The “King Of Quants” sees 10 instances extra potential… (From Investor Place Media)
Darden Eating places, Inc. (NYSE:DRI – Get Score) – Jefferies Monetary Group raised its full-year 2023 earnings estimates for Darden Eating places in a report launched Thursday, March 23. Jefferies Monetary Group analyst A. Barish now expects the restaurant operator to put up earnings of $8.00 per share for the 12 months, up from its earlier forecast of $7.78. The consensus estimate for Darden Eating places’ present full-year earnings is $7.97 per share. Jefferies Monetary Group additionally launched estimates for Darden Eating places fourth quarter 2023 earnings at $2.58 EPS, first quarter 2024 earnings at $1.78 EPS, second quarter 2024 earnings at $1.59 EPS, 2024 third quarter earnings at $2.70 EPS, 2024 fourth quarter earnings at $2.61 EPS, FY2024 earnings at $8.68 EPS, and FY2025 earnings at $9.53 EPS.
A variety of different fairness analysis analysts have additionally not too long ago launched studies on the DRI. Stifel Nicolaus raised his worth goal on Darden Eating places inventory from $150.00 to $160.00 in a analysis report on Friday, March 10. Citigroup raised its worth goal on shares of Darden Eating places from $165.00 to $169.00 and gave the inventory a “purchase” score in a analysis report Friday. Financial institution of America raised its worth goal on shares of Darden Eating places from $170.00 to $172.00 in a analysis report on Friday. Credit score Suisse Group raised Darden Eating places’ share worth goal from $157.00 to $165.00 and gave the corporate an “outperform” score in a analysis notice Friday. Lastly, the Royal Financial institution of Canada raised the indicative share worth of Darden Eating places from $160.00 to $165.00 and gave the corporate an “outperform” score in a analysis notice Friday. 5 analysis analysts have rated the inventory with a maintain score and twenty have assigned a purchase score to the inventory. Based on knowledge from MarketBeat.com, the corporate presently has a mean score of “Reasonable Purchase” and a consensus worth goal of $159.85.
Darden Eating places buying and selling up 1.4%
NYSE: DRI opened at $152.58 on Monday. Darden Eating places has a one-year low of $110.96 and a one-year excessive of $154.14. The corporate has a debt-to-equity ratio of 0.43, a present ratio of 0.46, and a immediate ratio of 0.31. The corporate has a 50-day shifting common of $147.52 and a 200-day shifting common of $141.43. The corporate has a market cap of $18.57 billion, a PE ratio of 19.92, a PEG ratio of 1.90, and a beta of 1.23.
Darden Eating places (NYSE:DRI – Get Score) final launched earnings outcomes 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. The corporate reported income of $2.79 billion in the course of the quarter, in comparison with the consensus estimate of $2.73 billion. Darden Eating places reported a internet margin of 9.19% and a return on fairness of 45.62%. The corporate’s income for the quarter elevated 13.8% 12 months over 12 months. In the identical interval a 12 months earlier, the corporate reported earnings per share of $1.93.
Hedge funds weigh on Darden’s eating places
A variety of institutional buyers have not too long ago made adjustments to their positions within the inventory. Clear Views Monetary Planning LLC bought a brand new inventory place in Darden Eating places in the course of the third quarter valued at $28,000. Resurgent Monetary Advisors LLC bought a brand new inventory place in Darden Eating places in the course of the fourth quarter valued at $29,000. Heritage Wealth Administration LLC bought a brand new inventory place in Darden Eating places in the course of the second quarter valued at $31,000. Guardian Wealth Advisors LLC bought a brand new inventory place in Darden Eating places in the course of the third quarter valued at $31,000. Lastly, Kistler Tiffany Firms LLC bought a brand new place in Darden Eating places inventory in the course of the fourth quarter for $31,000. Institutional buyers personal 89.23% of the corporate’s shares.
Insider shopping for and promoting
In different information, SVP Richard L. Renninger offered 5,000 shares in a deal on Friday, Jan. 13. The shares offered at a mean worth of $147.99, for a complete worth of $739,950.00. On account of the transaction, the senior vice chairman now owns 22,368 shares of the corporate, valued at roughly $3,310,240.32. The sale was disclosed in a authorized submitting with the Securities & Change Fee, obtainable by way of this hyperlink. In different information, SVP Douglas J. Milanes offered 2,229 shares in a deal on Tuesday, Jan. 10. The shares have been offered at a mean worth of $150.00, for a complete worth of $334,350.00. On account of the transaction, the senior vice chairman now owns 5,328 shares of the corporate, valued at roughly $799,200. The sale was disclosed in a authorized submitting with the Securities & Change Fee, obtainable by way of this hyperlink. Moreover, SVP Richard L. Renninger offered 5,000 shares in a deal on Friday, January 13. The inventory offered at a mean worth of $147.99, for a complete transaction of $739,950.00. Following the completion of the transaction, the senior vice chairman now immediately owns 22,368 shares of the corporate, valued at roughly $3,310,240.32. Disclosure for this sale is offered right here. Over the previous 90 days, insiders offered 9,229 shares of the corporate valued at $1,358,200. Firm insiders personal 0.93% of the corporate’s shares.
Darden Eating places Proclaims Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which might be paid on Monday, Could 1. Traders registered on Monday, April 10 will obtain a dividend of $1.21 per share. That represents a $4.84 year-over-year dividend and a yield of three.17%. The ex-dividend date for this dividend is Thursday 6 April. Darden Eating places’ Dividend Payout Ratio (DPR) is presently 63.19%.
Data on 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, Fantastic Eating and Different Enterprise. The Olive Backyard section is the biggest operator of full-service Italian eating places.
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