Schwab Charles Investment Management Inc. grew its position in Darden Restaurants, Inc. (NYSE:DRI) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,061,980 shares of the restaurant operator’s stock after acquiring an additional 43,734 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.86% of Darden Restaurants worth $83,663,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DRI. Louisiana State Employees Retirement System raised its holdings in shares of Darden Restaurants by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the restaurant operator’s stock worth $696,000 after buying an additional 100 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Darden Restaurants by 160.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 223,268 shares of the restaurant operator’s stock worth $20,192,000 after buying an additional 137,514 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Darden Restaurants by 116.0% in the 2nd quarter. Acadian Asset Management LLC now owns 29,344 shares of the restaurant operator’s stock worth $2,653,000 after buying an additional 15,757 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Darden Restaurants by 0.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 24,003 shares of the restaurant operator’s stock worth $2,171,000 after buying an additional 224 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of Darden Restaurants by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,320 shares of the restaurant operator’s stock worth $934,000 after buying an additional 420 shares in the last quarter. Institutional investors own 91.90% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Canaccord Genuity reissued a “buy” rating and issued a $97.00 target price on shares of Darden Restaurants in a report on Wednesday, September 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $88.00 price target (down from $93.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a $85.00 price target (down from $87.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. Wells Fargo & Company dropped their price target on Darden Restaurants from $90.00 to $84.00 and set a “market perform” rating for the company in a report on Wednesday, September 27th. Finally, Royal Bank Of Canada dropped their price target on Darden Restaurants from $96.00 to $90.00 and set a “sector perform” rating for the company in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. Darden Restaurants presently has an average rating of “Hold” and an average price target of $87.59.

Shares of Darden Restaurants, Inc. (NYSE DRI) opened at $85.04 on Friday. The company has a market capitalization of $10,517.15, a price-to-earnings ratio of 20.59, a PEG ratio of 1.86 and a beta of 0.22. Darden Restaurants, Inc. has a 52 week low of $71.01 and a 52 week high of $95.22. 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 (NYSE:DRI) last released its earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.99. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Darden Restaurants had a return on equity of 26.06% and a net margin of 6.60%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. sell-side analysts predict that Darden Restaurants, Inc. will post 4.43 earnings per share for the current fiscal 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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