Altavista Wealth Management Inc. trimmed its holdings in Darden Restaurants, Inc. (NYSE:DRI) by 10.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 20,013 shares of the restaurant operator’s stock after selling 2,400 shares during the quarter. Altavista Wealth Management Inc.’s holdings in Darden Restaurants were worth $2,431,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc boosted its position in shares of Darden Restaurants by 5.2% during the third quarter. Vanguard Group Inc now owns 13,687,194 shares of the restaurant operator’s stock worth $1,521,879,000 after buying an additional 673,563 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Darden Restaurants by 14,173.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,131,508 shares of the restaurant operator’s stock worth $41,000 after buying an additional 4,102,562 shares during the period. Northern Trust Corp boosted its position in shares of Darden Restaurants by 1.9% during the fourth quarter. Northern Trust Corp now owns 1,925,968 shares of the restaurant operator’s stock worth $192,328,000 after buying an additional 35,556 shares during the period. Geode Capital Management LLC boosted its position in shares of Darden Restaurants by 11.6% during the fourth quarter. Geode Capital Management LLC now owns 1,825,671 shares of the restaurant operator’s stock worth $182,031,000 after buying an additional 189,466 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Darden Restaurants by 4.0% during the first quarter. Victory Capital Management Inc. now owns 1,690,279 shares of the restaurant operator’s stock worth $205,317,000 after buying an additional 65,775 shares during the period. Institutional investors own 88.86% of the company’s stock.

Darden Restaurants stock opened at $117.81 on Thursday. Darden Restaurants, Inc. has a 1-year low of $91.34 and a 1-year high of $125.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.33 and a current ratio of 0.48. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.30.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings results on Thursday, March 21st. The restaurant operator reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.05. Darden Restaurants had a return on equity of 30.28% and a net margin of 8.08%. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm earned $1.71 earnings per share. Darden Restaurants’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Darden Restaurants, Inc. will post 5.78 earnings per share for the current fiscal year.

In other Darden Restaurants news, SVP John W. Madonna sold 330 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $118.76, for a total value of $39,190.80. Following the sale, the senior vice president now directly owns 1,680 shares in the company, valued at $199,516.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eugene I. Lee, Jr. sold 73,152 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $118.61, for a total value of $8,676,558.72. Following the completion of the sale, the insider now owns 190,025 shares in the company, valued at $22,538,865.25. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

DRI has been the subject of several research analyst reports. Citigroup raised their price target on Darden Restaurants from $120.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Gordon Haskett upgraded Darden Restaurants from an “underperform” rating to a “hold” rating in a report on Thursday, March 21st. Wells Fargo & Co decreased their target price on Darden Restaurants from $120.00 to $117.00 and set a “market perform” rating for the company in a report on Tuesday. Maxim Group reiterated a “buy” rating and issued a $128.00 target price on shares of Darden Restaurants in a report on Tuesday, March 19th. Finally, Loop Capital lifted their target price on Darden Restaurants to $140.00 and gave the company a “buy” rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $129.96.

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Darden Restaurants Company Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

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

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