Darden Restaurants Inc. (NYSE:DRI) – Research analysts at KeyCorp upped their Q1 2017 earnings per share (EPS) estimates for shares of Darden Restaurants in a research note issued on Tuesday. KeyCorp analyst C. O’cull now forecasts that the firm will earn $0.88 per share for the quarter, up from their prior forecast of $0.81. KeyCorp also issued estimates for Darden Restaurants’ FY2017 earnings at $3.93 EPS.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Tuesday, October 4th. The restaurant operator reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The company had revenue of $1.71 billion for the quarter. Darden Restaurants had a net margin of 5.73% and a return on equity of 24.97%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share.

Earnings History and Estimates for Darden Restaurants (NYSE:DRI)

Other equities analysts have also recently issued research reports about the stock. SunTrust Banks Inc. lowered their price objective on shares of Darden Restaurants from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday. Credit Suisse Group AG reiterated a “buy” rating and issued a $69.00 target price on shares of Darden Restaurants in a report on Wednesday. Bank of America Corp. reiterated a “sell” rating on shares of Darden Restaurants in a report on Wednesday. BTIG Research reiterated a “buy” rating and issued a $75.00 target price on shares of Darden Restaurants in a report on Friday, July 1st. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $70.00 target price on shares of Darden Restaurants in a report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $70.26.

Darden Restaurants (NYSE:DRI) opened at 61.56 on Wednesday. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 21.24 and a beta of 0.41. The firm has a 50-day moving average of $61.96 and a 200-day moving average of $63.83. Darden Restaurants has a 1-year low of $53.38 and a 1-year high of $68.68.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, October 5th. Darden Restaurants’s dividend payout ratio (DPR) is presently 72.03%.

Large investors have recently made changes to their positions in the stock. Bruderman Asset Management LLC raised its stake in shares of Darden Restaurants by 0.4% in the second quarter. Bruderman Asset Management LLC now owns 3,387 shares of the restaurant operator’s stock valued at $215,000 after buying an additional 13 shares during the period. Krilogy Financial LLC raised its stake in shares of Darden Restaurants by 1.6% in the second quarter. Krilogy Financial LLC now owns 2,133 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 33 shares during the period. Commonwealth Bank of Australia raised its stake in shares of Darden Restaurants by 0.3% in the second quarter. Commonwealth Bank of Australia now owns 14,931 shares of the restaurant operator’s stock valued at $947,000 after buying an additional 45 shares during the period. HM Payson & Co. raised its stake in shares of Darden Restaurants by 0.3% in the second quarter. HM Payson & Co. now owns 18,984 shares of the restaurant operator’s stock valued at $1,202,000 after buying an additional 55 shares during the period. Finally, Associated Banc Corp raised its stake in shares of Darden Restaurants by 1.2% in the second quarter. Associated Banc Corp now owns 6,072 shares of the restaurant operator’s stock valued at $385,000 after buying an additional 72 shares during the period. 94.57% of the stock is currently owned by hedge funds and other institutional investors.

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).

5 Day Chart for NYSE:DRI

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