Asset Management One Co. Ltd. lowered its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) by 2.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 328,823 shares of the restaurant operator’s stock after selling 9,708 shares during the period. Asset Management One Co. Ltd. owned approximately 0.27% of Darden Restaurants worth $25,932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bruderman Asset Management LLC lifted its stake in shares of Darden Restaurants by 0.4% in the 2nd quarter. Bruderman Asset Management LLC now owns 2,532 shares of the restaurant operator’s stock worth $229,000 after purchasing an additional 10 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Darden Restaurants by 0.5% in the second quarter. Wedbush Securities Inc. now owns 3,195 shares of the restaurant operator’s stock valued at $289,000 after purchasing an additional 15 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Darden Restaurants by 1.7% in the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 21 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Darden Restaurants by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,238 shares of the restaurant operator’s stock valued at $835,000 after purchasing an additional 28 shares in the last quarter. Finally, Peddock Capital Advisors LLC grew its holdings in shares of Darden Restaurants by 0.7% in the second quarter. Peddock Capital Advisors LLC now owns 9,524 shares of the restaurant operator’s stock valued at $861,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 91.94% of the company’s stock.

Several analysts have recently weighed in on the company. Royal Bank Of Canada decreased their target price on Darden Restaurants from $96.00 to $90.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 27th. Oppenheimer restated a “buy” rating and issued a $100.00 price objective on shares of Darden Restaurants in a report on Wednesday, September 20th. BMO Capital Markets set a $80.00 price objective on Darden Restaurants and gave the company a “hold” rating in a report on Thursday, October 19th. Jefferies Group restated a “hold” rating and issued a $82.00 price objective (down from $90.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $88.00 price objective (down from $93.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $88.48.

Shares of Darden Restaurants, Inc. (NYSE:DRI) opened at $86.41 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $10,686.61, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.89 and a beta of 0.22. Darden Restaurants, Inc. has a twelve month low of $71.01 and a twelve month high of $95.22.

Darden Restaurants (NYSE:DRI) last issued its earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.99. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. equities research analysts anticipate that Darden Restaurants, Inc. will post 4.43 earnings per share for the current year.

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Darden Restaurants 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).

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

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