Frank Rimerman Advisors LLC Lowers Position in Darden Restaurants, Inc. $DRI

Frank Rimerman Advisors LLC decreased its holdings in shares of Darden Restaurants, Inc. (NYSE:DRI) by 8.7% during the second quarter, HoldingsChannel reports. The firm owned 4,543 shares of the restaurant operator’s stock after selling 434 shares during the period. Frank Rimerman Advisors LLC’s holdings in Darden Restaurants were worth $990,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DRI. Bowman & Co S.C. boosted its stake in shares of Darden Restaurants by 0.5% during the second quarter. Bowman & Co S.C. now owns 9,631 shares of the restaurant operator’s stock valued at $2,099,000 after purchasing an additional 48 shares in the last quarter. Rise Advisors LLC lifted its holdings in Darden Restaurants by 32.2% during the first quarter. Rise Advisors LLC now owns 201 shares of the restaurant operator’s stock worth $42,000 after buying an additional 49 shares during the period. Ballentine Partners LLC boosted its position in Darden Restaurants by 2.5% during the 2nd quarter. Ballentine Partners LLC now owns 1,975 shares of the restaurant operator’s stock valued at $430,000 after acquiring an additional 49 shares in the last quarter. GAM Holding AG increased its holdings in shares of Darden Restaurants by 0.7% in the 2nd quarter. GAM Holding AG now owns 6,975 shares of the restaurant operator’s stock valued at $1,520,000 after acquiring an additional 51 shares during the period. Finally, Fiduciary Financial Group LLC increased its holdings in shares of Darden Restaurants by 3.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 1,663 shares of the restaurant operator’s stock valued at $365,000 after acquiring an additional 52 shares during the period. Institutional investors own 93.64% of the company’s stock.

Insider Activity

In other news, SVP Matthew R. Broad sold 5,661 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $193.40, for a total value of $1,094,837.40. Following the completion of the transaction, the senior vice president directly owned 13,916 shares in the company, valued at $2,691,354.40. This trade represents a 28.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

Darden Restaurants Stock Down 0.4%

NYSE:DRI opened at $171.09 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.27 and a debt-to-equity ratio of 0.96. Darden Restaurants, Inc. has a twelve month low of $159.40 and a twelve month high of $228.27. The company has a market cap of $19.90 billion, a PE ratio of 18.34, a P/E/G ratio of 1.67 and a beta of 0.74. The company’s 50 day moving average is $187.30 and its two-hundred day moving average is $202.21.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Thursday, September 18th. The restaurant operator reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.03 billion. Darden Restaurants had a return on equity of 52.35% and a net margin of 8.90%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 earnings per share. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. Analysts anticipate that Darden Restaurants, Inc. will post 9.52 EPS for the current year.

Darden Restaurants Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were issued a $1.50 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.5%. Darden Restaurants’s dividend payout ratio is currently 64.31%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DRI shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Darden Restaurants from $239.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, September 19th. Argus lowered their price target on shares of Darden Restaurants from $260.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, September 19th. KeyCorp cut their price objective on shares of Darden Restaurants from $240.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, September 19th. Robert W. Baird decreased their target price on shares of Darden Restaurants from $230.00 to $208.00 and set a “neutral” rating for the company in a research report on Friday, September 19th. Finally, Stephens restated an “equal weight” rating and issued a $215.00 target price on shares of Darden Restaurants in a research note on Thursday, September 18th. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.82.

Darden Restaurants Profile

Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s Prime Seafood, and Capital Burger brand names.