Keybank National Association OH Buys 534 Shares of Darden Restaurants, Inc. $DRI

Keybank National Association OH lifted its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) by 3.4% in the second quarter, HoldingsChannel.com reports. The fund owned 16,142 shares of the restaurant operator’s stock after acquiring an additional 534 shares during the quarter. Keybank National Association OH’s holdings in Darden Restaurants were worth $3,518,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DRI. Centennial Bank AR bought a new stake in Darden Restaurants during the first quarter worth about $31,000. SouthState Corp bought a new stake in Darden Restaurants in the 1st quarter worth approximately $36,000. Rise Advisors LLC lifted its position in Darden Restaurants by 32.2% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the restaurant operator’s stock worth $42,000 after buying an additional 49 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Darden Restaurants in the 1st quarter worth approximately $44,000. Finally, TruNorth Capital Management LLC bought a new stake in Darden Restaurants in the 1st quarter worth approximately $45,000. Institutional investors own 93.64% of the company’s stock.

Insider Buying and Selling

In other Darden Restaurants news, SVP Matthew R. Broad sold 5,661 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $193.40, for a total value of $1,094,837.40. Following the completion of the transaction, the senior vice president directly owned 13,916 shares in the company, valued at approximately $2,691,354.40. This represents a 28.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Argus lowered their price objective on shares of Darden Restaurants from $260.00 to $220.00 and set a “buy” rating for the company in a report on Friday, September 19th. Barclays lowered their price target on shares of Darden Restaurants from $255.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, September 19th. Melius Research raised Darden Restaurants to a “hold” rating in a research note on Monday, July 14th. KeyCorp lowered their target price on Darden Restaurants from $240.00 to $225.00 and set an “overweight” rating for the company in a research note on Friday, September 19th. Finally, Evercore ISI lowered their price objective on Darden Restaurants from $245.00 to $240.00 and set an “outperform” rating for the company in a research report on Friday, September 19th. Twenty equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.82.

Darden Restaurants Trading Up 1.1%

DRI opened at $180.08 on Friday. The business has a 50 day simple moving average of $195.14 and a two-hundred day simple moving average of $204.26. The firm has a market capitalization of $20.95 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.27. Darden Restaurants, Inc. has a one year low of $157.89 and a one year high of $228.27.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings results on Thursday, September 18th. The restaurant operator reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.03 billion. Darden Restaurants had a net margin of 8.90% and a return on equity of 52.35%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 EPS. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. Analysts predict that Darden Restaurants, Inc. will post 9.52 EPS 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 issued a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 3.3%. Darden Restaurants’s dividend payout ratio is 64.31%.

Darden Restaurants Company 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.