Schroder Investment Management Group lowered its position in shares of Darden Restaurants, Inc. (NYSE:DRI) by 13.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,236 shares of the restaurant operator’s stock after selling 28,017 shares during the period. Schroder Investment Management Group owned approximately 0.15% of Darden Restaurants worth $14,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. D.A. Davidson & CO. increased its holdings in shares of Darden Restaurants by 1.7% during the 2nd quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock worth $114,000 after buying an additional 21 shares during the last quarter. M&R Capital Management Inc. acquired a new stake in Darden Restaurants in the 2nd quarter valued at approximately $108,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Darden Restaurants in the 3rd quarter valued at approximately $115,000. First National Trust Co. acquired a new stake in Darden Restaurants in the 2nd quarter valued at approximately $217,000. Finally, Bruderman Asset Management LLC increased its holdings in Darden Restaurants by 0.4% in the 2nd quarter. Bruderman Asset Management LLC now owns 2,532 shares of the restaurant operator’s stock valued at $229,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 91.94% of the company’s stock.
Darden Restaurants, Inc. (NYSE:DRI) opened at $85.53 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.24 and a current ratio of 0.38. The stock has a market cap of $10,653.22, a P/E ratio of 20.86, a P/E/G ratio of 1.89 and a beta of 0.22. Darden Restaurants, Inc. has a one year low of $71.01 and a one year high of $95.22.
Darden Restaurants (NYSE:DRI) last announced its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.93 billion. Darden Restaurants had a net margin of 6.60% and a return on equity of 26.06%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. research analysts forecast that Darden Restaurants, Inc. will post 4.43 EPS for the current fiscal year.
Several analysts recently weighed in on DRI shares. Credit Suisse Group dropped their target price on shares of Darden Restaurants from $85.00 to $82.00 and set a “neutral” rating for the company in a report on Wednesday, September 27th. Stifel Nicolaus started coverage on shares of Darden Restaurants in a report on Monday, October 2nd. They issued a “buy” rating and a $92.00 target price for the company. Maxim Group reiterated a “hold” rating and issued a $90.00 target price on shares of Darden Restaurants in a report on Thursday, September 21st. Robert W. Baird reiterated a “hold” rating and issued a $94.00 target price on shares of Darden Restaurants in a report on Tuesday, September 19th. Finally, ValuEngine upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Darden Restaurants has a consensus rating of “Hold” and an average target price of $87.59.
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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).
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