Pinnacle Associates Ltd. acquired a brand new stake in Darden Eating places, Inc. (NYSE:DRI – Get Ranking) inventory in the course of the fourth quarter, in line with its most up-to-date disclosure to the Securities and Alternate Fee (SEC). The agency acquired 1,476 shares of the restaurant operator, valued at roughly $219,000.

The bear market skilled makes a brand new prediction (From Legacy Analysis)

A lot of different institutional buyers and hedge funds have additionally not too long ago modified their holdings in DRI. Clear Views Monetary Planning LLC bought a brand new stake in Darden Eating places within the third quarter valued at roughly $28,000. Guardian Wealth Advisors LLC purchased a brand new place in Darden Eating places inventory within the third quarter for $31,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. elevated its holdings in Darden Eating places by 333.3% in the course of the fourth quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 260 shares of the restaurant operator value $36,000 after shopping for one other 200 shares in the course of the latest quarter. McElhenny Sheffield Capital Administration LLC purchased a brand new stake in Darden Eating places in the course of the fourth quarter valued at $41,000. Lastly, Non-public Belief Co. NA elevated its stake in Darden Eating places by 157.3% within the third quarter. Non-public Belief Co. NA now owns 386 shares of the restaurant operator value $49,000 after buying one other 236 shares throughout the latest quarter. 89.23% of the inventory is held by institutional buyers.

Analysts set new value targets

A lot of analysis firms have not too long ago evaluated the DRI. Evercore ISI raised Darden Eating places’ share value goal from $150.00 to $153.00 and gave the inventory an “in line” score in a report on Monday, December 19. Credit score Suisse Group raised its value goal on Darden Eating places from $157.00 to $165.00 and gave the inventory an “outperform” score in a analysis report on Friday, March 24. Barclays raised the goal value on Darden eating places from $168.00 to $173.00 and gave the corporate an “obese” score in a report on Friday, March 24. StockNews.com started protecting the shares of Darden Eating places in a report on Thursday, March 16. They’ve issued a “purchase” score on the inventory. Lastly, Stephens raised its value goal on shares of Darden Eating places from $150.00 to $165.00 and gave the inventory an “obese” score in a report on Thursday, March 23. 5 analysis analysts have rated the inventory with a maintain score and twenty have issued a purchase score for the inventory. In line with knowledge from MarketBeat.com, Darden Eating places has a consensus score of “Reasonable Purchase” and a mean value goal of $160.23.

Insider shopping for and promoting

In different information, President Eugene I. Lee, Jr. offered 78,916 shares of the corporate in a deal dated Tuesday, March 28. The shares offered at a mean value of $153.93, for a complete transaction of $12,147,539.88. Because of the sale, the president now owns 199,856 shares of the corporate, valued at roughly $30,763,834.08. The sale was disclosed in a authorized submitting with the SEC, accessible by way of this hyperlink. In different Darden Eating places information, SVP Richard L. Renninger offered 5,000 shares of the corporate in a deal dated Friday, Jan. 13. The inventory offered at a mean value of $147.99, for a complete worth of $739,950.00. Because of the transaction, the senior vice chairman now straight owns 22,368 shares of the corporate, valued at $3,310,240.32. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is offered on the SEC’s web site. Moreover, President Eugene I. Lee, Jr. offered 78,916 shares in a transaction that occurred on Tuesday, March 28. The inventory offered at a mean value of $153.93, for a complete transaction of $12,147,539.88. Following the completion of the transaction, the president now owns 199,856 shares of the corporate, valued at roughly $30,763,834.08. Disclosure for this sale is offered right here. Over the previous ninety days, insiders have offered 103,840 shares of the corporate at a worth of $15,961,460. 0.93% of the shares are owned by company insiders.

Darden restaurant shares down 1.4%

Shares of Darden Eating places opened at $149.70 on Friday. The corporate has a 50-day easy transferring common of $148.60 and a two-hundred-day easy transferring common of $143.00. Darden Eating places, Inc. has a 52-week low of $110.96 and a 52-week excessive of $155.90. The corporate has a debt-to-equity ratio of 0.43, a quick ratio of 0.30, and a present ratio of 0.46. The inventory has a market cap of $18.10 billion, a PE of 19.54, a price-to-earnings-to-growth ratio of 1.90, and a beta of 1.23.

Darden Eating places (NYSE:DRI – Get Ranking) final introduced its quarterly earnings knowledge on Thursday, March 23. The restaurant operator reported earnings per share of $2.34 for the quarter, topping analyst consensus estimates of $2.24 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 in the course of the quarter, in contrast with analyst estimates of $2.73 billion. Throughout the identical interval a yr earlier, the corporate earned $1.93 EPS. The corporate’s income for the quarter elevated 13.8% yr over yr. On common, analysts count on Darden Eating places, Inc. to put up 7.94 EPS for the present fiscal yr.

Darden Eating places dividend announcement

The corporate additionally not too long ago introduced a quarterly dividend, which will likely be paid on Monday, Might 1. Traders registered on Monday, April 10 will obtain a dividend of $1.21 per share. The ex-dividend date for this dividend is Thursday 6 April. This represents an annualized dividend of $4.84 and a dividend yield of three.23%. Darden Eating places’ Dividend Payout Ratio (DPR) is at the moment 63.19%.

Firm Profile of Darden Eating places

(Get Ranking)

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 biggest operator of full-service Italian eating places.

to know extra

Wish to see which different hedge funds maintain DRI? Go to HoldingsChannel.com to get the most recent 13F disclosures and insider buying and selling for Darden Eating places, Inc. (NYSE: DRI – Get Ranking).

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