Dimensional Fund Advisors LP raised its stake in Darden Restaurants, Inc. (NYSE:DRI) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 724,512 shares of the restaurant operator’s stock after purchasing an additional 18,912 shares during the period. Dimensional Fund Advisors LP owned 0.59% of Darden Restaurants worth $57,078,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DRI. Janus Henderson Group PLC increased its holdings in shares of Darden Restaurants by 3,640.4% in the second quarter. Janus Henderson Group PLC now owns 737,685 shares of the restaurant operator’s stock valued at $66,717,000 after purchasing an additional 717,963 shares during the last quarter. APG Asset Management N.V. increased its holdings in shares of Darden Restaurants by 34.4% in the third quarter. APG Asset Management N.V. now owns 2,361,712 shares of the restaurant operator’s stock valued at $186,056,000 after purchasing an additional 604,364 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Darden Restaurants by 2.7% in the second quarter. BlackRock Inc. now owns 11,779,249 shares of the restaurant operator’s stock valued at $1,065,316,000 after purchasing an additional 314,996 shares during the last quarter. Balyasny Asset Management LLC increased its holdings in shares of Darden Restaurants by 281.8% in the second quarter. Balyasny Asset Management LLC now owns 181,814 shares of the restaurant operator’s stock valued at $16,443,000 after purchasing an additional 281,814 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Darden Restaurants by 329.5% in the third quarter. SG Americas Securities LLC now owns 292,940 shares of the restaurant operator’s stock valued at $23,078,000 after purchasing an additional 224,728 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

DRI has been the topic of several research reports. Oppenheimer restated a “buy” rating and issued a $100.00 price target on shares of Darden Restaurants in a research note on Wednesday, September 20th. Zacks Investment Research upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Friday, September 22nd. Maxim Group upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating and upped their price target for the company from $90.00 to $93.00 in a research note on Wednesday, September 27th. Canaccord Genuity restated a “buy” rating and issued a $97.00 price target on shares of Darden Restaurants in a research note on Wednesday, September 27th. Finally, Citigroup decreased their price target on shares of Darden Restaurants from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $93.05.

Shares of Darden Restaurants, Inc. (NYSE:DRI) opened at $96.02 on Tuesday. Darden Restaurants, Inc. has a 52-week low of $71.01 and a 52-week high of $98.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.20 and a current ratio of 0.34. The firm has a market cap of $11,875.11, a PE ratio of 24.62, a P/E/G ratio of 2.07 and a beta of 0.20.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.99. Darden Restaurants had a net margin of 6.46% and a return on equity of 26.24%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. Darden Restaurants’s revenue was up 12.9% compared to the same quarter last year. analysts expect that Darden Restaurants, Inc. will post 4.51 EPS for the current fiscal year.

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. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.52 annualized dividend and a yield of 2.62%. Darden Restaurants’s dividend payout ratio is 64.62%.

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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).

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

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