United Capital Management of KS Inc. Has $886,000 Stake in Darden Restaurants, Inc. (DRI)

United Capital Management of KS Inc. lifted its position in Darden Restaurants, Inc. (NYSE:DRI) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,868 shares of the restaurant operator’s stock after buying an additional 430 shares during the quarter. United Capital Management of KS Inc.’s holdings in Darden Restaurants were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of DRI. BlackRock Inc. boosted its stake in shares of Darden Restaurants by 15.6% in the 3rd quarter. BlackRock Inc. now owns 12,775,361 shares of the restaurant operator’s stock valued at $1,420,492,000 after purchasing an additional 1,720,934 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Darden Restaurants by 290.8% during the second quarter. Millennium Management LLC now owns 1,287,465 shares of the restaurant operator’s stock valued at $137,836,000 after purchasing an additional 958,040 shares in the last quarter. Morgan Stanley boosted its stake in shares of Darden Restaurants by 100.8% during the second quarter. Morgan Stanley now owns 1,520,183 shares of the restaurant operator’s stock valued at $162,751,000 after purchasing an additional 763,239 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Darden Restaurants by 5.2% during the third quarter. Vanguard Group Inc now owns 13,687,194 shares of the restaurant operator’s stock valued at $1,521,879,000 after purchasing an additional 673,563 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Darden Restaurants by 845.5% during the second quarter. Renaissance Technologies LLC now owns 539,900 shares of the restaurant operator’s stock valued at $57,802,000 after purchasing an additional 482,800 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.

Shares of NYSE DRI traded up $0.19 during mid-day trading on Thursday, reaching $105.06. The company’s stock had a trading volume of 40,157 shares, compared to its average volume of 1,693,837. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.84 and a beta of 0.33. The company has a quick ratio of 0.25, a current ratio of 0.41 and a debt-to-equity ratio of 0.41. Darden Restaurants, Inc. has a 52 week low of $82.38 and a 52 week high of $124.00.

Darden Restaurants (NYSE:DRI) last announced its earnings results on Tuesday, December 18th. The restaurant operator reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.01. Darden Restaurants had a net margin of 8.12% and a return on equity of 30.48%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business earned $0.73 earnings per share. Darden Restaurants’s revenue was up 4.9% compared to the same quarter last year. Research analysts expect that Darden Restaurants, Inc. will post 5.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 10th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, January 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.86%. Darden Restaurants’s dividend payout ratio (DPR) is currently 26.20%.

DRI has been the topic of several recent research reports. Zacks Investment Research upgraded Darden Restaurants from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Friday, October 5th. Citigroup lowered their target price on shares of Darden Restaurants from $128.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. SunTrust Banks upped their target price on shares of Darden Restaurants to $137.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Canaccord Genuity upped their target price on shares of Darden Restaurants from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Finally, Mizuho upped their target price on shares of Darden Restaurants from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Darden Restaurants presently has an average rating of “Buy” and a consensus price target of $120.27.

WARNING: “United Capital Management of KS Inc. Has $886,000 Stake in Darden Restaurants, Inc. (DRI)” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2019/01/10/united-capital-management-of-ks-inc-has-886000-stake-in-darden-restaurants-inc-dri.html.

Darden Restaurants Company Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

See Also: How to Invest in the Dividend Aristocrat Index

Want to see what other hedge funds are holding DRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darden Restaurants, Inc. (NYSE:DRI).

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

Receive News & Ratings for Darden Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darden Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply