UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Del Frisco's Restaurant Group as Double Eagle Leads the Charge

In a report published Wednesday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on

, and raised the price target from $29.00 to $30.00. In the report, Deutsche Bank noted, “Double Eagle leads the charge; Grille poised for expansion. DFRG posted inline EPS of $0.20 as SSS rebounded from the slow start to 2014 and COGS came in lower than expected, despite +5% 1Q beef inflation. Double Eagle momentum continues, Sullivan's improvements may be starting to take hold and unit potential for Grilles was outlined. LT story remains intact. Est. remain unchanged, but our PT inches up to $30 on DFRG's above-avg. growth. Buy.” Del Frisco's Restaurant Group closed on Tuesday at $26.86.