Invictus RG acquired a new stake in Darden Restaurants, Inc. (NYSE:DRI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,886 shares of the restaurant operator’s stock, valued at approximately $409,000.

Several other large investors also recently bought and sold shares of DRI. Van ECK Associates Corp acquired a new position in Darden Restaurants during the fourth quarter worth about $113,000. Ledyard National Bank increased its position in Darden Restaurants by 399.4% in the first quarter. Ledyard National Bank now owns 1,638 shares of the restaurant operator’s stock worth $137,000 after buying an additional 1,310 shares in the last quarter. Whittier Trust Co. increased its position in Darden Restaurants by 5.0% in the first quarter. Whittier Trust Co. now owns 2,477 shares of the restaurant operator’s stock worth $207,000 after buying an additional 117 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Darden Restaurants during the first quarter worth about $215,000. Finally, Ashfield Capital Partners LLC acquired a new position in Darden Restaurants during the first quarter worth about $217,000. Institutional investors and hedge funds own 96.84% of the company’s stock.

Institutional Ownership by Quarter for Darden Restaurants (NYSE:DRI)

Shares of Darden Restaurants, Inc. (NYSE:DRI) traded up 1.19% during mid-day trading on Thursday, reaching $89.33. 550,018 shares of the company traded hands. The company has a market capitalization of $11.11 billion, a P/E ratio of 22.82 and a beta of 0.25. The stock’s 50-day moving average is $88.75 and its 200-day moving average is $79.92. Darden Restaurants, Inc. has a 52 week low of $59.50 and a 52 week high of $93.02.

Darden Restaurants (NYSE:DRI) last announced its earnings results on Monday, March 27th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Darden Restaurants had a net margin of 7.04% and a return on equity of 26.25%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. On average, equities analysts predict that Darden Restaurants, Inc. will post $3.99 EPS for the current fiscal year.

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A number of research analysts recently issued reports on the stock. Robert W. Baird restated a “neutral” rating and set a $90.00 target price (up from $85.00) on shares of Darden Restaurants in a research report on Monday. Maxim Group restated a “hold” rating and set a $90.00 target price on shares of Darden Restaurants in a research report on Wednesday. Royal Bank Of Canada boosted their target price on shares of Darden Restaurants from $80.00 to $86.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 29th. BTIG Research downgraded shares of Darden Restaurants from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 29th. They noted that the move was a valuation call. Finally, Canaccord Genuity boosted their target price on shares of Darden Restaurants from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, March 29th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $79.25.

In other news, insider Eugene I. Lee, Jr. sold 98,124 shares of Darden Restaurants stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $83.19, for a total transaction of $8,162,935.56. Following the completion of the sale, the insider now directly owns 177,737 shares in the company, valued at $14,785,941.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David C. George sold 84,283 shares of Darden Restaurants stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $83.13, for a total transaction of $7,006,445.79. Following the sale, the insider now owns 78,010 shares of the company’s stock, valued at $6,484,971.30. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Darden Restaurants Company Profile

Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

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