Darden Restaurants, Inc. (NYSE:DRI) Holdings Trimmed by GWM Advisors LLC

GWM Advisors LLC cut its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,982 shares of the restaurant operator’s stock after selling 335 shares during the period. GWM Advisors LLC’s holdings in Darden Restaurants were worth $484,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sageworth Trust Co bought a new stake in shares of Darden Restaurants during the 1st quarter worth $25,000. NuWave Investment Management LLC raised its stake in shares of Darden Restaurants by 3,628.6% during the 1st quarter. NuWave Investment Management LLC now owns 261 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 254 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Darden Restaurants during the 1st quarter worth $40,000. Oregon Public Employees Retirement Fund raised 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 worth $41,000 after purchasing an additional 4,102,562 shares during the period. Finally, Gables Capital Management Inc. bought a new stake in shares of Darden Restaurants during the 1st quarter worth $50,000. Institutional investors and hedge funds own 88.86% of the company’s stock.

In related news, insider Eugene I. Lee, Jr. sold 73,152 shares of Darden Restaurants stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $118.61, for a total value of $8,676,558.72. Following the completion of the sale, the insider now owns 190,025 shares of the company’s stock, valued at approximately $22,538,865.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John W. Madonna sold 330 shares of Darden Restaurants stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $118.76, for a total value of $39,190.80. Following the completion of the sale, the senior vice president now directly owns 1,680 shares of the company’s stock, valued at approximately $199,516.80. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

A number of equities research analysts have recently commented on the company. UBS Group assumed coverage on Darden Restaurants in a research note on Friday, April 26th. They set a “buy” rating and a $133.00 target price on the stock. Zacks Investment Research upgraded Darden Restaurants from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research note on Thursday, May 9th. Wedbush lifted their target price on Darden Restaurants from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Maxim Group reiterated a “buy” rating and set a $132.00 target price (up from $128.00) on shares of Darden Restaurants in a research note on Thursday. Finally, Loop Capital lifted their target price on Darden Restaurants to $140.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. Darden Restaurants currently has an average rating of “Buy” and an average price target of $130.12.

Shares of DRI opened at $119.68 on Friday. Darden Restaurants, Inc. has a fifty-two week low of $91.34 and a fifty-two week high of $125.33. The stock has a market capitalization of $14.72 billion, a P/E ratio of 24.88, a PEG ratio of 1.81 and a beta of 0.30. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.40.

Darden Restaurants (NYSE:DRI) last announced its quarterly earnings data on Thursday, March 21st. The restaurant operator reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.05. Darden Restaurants had a return on equity of 30.28% and a net margin of 8.08%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $1.71 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts expect that Darden Restaurants, Inc. will post 5.78 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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Institutional Ownership by Quarter for Darden Restaurants (NYSE:DRI)

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