Barings LLC maintained its position in shares of Darden Restaurants, Inc. (NYSE:DRI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,427 shares of the restaurant operator’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Darden Restaurants were worth $1,793,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in shares of Darden Restaurants by 1.7% in the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 21 shares during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Darden Restaurants by 255.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,422 shares of the restaurant operator’s stock valued at $129,000 after purchasing an additional 1,022 shares during the last quarter. Huntington National Bank increased its holdings in shares of Darden Restaurants by 4.6% in the second quarter. Huntington National Bank now owns 1,578 shares of the restaurant operator’s stock valued at $143,000 after purchasing an additional 70 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Darden Restaurants by 4.6% in the first quarter. Van ECK Associates Corp now owns 1,625 shares of the restaurant operator’s stock valued at $136,000 after purchasing an additional 71 shares during the last quarter. Finally, Ledyard National Bank increased its holdings in shares of Darden Restaurants by 4.9% in the second quarter. Ledyard National Bank now owns 1,718 shares of the restaurant operator’s stock valued at $155,000 after purchasing an additional 80 shares during the last quarter. 89.85% of the stock is owned by hedge funds and other institutional investors.

DRI has been the subject of several recent analyst reports. J P Morgan Chase & Co reissued a “neutral” rating and set a $93.00 target price (up previously from $82.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. Jefferies Group LLC raised their target price on Darden Restaurants from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $87.00 target price (up previously from $81.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. Maxim Group reissued a “hold” rating and set a $90.00 target price on shares of Darden Restaurants in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada raised their target price on Darden Restaurants from $86.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $87.82.

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Darden Restaurants, Inc. (NYSE DRI) traded down 0.74% on Monday, reaching $80.23. The company had a trading volume of 54,979 shares. The stock’s 50-day moving average price is $81.69 and its 200 day moving average price is $85.19. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 20.77 and a beta of 0.25. Darden Restaurants, Inc. has a 52-week low of $60.97 and a 52-week high of $95.22.

Darden Restaurants (NYSE:DRI) last announced its quarterly earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities analysts anticipate that Darden Restaurants, Inc. will post $4.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.52 annualized dividend and a yield of 3.12%. Darden Restaurants’s dividend payout ratio is currently 65.12%.

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).

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

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