Baird Boosts Rating On Darden Restaurants, Inc. (DRI)

Baird Boosts Rating On Darden Restaurants, Inc. (DRI)

Baird Boosts Rating On Darden Restaurants, Inc. (DRI)

(NYSE:DRI) that has shown a discernible change in trend levels over the path of recent market activity. Ontario Teachers Pension Plan Board lifted its position in shares of Darden Restaurants by 128.8% during the second quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. The stock of Darden Restaurants, Inc. FMR LLC now owns 3,186,814 shares of the restaurant operator's stock valued at $231,745,000 after buying an additional 1,935,246 shares during the period. Darden Restaurants, Inc. has an annual performance rate of 33.70% *.

The average 1-year price target for Verastem, Inc. Howe Rusling Incorporated invested in 0% or 90 shares. Institutional investors own 88.65% of the company's stock. (NYSE:DRI) for 6,202 shares.

Darden Restaurants Incorporated (NYSE:DRI) had an increase of 0.58% in short interest. $81.78's average target is 4.05% above currents $78.6 stock price. Oppenheimer Holdings, Inc. restated a "buy" rating and set a $100.00 target price on shares of Darden Restaurants in a research report on Wednesday, September 20th.

In related news, insider Eugene I. Lee, Jr. sold 93,125 shares of the stock in a transaction on Thursday, June 29th.

Based on the latest notes released to investors, 5 analysts have issued a rating of "buy", 2 analysts "outperform", 17 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". Jefferies Group LLC lifted their target price on Darden Restaurants from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, June 28th.

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Shares of Darden Restaurants, Inc. (NYSE:DRI) earned "Overweight" rating by Barclays Capital on Wednesday, April 6. Darden Restaurants has a 1 year low of $60.16 and a 1 year high of $95.22. The company's 50-day moving average price is $82.69 and its 200 day moving average price is $84.83. The stock has a market capitalization of $10.02 billion, a P/E ratio of 21.01 and a beta of 0.27. The restaurant operator reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. However it has a net margin of 6.70%. Even excluding the hurricane impact (we estimate -50 bps) for the quarter, OG likely missed comp expectations, modestly disappointing versus higher buy side expectations given management's apparent optimism. During the same period in the prior year, the company earned $1.21 earnings per share. The business's quarterly revenue was up 12.9% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Ing Groep Nv holds 0.02% or 10,131 shares.

Carnival said changes in fuel prices and currency exchange rates lowered its earnings by 3 United States cents per share, while non-cash impairment charges of US$392mln reflected a business realignment in Australia. The ex-dividend date has been established as Thursday the 6th of July 2017. Darden Restaurants's dividend payout ratio (DPR) is 65.50%.

In the transaction dated March 31, 2017, the great number of shares disposed came courtesy the President and CEO; Lee Eugene I Jr disposed a total of 98,124 shares at an average price of $83.19, amounting to approximately $8,162,936. Of those transactions, there were 0 shares of DRI bought and 350,326 shares sold. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Teacher Retirement System Of Texas increased Darden Restaurants Inc (DRI) stake by 27.23% reported in 2017Q2 SEC filing.

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