Price Action To Observe: Is Buying Darden Restaurants, Inc. Here a Winning Strategy?

Price Action To Observe: Is Buying Darden Restaurants, Inc. Here a Winning Strategy?

The stock of Darden Restaurants, Inc. (NYSE:DRI) is a huge mover today! About 4.52M shares traded hands or 195.42% up from the average. Darden Restaurants, Inc. (NYSE:DRI) has declined 4.50% since March 1, 2016 and is downtrending. It has underperformed by 13.74% the S&P500.
The move comes after 6 months positive chart setup for the $7.68 billion company. It was reported on Oct, 4 by Barchart.com. We have $79.17 PT which if reached, will make NYSE:DRI worth $2.15B more.

Darden Restaurants, Inc. (NYSE:DRI) Ratings Coverage

Out of 16 analysts covering Darden Restaurants (NYSE:DRI), 9 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 56% are positive. Darden Restaurants has been the topic of 27 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Wednesday, July 13 by Wells Fargo. Maxim Group initiated Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, September 30 with “Hold” rating. Tigress Financial upgraded the shares of DRI in a report on Friday, June 24 to “Buy” rating. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Sector Perform” rating by RBC Capital Markets on Monday, December 21. The firm has “Buy” rating by Citigroup given on Monday, April 18. The stock has “Buy” rating given by Maxim Group on Tuesday, February 16. Maxim Group upgraded the stock to “Buy” rating in Monday, October 19 report. The firm has “Neutral” rating by SunTrust given on Thursday, October 8. As per Tuesday, July 26, the company rating was downgraded by Stifel Nicolaus. The firm earned “Market Perform” rating on Monday, October 12 by Raymond James.

According to Zacks Investment Research, “Darden Restaurants, Inc. is the world’s largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden through its subsidiaries, engages in the ownership and operation of casual dining restaurants in the United States and Canada.”

Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.12, from 1.21 in 2016Q1. The ratio dived, as 46 funds sold all Darden Restaurants, Inc. shares owned while 172 reduced positions. 56 funds bought stakes while 182 increased positions. They now own 115.09 million shares or 1.22% less from 116.51 million shares in 2016Q1.
Euclid Advsrs Lc owns 10,302 shares or 0.03% of their US portfolio. Deutsche National Bank & Trust Ag accumulated 2.19 million shares or 0.1% of the stock. Bb&T reported 6,496 shares or 0.01% of all its holdings. Meiji Yasuda Life Insurance reported 3,470 shares or 0.04% of all its holdings. Aqr Cap Mgmt Lc holds 0.35% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 3.15M shares. Ladenburg Thalmann Fincl Service accumulated 0.01% or 6,330 shares. Zacks Invest last reported 0.04% of its portfolio in the stock. Livingston Group Incorporated Asset Management Com (Operating As Southport Cap Management) last reported 22,418 shares in the company. Shinko Asset Management Limited has invested 0% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Coldstream Capital Mgmt holds 0.38% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 34,266 shares. Timber Hill Limited Liability Co has 0% invested in the company for 8,493 shares. Martingale Asset L P holds 0.32% or 304,323 shares in its portfolio. Balyasny Asset Management Ltd Liability reported 14,274 shares or 0.01% of all its holdings. Guardian Life Insur Of America last reported 0% of its portfolio in the stock. Prospector Prns Limited Liability Corporation accumulated 55,300 shares or 0.59% of the stock.

Insider Transactions: Since April 12, 2016, the stock had 1 buy, and 1 sale for $58,100 net activity. FOGARTY JAMES P also bought $185,100 worth of Darden Restaurants, Inc. (NYSE:DRI) on Thursday, July 7. On Tuesday, April 12 STILLMAN ALAN N sold $127,000 worth of the stock or 2,000 shares.

More notable recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Prnewswire.com which released: “Darden Restaurants Reports Fiscal 2017 First Quarter Results; Increases …” on October 04, 2016, also Marketwatch.com with their article: “Olive Garden operator, Darden Restaurants, beats Q1 earnings, raises FY guidance” published on October 04, 2016, Investorplace.com published: “3 Big Stock Charts: Darden Restaurants, Inc. (DRI), Dr Pepper Snapple Group …” on October 04, 2016. More interesting news about Darden Restaurants, Inc. (NYSE:DRI) were released by: Seekingalpha.com and their article: “Darden Restaurants beats by $0.06, misses on revenue” published on October 04, 2016 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: ClubCorp Holdings, Vail Resorts and Darden Restaurants” with publication date: October 03, 2016.

DRI Company Profile

Darden Restaurants, Inc., incorporated on March 30, 1995, is a full-service restaurant company. The Firm owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s divisions 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). As of May 29, 2016, the Company also had 50 restaurants operated by independent third parties pursuant to area development and franchise agreements.

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