Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,194 shares of the restaurant operator’s stock after purchasing an additional 956 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Darden Restaurants were worth $803,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Darden Restaurants by 2.7% during the 2nd quarter. BlackRock Inc. now owns 11,779,249 shares of the restaurant operator’s stock worth $1,065,316,000 after purchasing an additional 314,996 shares during the last quarter. State Street Corp increased its stake in shares of Darden Restaurants by 0.3% during the 2nd quarter. State Street Corp now owns 5,479,782 shares of the restaurant operator’s stock worth $495,583,000 after purchasing an additional 14,883 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Darden Restaurants by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,244,502 shares of the restaurant operator’s stock worth $293,433,000 after purchasing an additional 15,194 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Darden Restaurants by 34.4% during the 3rd quarter. APG Asset Management N.V. now owns 2,361,712 shares of the restaurant operator’s stock worth $186,056,000 after purchasing an additional 604,364 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Darden Restaurants by 3.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,322,512 shares of the restaurant operator’s stock worth $104,184,000 after purchasing an additional 47,113 shares during the last quarter. Institutional investors own 91.94% of the company’s stock.

Shares of Darden Restaurants, Inc. (NYSE DRI) traded down $0.25 during trading hours on Friday, reaching $85.28. 1,595,400 shares of the company’s stock traded hands, compared to its average volume of 1,600,790. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.24 and a current ratio of 0.38. Darden Restaurants, Inc. has a 1 year low of $71.01 and a 1 year high of $95.22. The company has a market cap of $10,550.00, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.87 and a beta of 0.22.

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

DRI has been the subject of a number of recent research reports. Credit Suisse Group reduced their price objective on shares of Darden Restaurants from $85.00 to $82.00 and set a “neutral” rating for the company in a research note on Wednesday, September 27th. Stifel Nicolaus initiated coverage on shares of Darden Restaurants in a research note on Monday, October 2nd. They issued a “buy” rating and a $92.00 price objective for the company. Maxim Group reiterated a “hold” rating and issued a $90.00 price objective on shares of Darden Restaurants in a research note on Thursday, September 21st. Robert W. Baird reiterated a “hold” rating and issued a $94.00 price objective on shares of Darden Restaurants in a research note on Tuesday, September 19th. Finally, ValuEngine upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $88.48.

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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).

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

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