Congress Asset Administration Co. MA minimize its stake in Darden Eating places, Inc. (NYSE:DRI – Get Ranking) by 2.2% throughout the fourth quarter, in keeping with its most up-to-date 13F submitting with the Securities and Trade Fee. The institutional investor owned 635,090 shares of the restaurant operator after promoting 14,273 shares throughout the quarter. Congress Asset Administration Co. MA owned 0.52% of Darden Eating places valued at $87,852,000 on the finish of the latest quarter.
[BREAKING] New “residing missile” to switch nuclear missiles (From behind the markets)
A number of different hedge funds and different institutional traders have additionally elevated or decreased their stakes in DRI. State Road Corp elevated its place in Darden Eating places by 15.3% within the third quarter. State Road Corp now owns 5,757,686 shares of the restaurant operator valued at $727,311,000 after buying an extra 763,728 shares within the latest quarter. Wellington Administration Group LLP elevated its stake in Darden Eating places by 33.5% throughout the first quarter. Wellington Administration Group LLP now owns 1,572,849 shares of the restaurant operator valued at $209,110,000 after buying an extra 394,786 shares throughout the latest quarter. Vanguard Group Inc. elevated its stake in Darden Eating places by 2.6% throughout the first quarter. Vanguard Group Inc. now owns 14,373,923 shares of the restaurant operator price $1,911,012,000 after buying an extra 362,658 shares throughout the latest quarter. Federated Hermes Inc. elevated its stake in Darden Eating places by 151.9% throughout the third quarter. Federated Hermes Inc. now owns 593,130 shares of the restaurant operator valued at $74,924,000 after buying an extra 357,659 shares throughout the latest quarter. Lastly, Renaissance Applied sciences LLC bought a brand new stake in Darden Eating places throughout the second quarter valued at $38,608,000. 89.23% of the inventory is held by institutional traders.
Worth efficiency of Darden eating places
Shares of DRI traded greater by $1.13 throughout noon buying and selling on Friday to hit $151.65. 374,554 shares of the corporate traded by hand, in comparison with its common quantity of 1,251,246. The corporate has a 50-day transferring common of $147.47 and a 200-day transferring common of $141.12. Darden Eating places, Inc. has a 52-week low of $110.96 and a 52-week excessive of $154.14. The inventory has a market cap of $18.46 billion, a worth/earnings ratio of 20.95, a PEG ratio of 1.95, and a beta of 1.23. The corporate has a debt-to-equity ratio of 0.44, a speedy ratio of 0.31, and a present ratio of 0.47.
Darden Eating places (NYSE:DRI – Get Ranking) final launched its quarterly earnings knowledge on Thursday, March 23. The restaurant operator reported earnings per share of $2.34 for the quarter, beating the $2.24 consensus estimate by $0.10. Darden Eating places had a web margin of 9.10% and a return on fairness of 42.51%. The corporate reported income of $2.79 billion throughout the quarter, up from the consensus estimate of $2.73 billion. Throughout the identical prior-year quarter, the corporate earned $1.93 EPS. The corporate’s revenues elevated 13.8% yr over yr. On common, analysts count on Darden Eating places, Inc. to submit 7.85 EPS for the present fiscal yr.
Darden Eating places Broadcasts Dividend
The corporate additionally not too long ago declared a quarterly dividend, which will probably be paid on Monday, Could 1. Traders registered on Monday, April 10 will obtain a $1.21 dividend. This represents a $4.84 annualized dividend and a dividend yield of three.19%. The ex-dividend date for this dividend is Thursday 6 April. The payout ratio of Darden Eating places is 66.76%.
Insider actions at Darden eating places
In associated information, insider Melvin John Martin offered 2,000 shares in a deal dated Wednesday, Jan. 4. The shares offered at a median worth of $141.95, for a complete worth of $283,900.00. Following the completion of the transaction, the insider now owns 12,364 shares of the corporate, valued at roughly $1,755,069.80. The sale was disclosed in a authorized submitting with the SEC, which will be accessed through this hyperlink. In associated information, insider Melvin John Martin offered 2,000 shares in a deal dated Wednesday, Jan. 4. The shares offered at a median worth of $141.95, for a complete worth of $283,900.00. Following the completion of the transaction, the insider now owns 12,364 shares of the corporate, valued at roughly $1,755,069.80. The sale was disclosed in a authorized submitting with the SEC, which will be accessed through this hyperlink. Moreover, SVP Richard L. Renninger offered 5,000 shares in a deal dated Friday, January 13. The shares offered at a median worth of $147.99, for a complete transaction of $739,950.00. Following the completion of the transaction, the senior vice chairman now straight owns 22,368 shares of the corporate, valued at roughly $3,310,240.32. Disclosure for this sale is obtainable right here. In the latest quarter, insiders offered 9,229 shares of the corporate for a price of $1,358,200. Insiders personal 0.93% of the corporate’s shares.
Analyst upgrades and downgrades
Quite a lot of inventory analysis analysts have rated DRI inventory. Evercore ISI raised Darden Eating places’ share worth goal from $150.00 to $153.00 and gave the corporate an “on line” score in a analysis word on Monday, December 19. Morgan Stanley raised Darden Eating places’ share worth goal from $148.00 to $168.00 and gave the corporate an “chubby” score in a analysis word on Wednesday, January 18. Stephens raised its worth goal on Darden Eating places from $150.00 to $165.00 and gave the inventory an “chubby” score in a analysis word Thursday. StockNews.com took over protection of Darden Eating places in a analysis word on Thursday, March 16. They’ve issued a “purchase” score for the corporate. Lastly, Credit score Suisse Group raised its worth goal on Darden Eating places from $157.00 to $165.00 and gave the inventory an “outperform” score in a analysis word Friday. 5 inventory analysis analysts have rated the inventory with a maintain score and twenty-one have assigned a purchase score to the corporate’s inventory. In accordance with knowledge from MarketBeat, the corporate at present has a consensus score of “Reasonable Purchase” and a consensus worth goal of $159.85.
Firm Profile of Darden Eating places
Darden Eating places, Inc is a full service restaurant firm, engaged within the provision of restaurant providers. It operates by way of the next segments: Olive Backyard, LongHorn Steakhouse, Tremendous Eating and Different Enterprise. The Olive Backyard phase is the most important operator of full-service Italian eating places.
This on the spot information alert was powered by MarketBeat’s narrative science know-how and monetary knowledge to supply readers with the quickest and most correct reviews. This story was reviewed by the MarketBeat editorial group previous to publication. Please ship any questions or feedback about this story to email@example.com.
Earlier than you take into account Darden Eating places, you will need to hear this.
MarketBeat tracks Wall Road’s top-rated and best-performing analysis analysts and the shares they advocate to their shoppers each day. MarketBeat recognized the 5 shares high analysts are whispering to their clients to purchase now earlier than the broader market catches on… and Darden Eating places wasn’t on the checklist.
Whereas Darden Eating places at present has a “Reasonable Purchase” score amongst analysts, senior analysts imagine these 5 shares are higher buys.
View the 5 titles right here