The Latest Darden Restaurants, Inc. (DRI) Insider Trading Activity

An Olive Garden restaurant located in Times Square New York
Darden Restaurants Inc. - Receive News & Ratings Daily
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28 September, 2017

(NYSE:DRI) by some 6,325,820 shares, 279 decreased positions by 12,825,959 and 102 held positions by 94,982,263. Honkamp Krueger Financial Services Inc. now owns 2,788 shares of the restaurant operator's stock valued at $252,000 after buying an additional 9 shares during the last quarter.

Several institutional investors have recently bought and sold shares of DRI.

The parent of Olive Garden and LongHorn Steakhouse restaurant chains, said in a statement that net income for the quarter to August 27 rose to US$119.0mln, or 93 USA cents a share, from US$110.2mln, or 87 U.S. cents a share, the same period a year ago. Van ECK Associates has an ownership of 1,625 stocks of the restaurant operator's shares valued $136,000 following purchasing an extra 71 shares through out the previous quarter, Lastly, Huntington National Bank boosted its stake in stocks of Darden Restaurants by 4.6% through out the 2nd period. Darden Restaurants had 60 analyst reports since August 25, 2015 according to SRatingsIntel. Darden Restaurants had a net margin of 6.68% and a return on equity of 26.18%. Dimensional Fund Advisors LP now owns 705,600 shares of the restaurant operator's stock worth $63,820,000 after acquiring an additional 3,072 shares in the last quarter.

Darden Restaurants (DRI) opened at 83.14 on Friday.

The stock of Darden Restaurants Incorporated (NYSE:DRI) registered an increase of 0.58% in short interest. Ledyard National Bank boosted its stake in Darden Restaurants by 4.9% during the second quarter. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.

A number of other hedge funds have also recently added to or reduced their stakes in DRI.

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More notable recent Darden Restaurants, Inc. (NYSE:DRI) can provide us with excellent insight into how the company's stock is performing. The company has a 50-day moving average of $82.69 and a 200-day moving average of $84.83. The company has market cap of $9.74 billion.

Darden Restaurants (NYSE:DRI) last released its earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. On average, equities research analysts anticipate that Darden Restaurants, Inc. will post $4.47 earnings per share for the current year. Its up 0.58% from 10.25M shares, reported previously. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.03%. Bridgeway Capital Inc invested 0.11% in Darden Restaurants, Inc. The rating was maintained by KeyBanc Capital Markets with "Hold" on Wednesday, September 6. On Thursday, October 8 the stock rating was upgraded by Evercore to "Buy". Darden Restaurants has a consensus rating of "Hold" and an average target price of $85.32. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The consensus recommendation for stock is 2.60.

In other news, insider Eugene I. Lee, Jr. sold 93,125 shares of the business's stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $91.58, for a total transaction of $8,528,387.50. During last 3 month period, -5.28% of total institutional ownership has changed in the company shares. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0 analysts gave its stock an Outperform rating.

09/27/2017 - Darden Restaurants, Inc. was upgraded to "outperform" by analysts at Robert W. Baird. "(DRI) Price Target Cut to $90.00" was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and global copyright & trademark laws.

Insider Trading Activity for Darden Restaurants, Inc.

During the quarter, the company's blended same-restaurant sales increased 1.7%, driven by strong sales growth in Olive Garden, Longhorn Steakhouse, the Capital Grille and Eddie V's Prime Seafood.


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