Cetera Advisor Networks LLC purchased a new stake in shares of Darden Restaurants, Inc. (NYSE:DRI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,099 shares of the restaurant operator’s stock, valued at approximately $200,000.
Other large investors have also bought and sold shares of the company. Cerebellum GP LLC acquired a new position in Darden Restaurants during the fourth quarter valued at $126,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Darden Restaurants during the third quarter valued at $115,000. Grove Bank & Trust raised its position in Darden Restaurants by 155.6% during the third quarter. Grove Bank & Trust now owns 1,840 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 1,120 shares during the period. Texas Yale Capital Corp. acquired a new position in Darden Restaurants during the fourth quarter valued at $205,000. Finally, Ifrah Financial Services Inc. acquired a new position in Darden Restaurants during the fourth quarter valued at $208,000. 85.05% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Douglas J. Milanes sold 4,300 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $97.05, for a total transaction of $417,315.00. Following the completion of the sale, the senior vice president now owns 7,513 shares in the company, valued at approximately $729,136.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ricardo Cardenas sold 10,783 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $97.17, for a total value of $1,047,784.11. Following the sale, the chief financial officer now owns 20,046 shares of the company’s stock, valued at approximately $1,947,869.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,866 shares of company stock valued at $7,252,094. 0.63% of the stock is currently owned by corporate insiders.
Shares of Darden Restaurants, Inc. (NYSE DRI) opened at $95.19 on Friday. The stock has a market capitalization of $11,772.77, a PE ratio of 22.58, a PEG ratio of 1.85 and a beta of 0.16. Darden Restaurants, Inc. has a 52 week low of $73.81 and a 52 week high of $100.11. 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 (NYSE:DRI) last released its quarterly earnings results on Tuesday, December 19th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. Darden Restaurants had a return on equity of 26.24% and a net margin of 6.46%. research analysts expect that Darden Restaurants, Inc. will post 4.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.52 annualized dividend and a dividend yield of 2.65%. Darden Restaurants’s dividend payout ratio (DPR) is presently 64.62%.
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Darden Restaurants Company 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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