Trustmark Bank Trust Department Has $902,000 Stock Holdings in Darden Restaurants, Inc. $DRI

Trustmark Bank Trust Department lifted its stake in Darden Restaurants, Inc. (NYSE:DRI) by 110.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,139 shares of the restaurant operator’s stock after purchasing an additional 2,175 shares during the period. Trustmark Bank Trust Department’s holdings in Darden Restaurants were worth $902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC grew its position in shares of Darden Restaurants by 17.7% during the 1st quarter. LPL Financial LLC now owns 98,839 shares of the restaurant operator’s stock worth $20,535,000 after buying an additional 14,888 shares during the period. Mackenzie Financial Corp raised its position in shares of Darden Restaurants by 10.5% in the 1st quarter. Mackenzie Financial Corp now owns 11,800 shares of the restaurant operator’s stock valued at $2,452,000 after acquiring an additional 1,126 shares during the period. Federated Hermes Inc. boosted its stake in Darden Restaurants by 13.5% during the 1st quarter. Federated Hermes Inc. now owns 29,419 shares of the restaurant operator’s stock worth $6,112,000 after acquiring an additional 3,494 shares during the last quarter. Harbour Investments Inc. raised its holdings in Darden Restaurants by 2.7% in the first quarter. Harbour Investments Inc. now owns 3,006 shares of the restaurant operator’s stock worth $625,000 after purchasing an additional 80 shares during the period. Finally, Jefferies Financial Group Inc. raised its holdings in Darden Restaurants by 35.1% in the first quarter. Jefferies Financial Group Inc. now owns 12,317 shares of the restaurant operator’s stock worth $2,559,000 after purchasing an additional 3,200 shares during the period. Institutional investors own 93.64% of the company’s stock.

Darden Restaurants Trading Down 0.2%

NYSE:DRI opened at $179.58 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.40 and a debt-to-equity ratio of 0.96. Darden Restaurants, Inc. has a twelve month low of $159.67 and a twelve month high of $228.27. The company has a market cap of $20.89 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 1.67 and a beta of 0.74. The business has a 50 day moving average price of $182.50 and a two-hundred day moving average price of $200.73.

Darden Restaurants (NYSE:DRI) last announced 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). Darden Restaurants had a net margin of 8.90% and a return on equity of 52.35%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the business earned $1.75 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. As a group, analysts expect that Darden Restaurants, Inc. will post 9.52 EPS for the current fiscal year.

Darden Restaurants Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were issued a dividend of $1.50 per share. The ex-dividend date was Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 3.3%. Darden Restaurants’s dividend payout ratio (DPR) is presently 64.31%.

Insiders Place Their Bets

In other Darden Restaurants news, SVP Matthew R. Broad sold 5,661 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $193.40, for a total transaction of $1,094,837.40. Following the transaction, the senior vice president owned 13,916 shares of the company’s stock, valued at $2,691,354.40. The trade was a 28.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DRI has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of Darden Restaurants from $235.00 to $238.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Wells Fargo & Company decreased their target price on Darden Restaurants from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, September 19th. BTIG Research lowered their price target on Darden Restaurants from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, September 19th. Argus cut their price objective on Darden Restaurants from $260.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, September 19th. Finally, Raymond James Financial lowered their target price on Darden Restaurants from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. Twenty analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Darden Restaurants presently has an average rating of “Moderate Buy” and an average price target of $225.64.

About Darden Restaurants

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.