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Darden Restaurants Inc. Reveals 13% Rise In Q1 Earnings

Darden Restaurants Inc. Reveals 13% Rise In Q1 Earnings

Darden Restaurants Inc. Reveals 13% Rise In Q1 Earnings

Darden Restaurants, Inc. has had 4 insider trades in the last 3 months, including 0 open market buys and 4 sells. Catawba Capital Management VA's holdings in Darden Restaurants were worth $871,000 as of its most recent SEC filing.

Many high profile hedge funds adjusted their holdings of DRI. The institutional investor bought 7,594 shares of the restaurant operator's stock, valued at approximately $687,000. PGGM Investments increased its stake in Darden Restaurants by 244.5% in the third quarter. 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. 1St Glob Advsr invested in 11,924 shares or 0.12% of the stock. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Darden Restaurants by 0.3% in the second quarter. Janus Capital Management LLC now owns 276,908 shares worth $23,169,000. 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 6,202 shares.

Analyst Thoughts About Darden Restaurants, Inc. Robert W. Baird reiterated a "neutral" rating and issued a $90.00 price objective (up previously from $85.00) on shares of Darden Restaurants in a research note on Monday, June 19th. In this case performance of tends to percentage rate of return for a stock for a given time frame. (NYSE:DRI). Royal Comml Bank Of Canada holds 0.01% or 283,790 shares in its portfolio.

Analysts have given a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Deutsche Bank AG raised their target price on shares of Darden Restaurants from $84.00 to $94.00 and gave the company a "hold" rating in a research report on Wednesday, June 28th.

TRADEMARK VIOLATION WARNING: This story was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this piece on another domain, it was stolen and republished in violation of U.S. & worldwide trademark and copyright law. Tortoise Invest Management Ltd Limited Liability Company holds 0% of its portfolio in Darden Restaurants, Inc. Darden Restaurants Inc now has $10.04B valuation. (NYSE:DRI) on Wednesday, March 29 with "Sector Perform" rating. The stock of Darden Restaurants, Inc.

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Darden Restaurants, Inc. (NYSE:DRI) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges.

The Orlando, Florida-based company said that although the 114 new Cheddar's Scratch Kitchen restaurants contributed to an 11.2% growth in total sales, same-restaurant sales in Cheddar's Scratch Kitchen tumbled 1.4% from the prior-year quarter. The restaurant operator reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. Darden Restaurants had a return on equity of 26.18% and a net margin of 6.68%. Analysts' estimates typically exclude special items.

Profit jumped 8 percent to $119 million, or 93 cents per share, Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 99 cents per share, a penny better than expected, according to a poll of analysts by Zacks Investment Research. The business's quarterly revenue was up 12.9% on a year-over-year basis. Raymond James Financial, Inc. reaffirmed a "market perform" rating on shares of Darden Restaurants in a research report on Monday, July 24th. Investors of record on Tuesday, October 10th will be paid a $0.63 dividend. Darden Restaurants's dividend payout ratio (DPR) is presently 66.14%. Also, insider Eugene I. Lee, Jr. sold 98,124 shares of the stock in a transaction on Friday, March 31st. The stock was sold at an average price of $91.58, for a total transaction of $8,528,387.50. Exane Derivatives owns 28,604 shares valued at $2,586,416,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Darden Restaurants, Inc is a full-service restaurant company.

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