Darden Restaurants: Serves Up Disappointment

by Garry Watts September 28, 2017, 0:12
Darden Restaurants: Serves Up Disappointment

(NYSE:DRI) from $96.00 to $90.00 indicating a possible upside of 0.13%. Honkamp Krueger Financial Services Inc. now owns 2,788 shares of the restaurant operator's stock valued at $252,000 after buying an additional 9 shares during the last quarter. It turned negative, as 46 investors sold Darden Restaurants, Inc. shares while 190 reduced holdings. Bruderman Asset Management LLC now owns 2,532 shares of the restaurant operator's stock valued at $229,000 after buying an additional 10 shares during the last quarter.

Now we take a performance look how Darden Restaurants, Inc. OxFORD Asset Management LLP now owns 65,717 shares of the restaurant operator's stock worth $5,943,000 after acquiring an additional 32,721 shares in the last quarter. Huntington National Bank boosted its stake in Darden Restaurants by 4.6% during the second quarter. The stock traded within a range of $77.55 and $81.73. The insider now holds 1,873 shares of Darden Restaurants, Inc. Farmers & Merchants Investments Inc. increased its stake in Darden Restaurants by 255.5% in the second quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company.

Royal Bank Of Canada reiterated their hold rating on shares of Darden Restaurants, Inc. The stock had a trading volume of 994,570 shares.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -4.95%, and has a solid year to date (YTD) performance of 6.86% which means that the stock is constantly adding to its value from the previous fiscal year end price.

In the market the company is trading up by 3.29% percent from yesterday's close. Finance Architects holds 0.04% of its portfolio in Darden Restaurants, Inc.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $0.88 EPS. The company's sales went up 12.9% on a YOY basis.

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The company recently declared a dividend for shareholders to be paid on Wednesday November 1st, 2017. Ing Groep Nv holds 0.02% or 10,131 shares. Darden Restaurants's dividend payout ratio (DPR) is presently 66.14%.

03/29/2017 - Darden Restaurants, Inc. was downgraded to "neutral" by analysts at BTIG Research. On Thursday, October 8 the stock rating was upgraded by Evercore to "Buy". Jefferies maintained it with "Hold" rating and $90.0 target in Monday, September 11 report.

The average Wall Street analyst rating for Darden Restaurants, Inc.is Hold, according to the average of 17 analyst scores. The current consensus recommendation provided by covering analysts is 2.70.

In other news, insider Eugene I. Lee, Jr. sold 93,125 shares of the business's stock in a transaction that occurred on Thursday, June 29th. However, the institutional investors are observed to own 91.50% of the total shares.

On 4/3/2017 David C George, Insider, sold 84,283 with an average share price of $83.13 per share and the total transaction amounting to $7,006,445.79. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

The stock decreased 0.10% or $0.02 on September 26, reaching $19.73. As a result, Darden Restaurants, Inc. attained a Profit Margin of 6.70% *.

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