Darden Restaurants, Inc. (NYSE:DRI) CFO Ricardo Cardenas sold 10,783 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $97.17, for a total transaction of $1,047,784.11. Following the transaction, the chief financial officer now directly owns 20,046 shares in the company, valued at $1,947,869.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Darden Restaurants, Inc. (NYSE:DRI) traded up $0.42 during trading hours on Friday, hitting $98.02. 1,076,331 shares of the stock traded hands, compared to its average volume of 1,725,388. The company has a current ratio of 0.34, a quick ratio of 0.20 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $12,056.90, a P/E ratio of 25.13, a P/E/G ratio of 1.89 and a beta of 0.20. Darden Restaurants, Inc. has a 12-month low of $71.43 and a 12-month high of $100.11.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, January 9th. Darden Restaurants’s payout ratio is currently 64.62%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC increased its position in Darden Restaurants by 0.4% during the second quarter. Bruderman Asset Management LLC now owns 2,532 shares of the restaurant operator’s stock worth $229,000 after purchasing an additional 10 shares during the last quarter. D.A. Davidson & CO. increased its position in Darden Restaurants by 1.7% during the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock worth $114,000 after purchasing an additional 21 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Darden Restaurants by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,238 shares of the restaurant operator’s stock worth $835,000 after purchasing an additional 28 shares during the last quarter. Argent Capital Management LLC increased its position in Darden Restaurants by 2.0% during the second quarter. Argent Capital Management LLC now owns 5,125 shares of the restaurant operator’s stock worth $464,000 after purchasing an additional 100 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in Darden Restaurants by 1.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,345 shares of the restaurant operator’s stock worth $573,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Several equities analysts have issued reports on the stock. BMO Capital Markets set a $99.00 price objective on shares of Darden Restaurants and gave the company a “hold” rating in a report on Friday. Credit Suisse Group reaffirmed a “hold” rating and set a $95.00 price objective on shares of Darden Restaurants in a report on Friday. SunTrust Banks set a $104.00 price objective on shares of Darden Restaurants and gave the company a “hold” rating in a report on Thursday. Maxim Group reaffirmed a “buy” rating and set a $112.00 price objective (up from $103.00) on shares of Darden Restaurants in a report on Tuesday. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $99.00 price objective (up from $92.00) on shares of Darden Restaurants in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $95.32.

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About Darden Restaurants

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).

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