Darden Restaurants, Inc. (DRI) Position Increased by Engineers Gate Manager LP

Engineers Gate Manager LP grew its holdings in Darden Restaurants, Inc. (NYSE:DRI) by 147.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,213 shares of the restaurant operator’s stock after buying an additional 14,435 shares during the quarter. Engineers Gate Manager LP’s holdings in Darden Restaurants were worth $1,908,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State of Tennessee Treasury Department increased its position in shares of Darden Restaurants by 162.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 121,896 shares of the restaurant operator’s stock worth $11,025,000 after purchasing an additional 75,421 shares in the last quarter. Chicago Equity Partners LLC increased its position in shares of Darden Restaurants by 589.5% during the 2nd quarter. Chicago Equity Partners LLC now owns 41,230 shares of the restaurant operator’s stock worth $3,729,000 after purchasing an additional 35,250 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Darden Restaurants by 0.5% during the 2nd quarter. Wedbush Securities Inc. now owns 3,195 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 15 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Darden Restaurants by 26.0% during the 2nd quarter. Toronto Dominion Bank now owns 42,119 shares of the restaurant operator’s stock worth $3,808,000 after purchasing an additional 8,694 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of Darden Restaurants during the 3rd quarter worth about $2,327,000. Institutional investors own 91.94% of the company’s stock.

A number of brokerages recently issued reports on DRI. Zacks Investment Research upgraded shares of Darden Restaurants from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. BMO Capital Markets set a $80.00 target price on shares of Darden Restaurants and gave the stock a “hold” rating in a research report on Thursday, October 19th. Argus cut shares of Darden Restaurants from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a research report on Tuesday, October 17th. Longbow Research began coverage on shares of Darden Restaurants in a research report on Friday, October 13th. They issued a “neutral” rating for the company. Finally, ValuEngine cut shares of Darden Restaurants from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $88.48.

Darden Restaurants, Inc. (NYSE:DRI) opened at $86.41 on Friday. The stock has a market cap of $10,546.86, a PE ratio of 20.65, a PEG ratio of 1.87 and a beta of 0.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.24. Darden Restaurants, Inc. has a one year low of $71.01 and a one year high of $95.22.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Darden Restaurants had a net margin of 6.60% and a return on equity of 26.06%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm earned $0.88 EPS. Darden Restaurants’s quarterly revenue was up 12.9% compared to the same quarter last year. sell-side analysts expect that Darden Restaurants, Inc. will post 4.43 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Darden Restaurants, Inc. (DRI) Position Increased by Engineers Gate Manager LP” was first posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://transcriptdaily.com/2017/12/09/darden-restaurants-inc-dri-position-increased-by-engineers-gate-manager-lp.html.

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).

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

Receive News & Ratings for Darden Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darden Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply