State of Wisconsin Investment Board Has $19.72 Million Position in Darden Restaurants, Inc. (DRI)

State of Wisconsin Investment Board boosted its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,264 shares of the restaurant operator’s stock after purchasing an additional 6,939 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.20% of Darden Restaurants worth $19,716,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DRI. Janus Henderson Group PLC boosted its position in Darden Restaurants by 3,640.4% during the 2nd quarter. Janus Henderson Group PLC now owns 737,685 shares of the restaurant operator’s stock valued at $66,717,000 after purchasing an additional 717,963 shares during the period. APG Asset Management N.V. boosted its position in Darden Restaurants by 34.4% during the 3rd quarter. APG Asset Management N.V. now owns 2,361,712 shares of the restaurant operator’s stock valued at $186,056,000 after purchasing an additional 604,364 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Darden Restaurants by 66.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,275,399 shares of the restaurant operator’s stock valued at $115,348,000 after purchasing an additional 510,969 shares during the period. BlackRock Inc. boosted its position in Darden Restaurants by 2.7% during the 2nd quarter. BlackRock Inc. now owns 11,779,249 shares of the restaurant operator’s stock valued at $1,065,316,000 after purchasing an additional 314,996 shares during the period. Finally, Balyasny Asset Management LLC boosted its position in Darden Restaurants by 281.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 181,814 shares of the restaurant operator’s stock valued at $16,443,000 after purchasing an additional 281,814 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

DRI has been the subject of a number of analyst reports. ValuEngine upgraded Darden Restaurants from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Raymond James Financial, Inc. restated a “market perform” rating on shares of Darden Restaurants in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $90.00 target price (down previously from $96.00) on shares of Darden Restaurants in a research note on Friday, September 22nd. Zacks Investment Research raised Darden Restaurants from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, BidaskClub downgraded Darden Restaurants from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $87.59.

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Darden Restaurants, Inc. (DRI) opened at $82.64 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $10,220.34, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.81 and a beta of 0.22. Darden Restaurants, Inc. has a 1-year low of $69.00 and a 1-year high of $95.22.

Darden Restaurants (NYSE:DRI) last issued its earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.99. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. analysts anticipate that Darden Restaurants, Inc. will post 4.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, October 6th. Darden Restaurants’s payout ratio is 65.12%.

Darden Restaurants Company Profile

Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

Institutional Ownership by Quarter for Darden Restaurants (NYSE:DRI)

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