Janus Henderson Group PLC Grows Position in Darden Restaurants, Inc. (DRI)
Janus Henderson Group PLC increased its position in shares of Darden Restaurants, Inc. (NYSE:DRI) by 113.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,576,026 shares of the restaurant operator’s stock after purchasing an additional 838,341 shares during the period. Janus Henderson Group PLC owned approximately 1.27% of Darden Restaurants worth $124,158,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. M&R Capital Management Inc. acquired a new stake in Darden Restaurants during the 2nd quarter worth approximately $108,000. D.A. Davidson & CO. raised its holdings in Darden Restaurants by 1.7% in the 2nd quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after acquiring an additional 21 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Darden Restaurants in the 3rd quarter valued at $115,000. Grove Bank & Trust raised its holdings in Darden Restaurants by 155.6% in the 3rd quarter. Grove Bank & Trust now owns 1,840 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Darden Restaurants in the 3rd quarter valued at $208,000. 91.94% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on DRI shares. ValuEngine raised Darden Restaurants from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Longbow Research started coverage on Darden Restaurants in a report on Friday, October 13th. They issued a “neutral” rating for the company. Maxim Group reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Darden Restaurants in a report on Thursday, September 21st. Zacks Investment Research raised Darden Restaurants from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Wells Fargo & Company dropped their price objective on Darden Restaurants from $90.00 to $84.00 and set a “market perform” rating for the company in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $88.73.
Darden Restaurants (NYSE:DRI) last issued its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.93 billion. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. Darden Restaurants’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. analysts forecast that Darden Restaurants, Inc. will post 4.43 earnings per share for the current fiscal year.
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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