$0.69 EPS Expected for Darden Restaurants, Inc. (DRI)

November 15, 2017 - By Adrian Mccoy

 $0.69 EPS Expected for Darden Restaurants, Inc. (DRI)
Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.19, from 1.14 in 2017Q1. It turned negative, as 46 investors sold Darden Restaurants, Inc. shares while 190 reduced holdings. 78 funds opened positions while 147 raised stakes. 106.87 million shares or 5.23% less from 112.77 million shares in 2017Q1 were reported.
Cetera Advsr Lc has invested 0.02% in Darden Restaurants, Inc. (NYSE:DRI). Sequoia Fincl Advsr Ltd Liability Co stated it has 0.53% in Darden Restaurants, Inc. (NYSE:DRI). Moreover, Grantham Mayo Van Otterloo & Ltd Liability Corporation has 0.03% invested in Darden Restaurants, Inc. (NYSE:DRI). Camarda Fincl Advsr Ltd holds 94 shares. Korea Corporation owns 0.12% invested in Darden Restaurants, Inc. (NYSE:DRI) for 289,982 shares. Laurion Capital Mngmt Limited Partnership, a New York-based fund reported 54,800 shares. Northern holds 2.14M shares. Optimum Advsrs owns 7,475 shares. Burney Communications owns 2,765 shares or 0.02% of their US portfolio. Utah Retirement reported 22,889 shares. Solaris Asset Limited Liability Company holds 4,550 shares. Condor Cap Mgmt invested in 0.26% or 13,887 shares. 687,957 are owned by Bessemer Gp Inc Inc. Advsr Asset Mngmt holds 9,218 shares or 0.01% of its portfolio. The France-based Credit Agricole S A has invested 0.06% in Darden Restaurants, Inc. (NYSE:DRI).

Analysts expect Darden Restaurants, Inc. (NYSE:DRI) to report $0.69 EPS on December, 19.They anticipate $0.05 EPS change or 7.81 % from last quarter’s $0.64 EPS. DRI’s profit would be $85.37 million giving it 30.02 P/E if the $0.69 EPS is correct. After having $0.99 EPS previously, Darden Restaurants, Inc.’s analysts see -30.30 % EPS growth. The stock decreased 0.01% or $0.01 during the last trading session, reaching $82.85. About 1.51 million shares traded or 4.14% up from the average. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since November 15, 2016 and is uptrending. It has outperformed by 15.26% the S&P500.

Darden Restaurants, Inc. (NYSE:DRI) Ratings Coverage

Among 26 analysts covering Darden Restaurants (NYSE:DRI), 11 have Buy rating, 0 Sell and 15 Hold. Therefore 42% are positive. Darden Restaurants had 74 analyst reports since August 25, 2015 according to SRatingsIntel. On Monday, June 26 the stock rating was maintained by Oppenheimer with “Buy”. Morgan Stanley maintained Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, September 27 with “Equal-Weight” rating. The firm earned “Sell” rating on Tuesday, July 26 by Stifel Nicolaus. Jefferies maintained it with “Hold” rating and $90.0 target in Monday, September 11 report. The firm earned “Buy” rating on Tuesday, June 27 by Canaccord Genuity. The rating was downgraded by Raymond James on Friday, January 29 to “Underperform”. Suntrust Robinson initiated Darden Restaurants, Inc. (NYSE:DRI) rating on Thursday, October 8. Suntrust Robinson has “Neutral” rating and $71 target. RBC Capital Markets maintained Darden Restaurants, Inc. (NYSE:DRI) on Friday, March 24 with “Hold” rating. Oppenheimer maintained the stock with “Buy” rating in Thursday, July 20 report. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Buy” rating by Maxim Group on Monday, December 21.

Darden Restaurants, Inc. is a full-service restaurant company. The company has market cap of $10.25 billion. The Firm owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. It has a 21.23 P/E ratio. The Company’s divisions include Olive Garden, LongHorn Steakhouse, Fine Dining ) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

More important recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Gurufocus.com which released: “HS Management Partners, LLC Buys Darden Restaurants Inc, Kellogg Co, Coca-Cola …” on November 14, 2017, also Seekingalpha.com published article titled: “A Look At Darden Restaurants – Low Leverage And Stable Business At A Decent …”, Seekingalpha.com published: “Argus lowers expectations on Darden Restaurants” on October 17, 2017. More interesting news about Darden Restaurants, Inc. (NYSE:DRI) was released by: Nasdaq.com and their article: “Darden Restaurants (DRI) Shares Cross Above 200 DMA” with publication date: October 18, 2017.

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