos.com, www.SullivansSteakhouse.com, and www.DelFriscosGrille.com. For more information about Del Frisco's Restaurant Group, Inc., please visit www.DFRG.com.
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Source: Del Frisco's Restaurant Group
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