Tdam USA Inc. held its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,500 shares of the restaurant operator’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in Darden Restaurants were worth $226,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Darden Restaurants by 3.6% in the first quarter. Vanguard Group Inc. now owns 14,211,162 shares of the restaurant operator’s stock valued at $1,189,048,000 after buying an additional 487,366 shares in the last quarter. BlackRock Inc. increased its stake in shares of Darden Restaurants by 4,601.4% in the first quarter. BlackRock Inc. now owns 11,464,253 shares of the restaurant operator’s stock valued at $959,215,000 after buying an additional 11,220,403 shares in the last quarter. American International Group Inc. increased its stake in shares of Darden Restaurants by 1.3% in the first quarter. American International Group Inc. now owns 6,198,698 shares of the restaurant operator’s stock valued at $518,645,000 after buying an additional 77,248 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Darden Restaurants by 3.0% in the first quarter. Ameriprise Financial Inc. now owns 3,734,166 shares of the restaurant operator’s stock valued at $312,519,000 after buying an additional 110,515 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Darden Restaurants by 38.3% in the first quarter. Wells Fargo & Company MN now owns 3,229,308 shares of the restaurant operator’s stock valued at $270,196,000 after buying an additional 894,403 shares in the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Darden Restaurants, Inc. (NYSE DRI) opened at 82.53 on Friday. Darden Restaurants, Inc. has a 1-year low of $60.16 and a 1-year high of $95.22. The firm has a market capitalization of $10.35 billion, a PE ratio of 21.70 and a beta of 0.27. The stock’s 50 day moving average is $87.54 and its 200-day moving average is $83.10.

Darden Restaurants (NYSE:DRI) last issued its quarterly earnings data on Tuesday, June 27th. The restaurant operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.03. Darden Restaurants had a net margin of 6.68% and a return on equity of 26.18%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that Darden Restaurants, Inc. will post $4.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a dividend of $0.63 per share. This is a boost from Darden Restaurants’s previous quarterly dividend of $0.56. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, July 6th. Darden Restaurants’s payout ratio is currently 66.14%.

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Several analysts recently commented on DRI shares. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $93.00 price target (up previously from $82.00) on shares of Darden Restaurants in a research report on Wednesday, June 28th. Canaccord Genuity reiterated a “buy” rating and issued a $102.00 price target on shares of Darden Restaurants in a research report on Friday, June 9th. BMO Capital Markets upped their price target on shares of Darden Restaurants from $85.00 to $87.00 and gave the company a “market perform” rating in a research report on Friday, June 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $86.00 price target (up previously from $83.00) on shares of Darden Restaurants in a research report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $100.00 price target (up previously from $85.00) on shares of Darden Restaurants in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have assigned a buy rating to the stock. Darden Restaurants presently has an average rating of “Hold” and an average target price of $84.78.

In related news, insider Eugene I. Lee, Jr. sold 93,125 shares of Darden Restaurants stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $91.58, for a total transaction of $8,528,387.50. Following the sale, the insider now directly owns 165,062 shares in the company, valued at $15,116,377.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.68% of the stock is owned by insiders.

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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