First Enterprise Monetary Providers Inc. grew its stake in shares of Darden Eating places, Inc. (NYSE:DRI – Get Score) by 11.2% within the third quarter, in response to its most up-to-date submitting with the Securities & Change Fee. The agency owned 8,174 shares of the restaurant operator’s inventory after shopping for an extra 823 shares in the course of the interval. First Enterprise Monetary Providers Inc.’s holdings in Darden Eating places have been value $1,033,000 as of its most up-to-date SEC submitting.

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Different institutional buyers additionally lately made adjustments to their positions within the firm. Ropes Wealth Advisors LLC bought a brand new stake in shares of Darden Eating places in the course of the third quarter valued at $241,000. Russell Investments Group Ltd. boosted its place in Darden Eating places by 3.9% in the course of the third quarter. Russell Investments Group Ltd. now owns 47,257 shares of the restaurant operator’s inventory value $5,973,000 after buying an extra 1,774 shares in the course of the interval. CIBC Asset Administration Inc boosted its place in Darden Eating places by 40.6% in the course of the third quarter. CIBC Asset Administration Inc now owns 22,118 shares of the restaurant operator’s inventory value $2,794,000 after buying an extra 6,384 shares in the course of the interval. Veriti Administration LLC bought a brand new stake in Darden Eating places in the course of the third quarter value $214,000. Lastly, Federated Hermes Inc. boosted its place in Darden Eating places by 30,362.0% in the course of the 2nd quarter. Federated Hermes Inc. now owns 235,471 shares of the restaurant operator’s inventory value $26,637,000 after buying an extra 234,698 shares in the course of the interval. 89.23% of the inventory is owned by hedge funds and different institutional buyers.

Insider Exercise at Darden Eating places

In associated information, insider Melvin John Martin offered 2,000 shares of the enterprise’s inventory in a transaction dated Wednesday, January 4th. The shares have been offered at a mean worth of $141.95, for a complete transaction of $283,900.00. Following the completion of the sale, the insider now owns 12,364 shares of the corporate’s inventory, valued at roughly $1,755,069.80. The sale was disclosed in a authorized submitting with the SEC, which is on the market via this hyperlink. In different Darden Eating places information, SVP Richard L. Renninger offered 5,000 shares of the corporate’s inventory in a transaction dated Friday, January thirteenth. The shares have been offered at a mean worth of $147.99, for a complete worth of $739,950.00. Following the completion of the transaction, the senior vice chairman now owns 22,368 shares within the firm, valued at roughly $3,310,240.32. The transaction was disclosed in a authorized submitting with the SEC, which is on the market via the SEC web site. Additionally, insider Melvin John Martin offered 2,000 shares of the corporate’s inventory in a transaction dated Wednesday, January 4th. The inventory was offered at a mean worth of $141.95, for a complete transaction of $283,900.00. Following the completion of the transaction, the insider now owns 12,364 shares of the corporate’s inventory, valued at roughly $1,755,069.80. The disclosure for this sale might be discovered right here. Insiders offered a complete of 9,229 shares of firm inventory valued at $1,358,200 within the final quarter. Insiders personal 0.93% of the corporate’s inventory.

Darden Eating places Value Efficiency

Shares of NYSE:DRI opened at $144.41 on Monday. The corporate has a fast ratio of 0.31, a present ratio of 0.47 and a debt-to-equity ratio of 0.44. Darden Eating places, Inc. has a fifty-two week low of $110.96 and a fifty-two week excessive of $152.08. The agency has a 50-day easy shifting common of $146.76 and a 200 day easy shifting common of $139.82. The corporate has a market cap of $17.58 billion, a PE ratio of 19.86, a P/E/G ratio of 1.87 and a beta of 1.23.

Darden Eating places (NYSE:DRI – Get Score) final introduced its quarterly earnings information on Friday, December sixteenth. The restaurant operator reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.11. Darden Eating places had a internet margin of 9.10% and a return on fairness of 42.51%. The enterprise had income of $2.49 billion in the course of the quarter, in comparison with the consensus estimate of $2.43 billion. On common, sell-side analysts anticipate that Darden Eating places, Inc. will submit 7.82 EPS for the present 12 months.

Darden Eating places Publicizes Dividend

The agency additionally lately disclosed a quarterly dividend, which was paid on Wednesday, February 1st. Traders of file on Tuesday, January tenth got a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized foundation and a dividend yield of three.35%. The ex-dividend date of this dividend was Monday, January ninth. Darden Eating places’s dividend payout ratio is presently 66.76%.

Analysts Set New Value Targets

A variety of analysts lately weighed in on DRI shares. Citigroup upped their worth goal on shares of Darden Eating places from $156.00 to $160.00 in a analysis report on Wednesday, December seventh. KeyCorp upped their worth goal on shares of Darden Eating places from $150.00 to $160.00 in a analysis report on Friday, December ninth. Cowen upped their worth goal on shares of Darden Eating places from $140.00 to $155.00 in a analysis report on Wednesday, December seventh. Stephens upped their worth goal on shares of Darden Eating places from $140.00 to $150.00 and gave the inventory an “chubby” ranking in a analysis report on Monday, December nineteenth. Lastly, Raymond James boosted their worth goal on shares of Darden Eating places from $136.00 to $160.00 and gave the inventory an “outperform” ranking in a report on Friday, December 2nd. 5 analysis analysts have rated the inventory with a maintain ranking and twenty have issued a purchase ranking to the corporate’s inventory. In response to MarketBeat, the inventory at present has a mean ranking of “Average Purchase” and a mean goal worth of $153.96.

Darden Eating places Firm Profile

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Darden Eating places, Inc is a full-service restaurant firm, which engages within the provision of restaurant providers. It operates via the next segments: Olive Backyard, LongHorn Steakhouse, Effective Eating, and Different Enterprise. The Olive Backyard phase is the biggest full-service eating Italian restaurant operator.

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