Beacon Investment Advisory Services Inc. lifted its holdings in Darden Restaurants, Inc. (NYSE:DRI) by 1,071.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,390 shares of the restaurant operator’s stock after purchasing an additional 50,660 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Darden Restaurants were worth $4,363,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Highbridge Capital Management LLC grew its holdings in Darden Restaurants by 2,349.3% during the 3rd quarter. Highbridge Capital Management LLC now owns 175,000 shares of the restaurant operator’s stock valued at $13,787,000 after buying an additional 167,855 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Darden Restaurants by 113.6% in the third quarter. Janus Henderson Group PLC now owns 1,576,026 shares of the restaurant operator’s stock valued at $124,158,000 after purchasing an additional 838,341 shares in the last quarter. Caxton Associates LP purchased a new position in shares of Darden Restaurants in the third quarter valued at $496,000. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Darden Restaurants by 4.2% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 427,727 shares of the restaurant operator’s stock valued at $33,694,000 after purchasing an additional 17,395 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its holdings in shares of Darden Restaurants by 1.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 113,427 shares of the restaurant operator’s stock valued at $8,936,000 after purchasing an additional 2,162 shares in the last quarter. Hedge funds and other institutional investors own 91.94% of the company’s stock.

A number of research firms recently weighed in on DRI. BidaskClub raised shares of Darden Restaurants from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Stephens reissued an “equal weight” rating and issued a $95.00 target price on shares of Darden Restaurants in a report on Tuesday, September 26th. Oppenheimer reissued a “buy” rating and issued a $100.00 target price on shares of Darden Restaurants in a report on Wednesday, September 20th. Jefferies Group reissued a “hold” rating and issued a $82.00 target price (down from $90.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded Darden Restaurants from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. Darden Restaurants has a consensus rating of “Hold” and an average price target of $88.48.

Shares of Darden Restaurants, Inc. (NYSE:DRI) opened at $86.41 on Monday. Darden Restaurants, Inc. has a 52 week low of $71.01 and a 52 week high of $95.22. The firm has a market capitalization of $10,686.61, a PE ratio of 20.92, a PEG ratio of 1.89 and a beta of 0.22. The company has a current ratio of 0.38, a quick ratio of 0.24 and a debt-to-equity ratio of 0.45.

Darden Restaurants (NYSE:DRI) last issued its quarterly earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.99. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. research analysts forecast that Darden Restaurants, Inc. will post 4.43 EPS for the current fiscal year.

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Darden Restaurants Company 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).

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

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