Del Frisco's Restaurant Group

Last updated
Del Frisco's Restaurant Group, Inc.
Company type Subsidiary
Nasdaq: DFRG
ISIN US2450771025
Industry Restaurant
Founded1981;43 years ago (1981)
DefunctSeptember 2019;5 years ago (September 2019)
FateAcquired 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)
BrandsDel Frisco's Grille
ServicesContemporary upscale restaurants
RevenueIncrease2.svg US$361.431 million (fiscal 2017) [1]
Decrease2.svg -US$22.169 million (fiscal 2017) [1]
Decrease2.svg -US$11.457 million (fiscal 2017) [1]
Total assets Decrease2.svg US$326.787 million (fiscal 2017) [1]
Total equity Decrease2.svg 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.com

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]

Contents

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]

In September 2019, Landry's acquired Del Frisco's Restaurant Group for around $650 million. [8]

Related Research Articles

Brad Blum is the Co-Owner of FoodFirst Global Restaurants. He was the Founder, Chairman & CEO of FoodFirst Global Restaurants, Inc., upon the establishment of the company in May 2018. Previously he was the CEO of Burger King from December 2002 to July 2, 2004. He joined the company from Darden Restaurants where he had headed the Olive Garden unit, but left after only 18 months citing strategic differences with Burger King's board. Blum's successor, Greg Brenneman, was appointed on August 1, 2004. Blum was the CEO of Romano's Macaroni Grill from December 2008 to July 2010.

Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando, Florida. As of May 2023, the firm owns three fine dining restaurant chains: Ruth’s Chris Steak House, Eddie V's and The Capital Grille; and seven casual dining restaurant chains: Olive Garden Italian Restaurant, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Burger, Yard House and Cheddar's Scratch Kitchen. Until July 28, 2014, Darden also owned Red Lobster. Darden has more than 1,800 restaurant locations and more than 175,000 employees, making it the world's largest full-service restaurant company.

VitaNova Brands, based in San Antonio, Texas, was an operator of a number of American national buffet chain restaurants including subsidiary company Furr's.

<span class="mw-page-title-main">Ruth's Chris Steak House</span> American restaurant chain

Ruth's Chris Steak House is a chain of over 100 steakhouses across the United States, Canada and Mexico. On May 22, 2008, the company underwent rebranding and became part of Ruth's Hospitality Group after its acquisition of Mitchell's Fish Market. The group's headquarters are in Winter Park, Florida.

<span class="mw-page-title-main">Landry's</span> American restaurant company

Landry's, Inc., is a privately held American multi-brand dining, hospitality, entertainment, and gaming corporation headquartered in Houston, Texas. Landry's, Inc., owns and operates more than 600 restaurants, hotels, casinos, and entertainment destinations in 35 U.S. states and the District of Columbia. The company also owns and operates numerous international locations. The company is owned by President & CEO Tilman Fertitta.

<span class="mw-page-title-main">Brinker International</span> American restaurant company

Brinker International, Inc. is an American multinational hospitality industry company that owns Chili's and Maggiano's Little Italy restaurant chains. Founded in 1975 and based in Dallas, Texas, Brinker currently owns, operates, or franchises 1,672 restaurants under the names Chili's Grill & Bar and Maggiano's Little Italy worldwide.

<span class="mw-page-title-main">Sizzler</span> American restaurant chain

Sizzler USA Restaurants, Inc., doing business as Sizzler, is a United States-based restaurant chain with headquarters in Mission Viejo, California, with locations mainly in California, plus some in the nearby states of Arizona, Nevada, New Mexico, Idaho, Utah, and Oregon, as well as Puerto Rico. It is known for steak, seafood, and salad bar items.

<span class="mw-page-title-main">Lone Star Steakhouse & Saloon</span> Casual dining restaurant chain

Lone Star Steakhouse & Saloon was an American casual dining restaurant chain with a single independently owned and operated franchise still in business in 2021 on the island of Guam. The chain served steak, seafood, salad, and similar food items. Lone Star opened its first restaurant in 1989 in Winston-Salem, North Carolina. In March 1992, Lone Star became a public company with eight restaurants opened. At its maximum, 267 Lone Star Steakhouses were in operation. The company filed for Chapter 7 bankruptcy on September 7, 2017.

<span class="mw-page-title-main">Romano's Macaroni Grill</span> American casual dining restaurant chain specializing in Italian-American cuisine

Romano's Macaroni Grill is a casual dining restaurant chain specializing in Italian-American cuisine. As of April 2024, the company operates 31 locations in Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Nevada, Ohio, Pennsylvania, Tennessee, Texas, and Utah, as well as 6 locations in Puerto Rico.

Bloomin' Brands, Inc. is a restaurant holding company that owns several American casual dining restaurant chains. The company was established in 1988 in Tampa, Florida, where it is headquartered.

<span class="mw-page-title-main">Houlihan's</span> Casual dining chain founded in 1972

Houlihan's is an American casual restaurant and bar chain with locations operating throughout the country, 60% of which are franchised. It is headquartered in Leawood, Kansas. The first Houlihan's opened on April 1, 1972, in Kansas City's Country Club Plaza, and there are now 35 restaurants in 15 states. It was originally named Houlihan's Old Place because it was first located in the space of Houlihans Clothing Store.

<span class="mw-page-title-main">Smith & Wollensky</span> International steakhouse chain

Smith & Wollensky is the name of several high-end American steakhouses, with locations in New York, Boston, Chicago, Columbus, Miami Beach, Las Vegas, London, and the most recently opened, Taipei. The first Smith and Wollensky steakhouse was founded in 1977 by Alan Stillman, best known for creating T.G.I. Friday's, and Ben Benson, in a distinctive building on 49th Street and 3rd Avenue in New York, once occupied by Manny Wolf's Steakhouse. Many of the restaurants have a wooden exterior with its trademark green and white colors. The individual Smith and Wollensky restaurants operate using slightly varied menus. In 1997, Ruth Reichl, then-restaurant reviewer for The New York Times, called Smith & Wollensky "A steakhouse to end all arguments." Smith & Wollensky is owned by the Patina Restaurant Group.

Chris T. Sullivan is one of the founders of Outback Steakhouse and OSI Restaurant Partners, LLC. He also formerly held the titles of director and chairman. He is currently a board member at Bloomin' Brands.

<span class="mw-page-title-main">Tilman Fertitta</span> American businessman

Tilman Joseph Fertitta is an American billionaire businessman and television personality. He is the chairman, CEO, and owner of Landry's, Inc. He also owns the National Basketball Association (NBA)'s Houston Rockets. Fertitta is chairman of the board of regents of the University of Houston System.

<span class="mw-page-title-main">The Capital Grille</span> American restaurant chain

The Capital Grille is an American restaurant chain of upscale steakhouses owned by Darden Restaurants. The brand has locations in twenty-five states, the District of Columbia, and Mexico City.

Del Frisco's Double Eagle Steak House is a fine dining restaurant steakhouse chain founded in 1981 that was operated by Del Frisco's Restaurant Group until the restaurant was acquired by Landry's, Inc. in September 2019, with 71 locations across the United States.

References

  1. 1 2 3 4 5 6 7 8 "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.
  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. Archived from the original on 2019-03-06. Retrieved 2018-10-17.
  5. "Romano's Macaroni Grill Buys Sullivan's Steakhouse in $32M Deal". Hospitality Technology. 24 September 2018. 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.
  8. Fantozzi, Joanna (September 25, 2019). "Landry's buys Del Frisco's Grille and Double Eagle Steakhouse". Nations Restaurant News . Retrieved September 30, 2019.

]