Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Darden Restaurants, Inc. (NYSE:DRI) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 370,063 shares of the restaurant operator’s stock after acquiring an additional 994 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.30% of Darden Restaurants worth $29,154,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DRI. D.A. Davidson & CO. raised its position in shares of Darden Restaurants by 1.7% in the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after buying an additional 21 shares in the last quarter. M&R Capital Management Inc. acquired a new stake in shares of Darden Restaurants in the second quarter valued at approximately $108,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Darden Restaurants in the third quarter valued at approximately $115,000. Grove Bank & Trust raised its position in shares of Darden Restaurants by 155.6% in the third quarter. Grove Bank & Trust now owns 1,840 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 1,120 shares in the last quarter. Finally, First National Trust Co. acquired a new stake in shares of Darden Restaurants in the second quarter valued at approximately $217,000. Institutional investors own 91.94% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price target on shares of Darden Restaurants from $96.00 to $90.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 27th. Oppenheimer reiterated a “buy” rating and issued a $100.00 price target on shares of Darden Restaurants in a research report on Wednesday, September 20th. BMO Capital Markets set a $80.00 price target on shares of Darden Restaurants and gave the company a “hold” rating in a research report on Thursday, October 19th. Jefferies Group reiterated a “hold” rating and issued a $82.00 price target (down from $90.00) on shares of Darden Restaurants in a research report on Wednesday, September 27th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $88.00 price target (down from $93.00) on shares of Darden Restaurants in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Darden Restaurants currently has an average rating of “Hold” and an average target price of $87.59.

Darden Restaurants, Inc. (NYSE:DRI) opened at $86.14 on Wednesday. Darden Restaurants, Inc. has a 1 year low of $71.01 and a 1 year high of $95.22. The company has a market cap of $10,643.32, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.89 and a beta of 0.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.24 and a current ratio of 0.38.

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