Darden Restaurants, Inc. (DRI) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its holdings in Darden Restaurants, Inc. (NYSE:DRI) by 36.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,874 shares of the restaurant operator’s stock after selling 2,771 shares during the period. Sentry Investment Management LLC’s holdings in Darden Restaurants were worth $441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DRI. Janus Henderson Group PLC increased its stake in shares of Darden Restaurants by 3,640.4% in the second quarter. Janus Henderson Group PLC now owns 737,685 shares of the restaurant operator’s stock worth $66,717,000 after acquiring an additional 717,963 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Darden Restaurants by 66.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,275,399 shares of the restaurant operator’s stock worth $115,348,000 after acquiring an additional 510,969 shares during the last quarter. BlackRock Inc. increased its stake in shares of Darden Restaurants by 2.7% in the second quarter. BlackRock Inc. now owns 11,779,249 shares of the restaurant operator’s stock worth $1,065,316,000 after acquiring an additional 314,996 shares during the last quarter. Balyasny Asset Management LLC increased its stake in shares of Darden Restaurants by 281.8% in the second quarter. Balyasny Asset Management LLC now owns 181,814 shares of the restaurant operator’s stock worth $16,443,000 after acquiring an additional 281,814 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Darden Restaurants by 28.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,018,246 shares of the restaurant operator’s stock worth $92,091,000 after acquiring an additional 225,165 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on DRI. Jefferies Group LLC upped their price target on shares of Darden Restaurants from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, June 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $93.00 price target (up from $82.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $87.00 price target (up from $81.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. Royal Bank Of Canada upped their price target on shares of Darden Restaurants from $86.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 28th. Finally, BidaskClub downgraded shares of Darden Restaurants from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Darden Restaurants presently has an average rating of “Hold” and a consensus price target of $87.59.

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Shares of Darden Restaurants, Inc. (NYSE:DRI) opened at 82.77 on Monday. Darden Restaurants, Inc. has a 12 month low of $60.97 and a 12 month high of $95.22. The firm has a market capitalization of $10.24 billion, a P/E ratio of 21.43 and a beta of 0.24. The stock has a 50 day moving average price of $80.82 and a 200 day moving average price of $85.25.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Darden Restaurants had a net margin of 6.60% and a return on equity of 26.06%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business earned $0.88 EPS. Darden Restaurants’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts expect that Darden Restaurants, Inc. will post $4.44 earnings per share for the current year.

The business also recently declared a

Several other hedge funds and other institutional investors also recently bought and sold shares of DRI. Janus Henderson Group PLC increased its stake in shares of Darden Restaurants by 3,640.4% in the second quarter. Janus Henderson Group PLC now owns 737,685 shares of the restaurant operator’s stock worth $66,717,000 after acquiring an additional 717,963 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Darden Restaurants by 66.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,275,399 shares of the restaurant operator’s stock worth $115,348,000 after acquiring an additional 510,969 shares during the last quarter. BlackRock Inc. increased its stake in shares of Darden Restaurants by 2.7% in the second quarter. BlackRock Inc. now owns 11,779,249 shares of the restaurant operator’s stock worth $1,065,316,000 after acquiring an additional 314,996 shares during the last quarter. Balyasny Asset Management LLC increased its stake in shares of Darden Restaurants by 281.8% in the second quarter. Balyasny Asset Management LLC now owns 181,814 shares of the restaurant operator’s stock worth $16,443,000 after acquiring an additional 281,814 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Darden Restaurants by 28.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,018,246 shares of the restaurant operator’s stock worth $92,091,000 after acquiring an additional 225,165 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on DRI. Jefferies Group LLC upped their price target on shares of Darden Restaurants from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, June 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $93.00 price target (up from $82.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $87.00 price target (up from $81.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. Royal Bank Of Canada upped their price target on shares of Darden Restaurants from $86.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 28th. Finally, BidaskClub downgraded shares of Darden Restaurants from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Darden Restaurants presently has an average rating of “Hold” and a consensus price target of $87.59.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/23/darden-restaurants-inc-dri-shares-sold-by-sentry-investment-management-llc.html.

Shares of Darden Restaurants, Inc. (NYSE:DRI) opened at 82.77 on Monday. Darden Restaurants, Inc. has a 12 month low of $60.97 and a 12 month high of $95.22. The firm has a market capitalization of $10.24 billion, a P/E ratio of 21.43 and a beta of 0.24. The stock has a 50 day moving average price of $80.82 and a 200 day moving average price of $85.25.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Darden Restaurants had a net margin of 6.60% and a return on equity of 26.06%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business earned $0.88 EPS. Darden Restaurants’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts expect that Darden Restaurants, Inc. will post $4.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.63 dividend. The ex-dividend date is Friday, October 6th. This represents a $2.52 dividend on an annualized basis and a yield of 3.04%. Darden Restaurants’s dividend payout ratio (DPR) is currently 65.12%.

About Darden Restaurants

Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. 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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Institutional Ownership by Quarter for Darden Restaurants (NYSE:DRI)

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