Darden Restaurants, Receives In-Line Recommendation from Canaccord Genuity
00:11, Sep 28, 2017
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The weekly performance of Darden Restaurants, Inc.is -1.17%, presenting a monthly performance value of -0.67% with the quarterly performance value of -6.59%. Short shares grew from 10,251,662 to 10,310,985 over that period. Darden Restaurants had 67 analyst reports since August 25, 2015 according to SRatingsIntel. The stock decreased 0.35% or $0.31 during the last trading session, reaching $87.76. 84,283 Darden Restaurants, Inc. Huntington National Bank now owns 1,578 shares of the restaurant operator's stock valued at $143,000 after buying an additional 70 shares in the last quarter.
06/28/2017 - Darden Restaurants, Inc. had its "underperform" rating reiterated by analysts at Bank of America Merrill Lynch.
Darden Restaurants, Inc. (NYSE:DRI) touched its 1-Year High price of $95.22 on 06/27/17 and its 1-Year Low price of $60.16 on 10/03/16. Farmers & Merchants Investments Inc. increased its stake in Darden Restaurants by 255.5% in the second quarter. There has been an observed change of -71.34% in the ownership of the shares in the past six months.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. (NYSE:DRI). Private Bank & Trust accumulated 6,288 shares or 0.08% of the stock. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The company has a 50 day moving average price of $82.69 and a 200-day moving average price of $84.83.
Darden Restaurants, Inc. (NYSE:DRI) has a market cap of $9.76 billion and over the last 12 months, DRI has risen by 24.4%. (NYSE:DRI). Capital Fund Mngmt Sa has 0.02% invested in Darden Restaurants, Inc.
Darden Restaurants (NYSE:DRI) last posted its earnings results on Tuesday, September 26th. The dividend will be $0.630 per share for the quarter which is $2.52 annualized. Darden Restaurants had a return on equity of 26.18% and a net margin of 6.68%. 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 previous year, the firm posted $0.88 EPS. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. Raymond James upgraded the shares of DRI in report on Tuesday, October 18 to "Mkt Perform" rating. The ex-dividend date is Thursday the 6th of July 2017. Darden Restaurants's dividend payout ratio (DPR) is 65.50%.
Several equities research analysts have issued reports on the company. Robert W. Baird restated a "neutral" rating and set a $94.00 price objective (up from $90.00) on shares of Darden Restaurants in a report on Wednesday, June 28th. Jefferies maintained the stock with "Hold" rating in Monday, September 11 report. Oppenheimer Holdings, Inc. reaffirmed a "buy" rating and set a $100.00 target price on shares of Darden Restaurants in a research report on Wednesday, September 20th. The consensus recommendation for stock is 2.60. The shares were sold at an average price of $83.19, for a total value of $8,162,935.56. Following the transaction, the insider now directly owns 165,062 shares of the company's stock, valued at $15,116,377.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Inc. now owns 757,913 shares of the restaurant operator's stock valued at $46,476,000 after buying an additional 476,867 shares during the period. "(DRI) Acquired by Bank of Hawaii" was originally reported by Week Herald and is the property of of Week Herald. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and worldwide copyright & trademark laws.
Is Darden Restaurants, Inc. Darden through its subsidiaries, engages in the ownership and operation of casual dining restaurants in the United States and Canada.
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