Darden Restaurants, Inc. (DRI) Shares Sold by Trust Investment Advisors

Trust Investment Advisors reduced its position in Darden Restaurants, Inc. (NYSE:DRI) by 21.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,985 shares of the restaurant operator’s stock after selling 1,325 shares during the period. Trust Investment Advisors’ holdings in Darden Restaurants were worth $393,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position 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 buying an additional 314,996 shares in the last quarter. State Street Corp lifted its position in shares of Darden Restaurants by 0.3% in the second quarter. State Street Corp now owns 5,479,782 shares of the restaurant operator’s stock worth $495,583,000 after buying an additional 14,883 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Darden Restaurants by 0.5% in the second quarter. Wells Fargo & Company MN now owns 3,244,502 shares of the restaurant operator’s stock worth $293,433,000 after buying an additional 15,194 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Darden Restaurants by 34.4% in the third quarter. APG Asset Management N.V. now owns 2,361,712 shares of the restaurant operator’s stock worth $186,056,000 after buying an additional 604,364 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Darden Restaurants by 3.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,322,512 shares of the restaurant operator’s stock worth $104,184,000 after buying an additional 47,113 shares in the last quarter. Institutional investors own 88.32% of the company’s stock.

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Shares of Darden Restaurants, Inc. (NYSE:DRI) traded up $0.11 during trading hours on Tuesday, reaching $82.95. The company had a trading volume of 622,112 shares, compared to its average volume of 1,607,231. Darden Restaurants, Inc. has a 52 week low of $70.34 and a 52 week high of $95.22. The company has a market capitalization of $10,220.36, a PE ratio of 20.01, a P/E/G ratio of 1.81 and a beta of 0.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.24 and a current ratio of 0.38.

Darden Restaurants (NYSE:DRI) last announced its earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. sell-side analysts anticipate that Darden Restaurants, Inc. will post 4.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a dividend of $0.63 per share. The ex-dividend date was Friday, October 6th. This represents a $2.52 annualized dividend and a yield of 3.04%. Darden Restaurants’s dividend payout ratio (DPR) is presently 65.12%.

A number of equities research analysts have issued reports on the company. Raymond James Financial, Inc. restated a “market perform” rating on shares of Darden Restaurants in a research report on Monday, July 24th. Robert W. Baird restated a “hold” rating and set a $94.00 price objective on shares of Darden Restaurants in a research report on Tuesday, September 19th. BidaskClub upgraded Darden Restaurants from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Darden Restaurants from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $100.00 price objective on shares of Darden Restaurants in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. Darden Restaurants currently has a consensus rating of “Hold” and an average price target of $87.59.

Darden Restaurants Profile

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).

Institutional Ownership by Quarter for Darden Restaurants (NYSE:DRI)

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