New York State Common Retirement Fund boosted its holdings in Darden Restaurants, Inc. (NYSE:DRI) by 0.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 271,340 shares of the restaurant operator’s stock after buying an additional 1,300 shares during the period. New York State Common Retirement Fund owned approximately 0.22% of Darden Restaurants worth $21,376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DRI. Janus Henderson Group PLC boosted its holdings in 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 worth $66,717,000 after purchasing an additional 717,963 shares during the period. APG Asset Management N.V. boosted its holdings in 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 worth $186,056,000 after purchasing an additional 604,364 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Darden Restaurants by 66.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,275,399 shares of the restaurant operator’s stock worth $115,348,000 after purchasing an additional 510,969 shares during the period. BlackRock Inc. boosted its holdings in Darden Restaurants by 2.7% in the second quarter. BlackRock Inc. now owns 11,779,249 shares of the restaurant operator’s stock worth $1,065,316,000 after purchasing an additional 314,996 shares during the period. Finally, Balyasny Asset Management LLC boosted its holdings in Darden Restaurants by 281.8% in the second quarter. Balyasny Asset Management LLC now owns 181,814 shares of the restaurant operator’s stock worth $16,443,000 after purchasing an additional 281,814 shares during the period. Institutional investors own 91.94% of the company’s stock.

Shares of Darden Restaurants, Inc. (DRI) opened at $87.60 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.24. 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 $10,776.89, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.91 and a beta of 0.22.

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

Several equities analysts have recently issued reports on DRI shares. ValuEngine raised shares of Darden Restaurants from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Darden Restaurants from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $90.00 price target (down previously from $96.00) on shares of Darden Restaurants in a report on Friday, September 22nd. Longbow Research started coverage on shares of Darden Restaurants in a report on Friday, October 13th. They set a “neutral” rating for the company. Finally, Maxim Group reissued a “hold” rating and set a $90.00 price target on shares of Darden Restaurants in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $88.73.

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Darden Restaurants 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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