The Darden Restaurants, Inc. (DRI) Stake Maintained by Catawba Capital Management VA

28 September 2017, 12:11 | Isaac Mcdaniel

Darden Restaurants Inc. - Receive News & Ratings Daily


Finance Architects holds 0.04% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 6,235 shares. Net income for the quarter to August 27 rose to $119.0 million, or 93 cents a share, from $110.2 million, or 87 cents a share, in the same period a year ago. As a result, Darden Restaurants, Inc. attained a Profit Margin of 6.70% *. Huntington National Bank now owns 1,578 shares of the restaurant operator's stock valued at $143,000 after buying an additional 70 shares during the period. PGGM Investments increased its stake in Darden Restaurants by 244.5% in the third quarter.

In other Darden Restaurants news, insider David C. George sold 84,283 shares of the stock in a transaction on Monday, April 3rd.

About 2.07 million shares traded or 3.50% up from the average. Van ECK Associates Corp boosted its position in Darden Restaurants by 4.6% during the first quarter. Institutional investors own 88.65% of the company's stock. As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably. (NYSE:DRI) for 23,662 shares.

Now we take a performance look how Darden Restaurants, Inc.

09/27/2017 - Darden Restaurants, Inc. had its "equal-weight" rating reiterated by analysts at Stephens. In this case performance of tends to percentage rate of return for a stock for a given time frame. (NYSE:DRI) earned "Hold" rating by Deutsche Bank on Friday, December 16.

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The average Wall Street analyst rating for Darden Restaurants, Hold, according to the average of 17 analyst scores. "(DRI) Acquired by Bank of Hawaii" was originally reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another domain, it was stolen and republished in violation of USA & global trademark and copyright law. The correct version of this article can be read at

TIAA CREF Investment Management LLC boosted its position in shares of Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, March 29 with "Sector Perform" rating. Narrowing in, the stock is at a distance of -13.08% from the 50 day high and 2.85% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Darden Restaurants, Inc. The company has a 50-day moving average of $77.30 and a 200-day moving average of $71.74. The firm has a market capitalization of $10.43 billion, a PE ratio of 21.86 and a beta of 0.27.

In a report released on 9/27/2017 RBC Capital Markets reduced the stock price target of Darden Restaurants Inc. The dividend payment will be $0.630 per share for the quarter or $2.52 on an annualized basis. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company earned $1.21 earnings per share. On average, analysts anticipate that Darden Restaurants will post $4.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, October 6th. Darden Restaurants's dividend payout ratio (DPR) is presently 66.14%. Shares for $8.16M were sold by LEE EUGENE I JR on Friday, March 31. The stock was sold at an average price of $91.58, for a total transaction of $8,528,387.50. The transaction related to this sale was declared in a document with the SEC which can be accessed through the Security and Exchange Commission website.

Bank of America Corporation fixed a $80.00 price objective on Darden Restaurants and issued the company a "buy" recommendation in a analysis note on Mon, Jun 26th. 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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