Hallmark Capital Administration Inc. diminished its place in shares of Darden Eating places, Inc. (NYSE:DRI – Get Ranking) by 2.4% through the fourth quarter, in accordance with its newest Type 13F filed with the Securities & Alternate Fee. The fund owned 116,216 shares of the restaurant supervisor after promoting 2,918 shares through the interval. Hallmark Capital Administration Inc. owned roughly 0.10% of Darden Eating places valued at $16,076,000 at its most up-to-date submitting with the Securities & Alternate Fee.
A number of different hedge funds and different institutional traders have additionally made modifications to their positions in DRI. Clear Views Monetary Planning LLC bought a brand new place in Darden Eating places through the third quarter valued at roughly $28,000. Kistler Tiffany Corporations LLC bought a brand new stake in Darden Eating places inventory within the fourth quarter for about $31,000. Guardian Wealth Advisors LLC bought a brand new stake in Darden Eating places inventory through the third quarter for about $31,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. elevated its holdings in Darden Eating places by 333.3% through the fourth quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 260 shares of the restaurant operator value $36,000 after buying one other 200 shares through the interval. Lastly, McElhenny Sheffield Capital Administration LLC purchased a brand new place in Darden Eating places within the fourth quarter for $41,000. Hedge funds and different institutional traders personal 89.23% of the corporate’s shares.
Darden restaurant inventory efficiency
Shares of Darden Eating places opened at $152.42 on Friday. The corporate has a market cap of $18.43 billion, a P/E ratio of 19.90, a PEG ratio of 1.91, and a beta of 1.23. Darden Eating places, Inc. has a 52-week low of $110.96 and a 52-week excessive of $155.90. The corporate has a quick ratio of 0.30, a present ratio of 0.46, and a debt-to-equity ratio of 0.43. The corporate has a 50-day shifting common worth of $149.11 and a 200-day shifting common worth of $143.97.
Darden Eating places (NYSE:DRI – Get Ranking) final launched its quarterly earnings information on Thursday, March 23. The restaurant operator reported earnings per share of $2.34 for the quarter, topping the $2.24 consensus estimate by $0.10. Darden Eating places reported a web margin of 9.19% and a return on fairness of 45.62%. The corporate reported income of $2.79 billion through the quarter, up from the consensus estimate of $2.73 billion. In the identical interval a 12 months earlier, the corporate reported earnings per share of $1.93. The corporate’s income for the quarter elevated 13.8% over the identical quarter final 12 months. Promote-side analysts count on Darden Eating places, Inc. to put up 7.94 EPS for the present 12 months.
Darden Eating places Declares Dividend
The corporate additionally just lately introduced a quarterly dividend, which will likely be paid on Monday, Could 1. Shareholders of file on Monday, April 10 will obtain a $1.21 dividend. This represents a $4.84 annualized dividend and a 3.18% dividend yield. The ex-dividend date is Thursday 6 April. Darden Eating places’ dividend payout ratio is at the moment 63.19%.
Analysts set new worth targets
DRI has been the topic of plenty of current analyst reviews. Barclays raised its share worth goal of Darden Eating places from $168.00 to $173.00 and gave the corporate an “obese” ranking in a analysis word on Friday, March 24. Citigroup raised its worth goal on shares of Darden Eating places from $165.00 to $169.00 and gave the corporate a “purchase” ranking in a analysis word on Friday, March 24. StockNews.com started protection of Darden Eating places in a analysis word on Thursday, March 16. They’ve issued a “purchase” ranking on the inventory. Oppenheimer reiterated an “outperform” ranking and set a $175.00 worth goal on Darden Eating places shares in a Wednesday, March 15 report. Lastly, Stifel Nicolaus raised the goal worth on Darden eating places from $150.00 to $160.00 in a report on Friday, March 10. 5 analysts have rated the inventory with a maintain ranking and twenty have given the corporate a purchase ranking. Primarily based on information from MarketBeat, the corporate at the moment has a consensus ranking of “Average Purchase” and a median worth goal of $160.23.
Insider operations in Darden eating places
In associated information, CEO Ricardo Cardenas offered 12,735 shares of the corporate in a transaction that came about on Tuesday, March 28. The inventory offered at a median worth of $155.02, for a complete worth of $1,974,179.70. Because of the sale, the CEO now owns 48,304 shares of the corporate, valued at $7,488,086.08. The sale was disclosed in a authorized submitting with the SEC, obtainable by way of this hyperlink. In associated information, CEO Ricardo Cardenas offered 12,735 shares of the corporate in a deal on Tuesday, March 28. The shares offered at a median worth of $155.02, for a complete transaction of $1,974,179.70. Following the completion of the transaction, the Chief Govt Officer now owns 48,304 shares of the corporate, valued at $7,488,086.08. The sale was disclosed in a submitting with the SEC, which is out there on the SEC’s web site. Moreover, SVP Douglas J. Milanes offered 2,229 shares of the corporate in a deal on Monday, March 27. The shares offered at a median worth of $155.00, for a complete transaction of $345,495.00. Following the completion of the sale, the senior vice chairman now straight owns 5,330 shares of the corporate, valued at $826,150. Disclosure for this sale is out there right here. Insiders have offered a complete of 96,611 shares of the corporate value $14,887,160 previously three months. 0.93% of the shares are at the moment owned by insiders.
Info on Darden eating places
Darden Eating places, Inc is a full service restaurant firm, engaged within the provision of restaurant companies. It operates by way of the next segments: Olive Backyard, LongHorn Steakhouse, Tremendous Eating and Different Enterprise. The Olive Backyard phase is the biggest operator of full-service Italian eating places.
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