Del Frisco's shares drop following 2Q report

Del Frisco's shares drop following 2Q report

Analysts say Tuesday sell-off was an ‘overreaction’

Del Frisco’s Restaurant Group Inc. shares dropped 12 percent Tuesday, after the steakhouse operator cautioned on earnings guidance and unit development, despite analysts’ warnings of an overreaction.

Executives at the Southlake, Texas-based parent to Del Frisco’s Double Eagle Steak House, Del Frisco’s Grille and Sullivan’s Steakhouse said in a call with analysts that it would delay some unit openings until later in the year.

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