EPS for Darden Restaurants, Inc. (DRI) Expected At $1.64

March 7, 2018 - By Marry Poplack

 EPS for Darden Restaurants, Inc. (DRI) Expected At $1.64
Investors sentiment increased to 0.96 in Q3 2017. Its up 0.01, from 0.95 in 2017Q2. It improved, as 55 investors sold Darden Restaurants, Inc. shares while 169 reduced holdings. 56 funds opened positions while 160 raised stakes. 108.03 million shares or 1.09% more from 106.87 million shares in 2017Q2 were reported.
Hightower Limited accumulated 11,737 shares or 0.01% of the stock. Icon Advisers Inc has 13,500 shares. Great West Life Assurance Can owns 150,305 shares. Raymond James Na reported 0.04% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). New York State Teachers Retirement System reported 206,177 shares stake. Morgan Dempsey Cap Mngmt Lc reported 64,427 shares or 1.72% of all its holdings. Caxton Assocs Ltd Partnership reported 6,300 shares stake. Charter invested in 5,734 shares. Lyons Wealth Mgmt Lc stated it has 8,550 shares. Lombard Odier Asset (Switzerland) Sa has 0.12% invested in Darden Restaurants, Inc. (NYSE:DRI). First Merchants holds 0.05% or 3,370 shares in its portfolio. Bluecrest Capital Mngmt Limited, Guernsey-based fund reported 12,656 shares. Michigan-based Comerica Bancorporation has invested 0.02% in Darden Restaurants, Inc. (NYSE:DRI). Strategy Asset Managers Llc invested in 28,529 shares. Alpha Windward Limited Co invested 0.27% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI).

Since January 10, 2018, it had 0 buys, and 3 insider sales for $7.25 million activity. The insider Milanes Douglas J. sold $417,315. On Wednesday, January 10 LEE EUGENE I JR sold $5.79 million worth of Darden Restaurants, Inc. (NYSE:DRI) or 59,783 shares.

Analysts expect Darden Restaurants, Inc. (NYSE:DRI) to report $1.64 EPS on March, 26.They anticipate $0.32 EPS change or 24.24 % from last quarter’s $1.32 EPS. DRI’s profit would be $202.60M giving it 14.17 P/E if the $1.64 EPS is correct. After having $0.73 EPS previously, Darden Restaurants, Inc.’s analysts see 124.66 % EPS growth. The stock decreased 1.23% or $1.16 during the last trading session, reaching $92.96. About 593,337 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since March 7, 2017 and is uptrending. It has outperformed by 15.26% the S&P500.

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

Among 26 analysts covering Darden Restaurants (NYSE:DRI), 12 have Buy rating, 0 Sell and 14 Hold. Therefore 46% are positive. Darden Restaurants had 97 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, June 27 by RBC Capital Markets. The firm has “Hold” rating by Jefferies given on Tuesday, September 26. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Strong-Buy”. The firm has “Hold” rating by RBC Capital Markets given on Friday, March 24. The firm has “Hold” rating by Wells Fargo given on Tuesday, January 9. The company was downgraded on Tuesday, July 26 by Stifel Nicolaus. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Market Perform” rating by Raymond James on Monday, October 12. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, December 19 report. Maxim Group maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Tuesday, February 16. Maxim Group has “Buy” rating and $70 target. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Buy” rating by Tigress Financial on Friday, June 24.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. The company has market cap of $11.48 billion. As of June 27, 2017, it owned and operated approximately 1,700 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's brands. It has a 23.83 P/E ratio.

More news for Darden Restaurants, Inc. (NYSE:DRI) were recently published by: Prnewswire.com, which released: “Darden Restaurants Announces Early Tender Results for Cash Tender Offers and …” on February 07, 2018. Prnewswire.com‘s article titled: “Darden Restaurants Announces Final Results for Cash Tender Offers and Consent …” and published on February 22, 2018 is yet another important article.

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