LPL Financial LLC lifted its position in shares of Darden Restaurants, Inc. (NYSE:DRI) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,467 shares of the restaurant operator’s stock after purchasing an additional 98 shares during the quarter. LPL Financial LLC’s holdings in Darden Restaurants were worth $1,245,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Private Capital Group LLC boosted its stake in shares of Darden Restaurants by 356.5% during the 4th quarter. Private Capital Group LLC now owns 315 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 246 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Darden Restaurants by 14,173.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,131,508 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 4,102,562 shares during the last quarter. Highwater Wealth Management LLC purchased a new position in shares of Darden Restaurants during the 4th quarter valued at approximately $67,000. Ffcm LLC boosted its stake in shares of Darden Restaurants by 722.1% during the 3rd quarter. Ffcm LLC now owns 49,966 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 43,888 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Darden Restaurants during the 3rd quarter valued at approximately $149,000. Institutional investors and hedge funds own 89.85% of the company’s stock.
In other Darden Restaurants news, Director William S. Simon sold 1,565 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $104.90, for a total value of $164,168.50. Following the sale, the director now directly owns 10,248 shares of the company’s stock, valued at $1,075,015.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is owned by company insiders.
DRI has been the subject of several research analyst reports. Wells Fargo & Co increased their target price on Darden Restaurants from $108.00 to $109.00 and gave the company a “market perform” rating in a research note on Thursday, December 6th. Zacks Investment Research upgraded Darden Restaurants from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Monday, November 19th. Robert W. Baird reduced their target price on Darden Restaurants from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, December 19th. ValuEngine cut Darden Restaurants from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Finally, Barclays reduced their target price on Darden Restaurants from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Thursday, November 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Darden Restaurants currently has an average rating of “Buy” and an average price target of $121.35.
DRI stock opened at $110.04 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.25 and a debt-to-equity ratio of 0.41. The company has a market cap of $13.59 billion, a P/E ratio of 22.88, a PEG ratio of 1.92 and a beta of 0.30. Darden Restaurants, Inc. has a 12-month low of $82.38 and a 12-month high of $124.00.
Darden Restaurants (NYSE:DRI) last posted its quarterly earnings results on Tuesday, December 18th. The restaurant operator reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. Darden Restaurants had a return on equity of 30.48% and a net margin of 8.12%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. Sell-side analysts expect that Darden Restaurants, Inc. will post 5.69 earnings per share for the current year.
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Darden Restaurants 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.
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