Rational Advisors LLC held its stake in Darden Restaurants, Inc. (NYSE:DRI) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,900 shares of the restaurant operator’s stock at the end of the second quarter. Rational Advisors LLC’s holdings in Darden Restaurants were worth $986,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Harwood Advisory Group LLC purchased a new stake in Darden Restaurants during the first quarter valued at $1,940,000. GW Henssler & Associates Ltd. boosted its stake in Darden Restaurants by 4.1% in the first quarter. GW Henssler & Associates Ltd. now owns 114,399 shares of the restaurant operator’s stock valued at $9,572,000 after buying an additional 4,497 shares during the period. First Manhattan Co. boosted its stake in Darden Restaurants by 2.8% in the first quarter. First Manhattan Co. now owns 2,754 shares of the restaurant operator’s stock valued at $168,000 after buying an additional 75 shares during the period. Nationwide Fund Advisors boosted its stake in Darden Restaurants by 0.8% in the first quarter. Nationwide Fund Advisors now owns 108,854 shares of the restaurant operator’s stock valued at $9,108,000 after buying an additional 892 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its stake in Darden Restaurants by 2.5% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,025 shares of the restaurant operator’s stock valued at $337,000 after buying an additional 100 shares during the period. 95.48% of the stock is owned by institutional investors and hedge funds.

Shares of Darden Restaurants, Inc. (NYSE:DRI) opened at 83.34 on Friday. The firm’s 50-day moving average is $87.37 and its 200-day moving average is $83.18. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 21.91 and a beta of 0.27. Darden Restaurants, Inc. has a 12-month low of $60.16 and a 12-month high of $95.22.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings data on Tuesday, June 27th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.03. Darden Restaurants had a net margin of 6.68% and a return on equity of 26.18%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. Darden Restaurants’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts forecast that Darden Restaurants, Inc. will post $4.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.63 per share. This is an increase from Darden Restaurants’s previous quarterly dividend of $0.56. This represents a $2.52 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, July 6th. Darden Restaurants’s payout ratio is currently 66.14%.

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Several analysts have recently weighed in on the stock. Robert W. Baird reissued a “neutral” rating and issued a $94.00 price target (up previously from $90.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. Royal Bank Of Canada increased their price target on shares of Darden Restaurants from $86.00 to $96.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $100.00 price target (up previously from $85.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $93.00 price target (up previously from $82.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $87.00 price target (up previously from $81.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.78.

In other Darden Restaurants news, insider Eugene I. Lee, Jr. sold 93,125 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $91.58, for a total transaction of $8,528,387.50. Following the completion of the sale, the insider now directly owns 165,062 shares in the company, valued at $15,116,377.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is owned by insiders.

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

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