Darden Restaurants, Inc. $DRI Shares Sold by AlTi Global Inc.

AlTi Global Inc. cut its holdings in shares of Darden Restaurants, Inc. (NYSE:DRI) by 34.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,169 shares of the restaurant operator’s stock after selling 1,636 shares during the period. AlTi Global Inc.’s holdings in Darden Restaurants were worth $688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Darden Restaurants by 31.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,230 shares of the restaurant operator’s stock valued at $3,164,000 after purchasing an additional 3,677 shares during the last quarter. Choreo LLC lifted its stake in Darden Restaurants by 46.0% during the first quarter. Choreo LLC now owns 16,248 shares of the restaurant operator’s stock valued at $3,376,000 after purchasing an additional 5,119 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Darden Restaurants by 5.1% during the first quarter. Principal Financial Group Inc. now owns 162,340 shares of the restaurant operator’s stock valued at $33,728,000 after purchasing an additional 7,902 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Darden Restaurants by 12.4% during the first quarter. Golden State Wealth Management LLC now owns 924 shares of the restaurant operator’s stock valued at $192,000 after purchasing an additional 102 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Darden Restaurants by 124.2% during the first quarter. GAMMA Investing LLC now owns 4,471 shares of the restaurant operator’s stock valued at $929,000 after purchasing an additional 2,477 shares during the last quarter. 93.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on DRI. Raymond James Financial cut their target price on shares of Darden Restaurants from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. Truist Financial cut their target price on shares of Darden Restaurants from $252.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, September 19th. BMO Capital Markets reduced their price target on shares of Darden Restaurants from $215.00 to $205.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. Bank of America upped their price target on shares of Darden Restaurants from $253.00 to $254.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Finally, The Goldman Sachs Group upgraded shares of Darden Restaurants from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Monday, October 20th. Twenty equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $227.15.

Darden Restaurants Stock Down 0.8%

Shares of NYSE:DRI opened at $184.92 on Friday. The company has a market cap of $21.51 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.27 and a current ratio of 0.40. The firm has a 50 day simple moving average of $197.74 and a 200 day simple moving average of $204.61. Darden Restaurants, Inc. has a 52 week low of $157.89 and a 52 week high of $228.27.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings data on Thursday, September 18th. The restaurant operator reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.03 billion. Darden Restaurants had a net margin of 8.90% and a return on equity of 52.35%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 EPS. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. As a group, research analysts expect that Darden Restaurants, Inc. will post 9.52 earnings per share for the current year.

Darden Restaurants Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, October 10th. Darden Restaurants’s dividend payout ratio is currently 64.31%.

Insider Activity at Darden Restaurants

In other Darden Restaurants news, insider Laura B. Williamson sold 1,157 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $204.70, for a total value of $236,837.90. Following the transaction, the insider owned 10,632 shares in the company, valued at approximately $2,176,370.40. This represents a 9.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew R. Broad sold 5,661 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $193.40, for a total transaction of $1,094,837.40. Following the completion of the transaction, the senior vice president owned 13,916 shares in the company, valued at approximately $2,691,354.40. This represents a 28.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,341 shares of company stock worth $1,438,707. Company insiders own 0.49% of the company’s stock.

Darden Restaurants Profile

Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s Prime Seafood, and Capital Burger brand names.