Romano Brothers AND Firm acquired a brand new place in Darden Eating places, Inc. (NYSE:DRI – Get Score) in the course of the fourth quarter, based on its most up-to-date 13F submitting with the SEC. The agency acquired 1,951 shares of the restaurant operator, valued at roughly $270,000.

Financial institution accounts: frozen! (From Weiss Scores)

Plenty of different giant traders have additionally just lately modified their holdings within the firm. Cetera Advisor Networks LLC elevated its place in Darden Eating places by 2.6% in the course of the first quarter. Cetera Advisor Networks LLC now owns 3,237 shares of the restaurant operator price $430,000 after buying a further 83 shares within the latest quarter. DA Davidson & CO. elevated his place in Darden Eating places by 25.1% in the course of the first quarter. DA Davidson & CO. He now owns 2,001 shares of the restaurant operator price $266,000 after buying one other 401 shares within the latest quarter. Healthcare of Ontario Pension Plan Belief Fund acquired a brand new place in Darden Eating places in the course of the first quarter for roughly $150,000. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS elevated its place in Darden Eating places by 4.9% in the course of the first quarter. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS now owns 17,090 shares of the restaurant operator price $2,272,000 after buying one other 800 shares in the latest quarter. Lastly, Dimensional Fund Advisors LP elevated its place in Darden Eating places by 17.1% in the course of the first quarter. Dimensional Fund Advisors LP now owns 776,082 shares of the restaurant operator valued at $103,176,000 after buying a further 113,548 shares within the latest quarter. 89.23% of the inventory is presently owned by hedge funds and different institutional traders.

Value efficiency of Darden eating places

Shares of DRI opened at $152.58 on Friday. The corporate has a market cap of $18.57 billion, a P/E ratio of 21.05, a PEG ratio of 1.93, and a beta of 1.23. The inventory has a fifty-day transferring common value of $147.52 and a 200-day transferring common value of $141.31. The corporate has a debt-to-equity ratio of 0.44, a present ratio of 0.47, and a immediate ratio of 0.31. Darden Eating places, Inc. has a 12-month low of $110.96 and a 12-month excessive of $154.14.

Darden Eating places (NYSE:DRI – Get Score) final launched its quarterly earnings knowledge on Thursday, March 23. The restaurant operator reported earnings per share of $2.34 for the quarter, beating analyst consensus estimates of $2.24 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 had a ROE of 42.51% and a internet margin of 9.10%. The corporate’s revenues elevated 13.8% yr over yr. Throughout the identical interval a yr earlier, the corporate earned $1.93 EPS. On common, analysis analysts count on Darden Eating places, Inc. to submit earnings per share of seven.94 for the present yr.

Darden Eating places Publicizes Dividend

The corporate additionally just lately introduced a quarterly dividend, which can 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. That represents a $4.84 year-over-year dividend and a yield of three.17%. Darden Eating places’ payout ratio is presently 66.76%.

Insider shopping for and promoting

In associated information, insider Melvin John Martin bought 2,000 shares of the corporate in a deal Wednesday, Jan. 4. The inventory bought at a mean value of $141.95, for a complete transaction of $283,900.00. Following the completion of the transaction, the insider now straight owns 12,364 shares of the corporate, valued at roughly $1,755,069.80. The sale was disclosed in a submitting with the SEC, obtainable at this hyperlink. In different Darden Eating places information, insider Melvin John Martin bought 2,000 shares of the corporate in a deal Wednesday, Jan. 4. The inventory bought at a mean value of $141.95, for a complete transaction 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 submitting with the Securities & Change Fee, obtainable at this hyperlink. Moreover, SVP Douglas J. Milanes bought 2,229 shares of the corporate in a deal on Tuesday, Jan. 10. The inventory bought at a mean value of $150.00, for a complete worth of $334,350.00. Because of the transaction, the senior vice chairman now owns 5,328 shares of the corporate, valued at roughly $799,200. Disclosure for this sale is accessible right here. Insiders have bought a complete of 9,229 shares of the corporate price $1,358,200 prior to now three months. 0.93% of the shares are owned by insiders.

Analyst upgrades and downgrades

A number of inventory analysts have just lately commented on the corporate. Cowen raised its value goal on Darden eating places from $140.00 to $155.00 in a analysis report Wednesday, December 7. KeyCorp raised its value goal on Darden eating places from $150.00 to $160.00 in a analysis report on Friday, December 9. Evercore ISI raised its goal value on Darden Eating places from $150.00 to $153.00 and gave the corporate an “On Line” ranking in a analysis report on Monday, December 19. Financial institution of America raised the goal value on Darden eating places from $170.00 to $172.00 in a analysis report on Friday. Lastly, BMO Capital Markets raised the goal value on Darden eating places on Friday from $145.00 to $150.00 in a analysis report. 5 fairness analysis analysts have rated the inventory with a maintain ranking and twenty have given the corporate a purchase ranking. Based on MarketBeat, the corporate presently has a consensus ranking of “Reasonable Purchase” and a mean value goal of $159.85.

Firm Profile of Darden Eating places

(Get Score)

Darden Eating places, Inc is a full service restaurant firm, engaged within the provision of restaurant companies. It operates by means of the next segments: Olive Backyard, LongHorn Steakhouse, Tremendous Eating and Different Enterprise. The Olive Backyard section is the most important operator of full-service Italian eating places.

See additionally

Need 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 Score).

This prompt 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 workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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