Russell Investments Group Ltd. Has $29.36 Million Holdings in Darden Restaurants, Inc. (DRI)

Russell Investments Group Ltd. raised its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) by 67.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 372,766 shares of the restaurant operator’s stock after purchasing an additional 149,498 shares during the period. Russell Investments Group Ltd. owned 0.30% of Darden Restaurants worth $29,355,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Honkamp Krueger Financial Services Inc. grew its holdings in Darden Restaurants by 0.3% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 2,788 shares of the restaurant operator’s stock valued at $252,000 after purchasing an additional 9 shares during the last quarter. Bruderman Asset Management LLC grew its holdings in Darden Restaurants by 0.4% during the second quarter. Bruderman Asset Management LLC now owns 2,532 shares of the restaurant operator’s stock valued at $229,000 after purchasing an additional 10 shares during the last quarter. Wedbush Securities Inc. grew its holdings in Darden Restaurants by 0.5% during the second quarter. Wedbush Securities Inc. now owns 3,195 shares of the restaurant operator’s stock valued at $289,000 after purchasing an additional 15 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Darden Restaurants by 1.7% during the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 21 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Darden Restaurants by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,238 shares of the restaurant operator’s stock valued at $835,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 90.36% of the company’s stock.

Darden Restaurants, Inc. (NYSE:DRI) opened at $79.76 on Thursday. The stock has a market capitalization of $9,790.00, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.76 and a beta of 0.22. Darden Restaurants, Inc. has a twelve month low of $71.01 and a twelve month high of $95.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.24 and a current ratio of 0.38.

Darden Restaurants (NYSE:DRI) last issued its quarterly earnings data on Tuesday, September 26th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. equities research analysts anticipate that Darden Restaurants, Inc. will post 4.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, October 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.16%. Darden Restaurants’s payout ratio is presently 64.62%.

Several brokerages have recently issued reports on DRI. ValuEngine upgraded shares of Darden Restaurants from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Longbow Research began coverage on shares of Darden Restaurants in a research note on Friday, October 13th. They issued a “neutral” rating on the stock. Maxim Group restated a “hold” rating and issued a $90.00 price objective on shares of Darden Restaurants in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of Darden Restaurants from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, BidaskClub downgraded shares of Darden Restaurants from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $87.59.

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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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