Darden (NYSE:DRI) Hold Rating Kept Today By Jefferies; The Target Price Given is $90.0

September 17, 2017 - By Winifred Garcia

 Darden (NYSE:DRI) Hold Rating Kept Today By Jefferies; The Target Price Given is $90.0

Investors sentiment increased to 1.05 in Q4 2016. Its up 0.14, from 0.91 in 2016Q3. It increased, as 54 investors sold Darden Restaurants, Inc. shares while 165 reduced holdings. 77 funds opened positions while 154 raised stakes. 111.55 million shares or 5.19% more from 106.05 million shares in 2016Q3 were reported.

Nordea Investment Mgmt stated it has 0.01% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Susquehanna Intll Group Ltd Liability Partnership reported 18,400 shares stake. Meeder Asset Mgmt reported 13,955 shares. Covington Invest Advsr has invested 2.35% in Darden Restaurants, Inc. (NYSE:DRI). Moreover, Anchor Ltd Liability Company has 0.01% invested in Darden Restaurants, Inc. (NYSE:DRI) for 5,300 shares. Clinton Grp Inc reported 59,412 shares. Hudson Valley Investment Adv owns 3,925 shares for 0.08% of their portfolio. The Delaware-based Dupont Corporation has invested 0.02% in Darden Restaurants, Inc. (NYSE:DRI). Northern reported 2.15M shares stake. Invesco Ltd invested in 4.72 million shares or 0.12% of the stock. Chevy Chase Tru holds 0.04% or 107,419 shares. Assetmark reported 5,336 shares. Aperio Gru Ltd Liability reported 125,106 shares. 58,128 are owned by Arizona State Retirement Sys. Marco Mgmt Lc reported 0.3% stake.

Since March 31, 2017, it had 0 buys, and 2 sales for $15.17 million activity. Another trade for 84,283 shares valued at $7.01 million was sold by GEORGE DAVID C. 98,124 shares were sold by LEE EUGENE I JR, worth $8.16 million.

Darden (NYSE:DRI) Rating Reaffirmed

In a note made public this morning, Jefferies maintained their Hold rating on Darden (NYSE:DRI) shares. The price target would suggest a possible upside of 7.32 % from firm’s last stock close price.

Investors sentiment increased to 1.05 in Q4 2016. Its up 0.14, from 0.91 in 2016Q3. It increased, as 54 investors sold Darden Restaurants, Inc. shares while 165 reduced holdings. 77 funds opened positions while 154 raised stakes. 111.55 million shares or 5.19% more from 106.05 million shares in 2016Q3 were reported.

Nordea Investment Mgmt stated it has 0.01% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Susquehanna Intll Group Ltd Liability Partnership reported 18,400 shares stake. Meeder Asset Mgmt reported 13,955 shares. Covington Invest Advsr has invested 2.35% in Darden Restaurants, Inc. (NYSE:DRI). Moreover, Anchor Ltd Liability Company has 0.01% invested in Darden Restaurants, Inc. (NYSE:DRI) for 5,300 shares. Clinton Grp Inc reported 59,412 shares. Hudson Valley Investment Adv owns 3,925 shares for 0.08% of their portfolio. The Delaware-based Dupont Corporation has invested 0.02% in Darden Restaurants, Inc. (NYSE:DRI). Northern reported 2.15M shares stake. Invesco Ltd invested in 4.72 million shares or 0.12% of the stock. Chevy Chase Tru holds 0.04% or 107,419 shares. Assetmark reported 5,336 shares. Aperio Gru Ltd Liability reported 125,106 shares. 58,128 are owned by Arizona State Retirement Sys. Marco Mgmt Lc reported 0.3% stake.

Since March 31, 2017, it had 0 buys, and 2 sales for $15.17 million activity. Another trade for 84,283 shares valued at $7.01 million was sold by GEORGE DAVID C. 98,124 shares were sold by LEE EUGENE I JR, worth $8.16 million.

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

Among 22 analysts covering Darden Restaurants (NYSE:DRI), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Darden Restaurants has $10200 highest and $50 lowest target. $79.56’s average target is -5.13% below currents $83.86 stock price. Darden Restaurants had 56 analyst reports since August 25, 2015 according to SRatingsIntel. As per Monday, October 3, the company rating was maintained by Stifel Nicolaus. As per Thursday, October 8, the company rating was initiated by SunTrust. The rating was maintained by RBC Capital Markets on Monday, December 21 with “Sector Perform”. Oppenheimer maintained it with “Outperform” rating and $70.0 target in Thursday, November 12 report. RBC Capital Markets maintained the shares of DRI in report on Tuesday, June 27 with “Hold” rating. The firm has “Neutral” rating given on Wednesday, October 5 by SunTrust. Maxim Group maintained it with “Buy” rating and $73 target in Monday, December 21 report. The stock has “Buy” rating by Canaccord Genuity on Friday, June 9. The firm has “Buy” rating given on Monday, June 26 by Oppenheimer. The rating was downgraded by Raymond James to “Underperform” on Friday, January 29.

The stock increased 0.79% or $0.66 on September 15, reaching $83.86. About 2.07 million shares traded or 15.00% up from the average. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since September 17, 2016 and is uptrending. It has outperformed by 15.26% the S&P500.

Investors wait Darden Restaurants, Inc. (NYSE:DRI) to report on September, 26 before the open. its quarterly earnings Wall Street analysts expect $0.98 earnings per share, up $0.10 or 11.36 % from last year’s $0.88 same quarter earnings. This translates into $122.82 million profit for DRI giving the stock a 21.39 P/E. This is assuming the current $0.98 EPS is accurate. Darden Restaurants, Inc.’s Wall Street analysts see -16.95 % negative EPS growth, taking into account the $1.18 EPS reproted in the previous quarter,

Darden Restaurants, Inc. is a full-service restaurant company. The company has market cap of $10.51 billion. The Firm owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. It has a 21.92 P/E ratio. The Company’s divisions include Olive Garden, LongHorn Steakhouse, Fine Dining ) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

More recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Nasdaq.com which released: “Darden Restaurants is Oversold” on September 06, 2017. Also Marketwatch.com published the news titled: “Olive Garden launches this year’s Never Ending Pasta Pass with $200 trip to Italy” on September 12, 2017. Seekingalpha.com‘s news article titled: “Darden: Forget That Restaurant Recession” with publication date: August 31, 2017 was also an interesting one.

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