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Operates chain of steak and seafood restaurants.
930 S. Kimball Ave.
Southlake, TX 76092
CEO: Mark Mednansky
Stock Symbol: DFRG
The company develops, own and operate three contemporary, high end, complementary restaurant concepts: Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse, and Del Frisco's Grille. It currently operates 31 high-volume, full-service restaurants in 18 states.
Each of the three concepts offers steaks as well as other menu selections, such as chops and fresh seafood. These menu selections are complemented by an extensive, award-winning wine selection. The restaurants use a distinctive, highly attentive serving process and offer sophisticated interior décors which we believe differentiate us from our peers by creating an upscale, high-energy environment.
Del Frisco's Double Eagle Steak House
Del Frisco's is one of the premier steakhouse concepts in the United States. The Del Frisco's brand is defined by its distinctive service and exceptional menu, including USDA Prime grade, wet-aged steaks hand-cut at the time of order, and a range of other premium offerings. Additional offerings include prime lamb, fresh seafood, and signature side dishes and desserts, all served in a sophisticated and energetic setting. Each restaurant has a sommelier to guide diners through an extensive, award-winning wine list and our bartenders specialize in hand-shaken martinis and crafted cocktails. Del Frisco's restaurants target guests seeking a premium full-service, fine-dining experience. There are currently nine Del Frisco's steakhouses in seven states. These restaurants range in size from 11,000 to 24,000 square feet with seating capacity for at least 300 people. Annual revenues per restaurant were $12.1 million for the four quarters ended September 6, 2011. During the same period, the average check at Del Frisco's was $98.
Sullivan's, designed as a complementary concept to Del Frisco's in the mid-1990's, is a vibrant neighborhood steakhouse featuring an open kitchen and art deco décor that offers fine hand-selected aged steaks, fresh seafood and a broad list of custom cocktails. Each Sullivan's also features an extensive selection of quality, award-winning wines and a lively bar with signature cocktails. There are currently 20 Sullivan's steakhouses in 15 states. These restaurants range in size from 7,000 to 11,000 square feet with seating capacity for at least 250 people. Annual revenue per comparable Sullivan's restaurant were $4.2 million for the four quarters ended September 6, 2011. During the same period, the average check at Sullivan's was $58.
Del Frisco's Grille
The Grille is the company's newest concept and designed to take advantage of the premier positioning of the Del Frisco's brand and to provide greater potential for expansion due to its smaller size, lower build out cost and more diverse menu. The Grille's menu is designed to have broad appeal and features Del Frisco's prime aged steaks and top selling signature menu items. The Grille also offers an assortment of upscale, price-approachable entrees, including flatbread pizzas, sandwiches and salads alongside a broad selection of the same quality wines offered at Del Frisco's. The first Grille opened in August 2011 at Rockefeller Center in New York City, and a second location opened in November 2011 in Dallas, TX. Additional Grille openings are planned over the next year and they will range in size from 6,500 to 8,500 square feet with seating capacity for at least 200 people. Annual revenue at Grille restaurants are projected in the $4.0 million and $6.0 million range with an average check of between $45 and $55.
The company opened its first restaurant in Dallas, TX over 20 years ago.
The company went public on July 27, 2012 on the Nasdaq stock market offering 5.8 million shares at $13 each.
Updated August 10, 2012