6,126 Shares in Darden Restaurants, Inc. (DRI) Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC purchased a new position in Darden Restaurants, Inc. (NYSE:DRI) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,126 shares of the restaurant operator’s stock, valued at approximately $588,000.

Several other institutional investors also recently bought and sold shares of DRI. Wells Fargo & Company MN lifted its position in Darden Restaurants by 2.2% in the 3rd quarter. Wells Fargo & Company MN now owns 3,317,326 shares of the restaurant operator’s stock valued at $261,339,000 after acquiring an additional 72,824 shares in the last quarter. APG Asset Management N.V. lifted its position in Darden Restaurants by 34.4% in the 3rd quarter. APG Asset Management N.V. now owns 2,361,712 shares of the restaurant operator’s stock valued at $186,056,000 after acquiring an additional 604,364 shares in the last quarter. Victory Capital Management Inc. lifted its position in Darden Restaurants by 1,963.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,067,552 shares of the restaurant operator’s stock valued at $198,526,000 after acquiring an additional 1,967,362 shares in the last quarter. HS Management Partners LLC bought a new position in Darden Restaurants in the 3rd quarter valued at approximately $157,044,000. Finally, American Century Companies Inc. lifted its position in Darden Restaurants by 29.2% in the 4th quarter. American Century Companies Inc. now owns 1,689,176 shares of the restaurant operator’s stock valued at $162,195,000 after acquiring an additional 381,677 shares in the last quarter. Institutional investors own 85.05% of the company’s stock.

Darden Restaurants, Inc. (NYSE DRI) opened at $94.90 on Wednesday. The firm has a market capitalization of $11,923.48, a price-to-earnings ratio of 24.33, a PEG ratio of 1.87 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.20 and a current ratio of 0.34. Darden Restaurants, Inc. has a twelve month low of $73.81 and a twelve month high of $100.11.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Tuesday, December 19th. The restaurant operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.85 billion. Darden Restaurants had a return on equity of 26.24% and a net margin of 6.46%. sell-side analysts predict that Darden Restaurants, Inc. will post 4.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.52 annualized dividend and a dividend yield of 2.66%. Darden Restaurants’s dividend payout ratio (DPR) is 64.62%.

DRI has been the topic of several analyst reports. Zacks Investment Research raised Darden Restaurants from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. SunTrust Banks set a $94.00 price objective on Darden Restaurants and gave the company a “hold” rating in a research report on Monday, December 11th. Robert W. Baird reaffirmed an “outperform” rating and issued a $104.00 price objective (up from $94.00) on shares of Darden Restaurants in a research report on Wednesday, December 20th. Maxim Group reaffirmed a “buy” rating and issued a $103.00 price objective (up from $93.00) on shares of Darden Restaurants in a research report on Wednesday, December 20th. Finally, Credit Suisse Group reaffirmed a “market perform” rating and issued a $90.00 price objective (up from $82.00) on shares of Darden Restaurants in a research report on Wednesday, December 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $96.95.

In other news, CFO Ricardo Cardenas sold 10,783 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $97.17, for a total value of $1,047,784.11. Following the completion of the sale, the chief financial officer now directly owns 20,046 shares in the company, valued at approximately $1,947,869.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eugene I. Lee, Jr. sold 59,783 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $96.80, for a total value of $5,786,994.40. Following the completion of the sale, the insider now owns 164,396 shares of the company’s stock, valued at $15,913,532.80. The disclosure for this sale can be found here. Insiders sold a total of 74,866 shares of company stock valued at $7,252,094 over the last 90 days. 0.63% of the stock is currently owned by company insiders.

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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).

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

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