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

December 18, 2017 - By Max Morgan

 $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.
Sumitomo Mitsui Asset Mgmt Co Ltd reported 9,766 shares or 0.01% of all its holdings. Engineers Gate Manager L P holds 9,778 shares. Conning Inc stated it has 0.01% in Darden Restaurants, Inc. (NYSE:DRI). Kings Point Capital Mngmt owns 0.02% invested in Darden Restaurants, Inc. (NYSE:DRI) for 766 shares. Korea Investment Corporation has 0.12% invested in Darden Restaurants, Inc. (NYSE:DRI) for 289,982 shares. Clinton Group Inc reported 41,379 shares or 0.38% of all its holdings. 1,800 were accumulated by Fuller & Thaler Asset. Walleye Trading Ltd Company owns 39,282 shares. Gulf Int National Bank (Uk) Limited stated it has 37,224 shares. Alliancebernstein Limited Partnership invested in 229,389 shares. 302,000 were reported by Td Asset Mngmt. 270,040 were reported by Ny State Common Retirement Fund. Cibc Markets reported 0.02% in Darden Restaurants, Inc. (NYSE:DRI). Atria Investments Limited Com invested 0.06% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Archford Cap Strategies Limited Liability holds 0.38% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 12,449 shares.

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 $85.33 million giving it 32.03 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 increased 1.67% or $1.45 during the last trading session, reaching $88.41. About 3.07M shares traded or 84.87% up from the average. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since December 18, 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 has $10200 highest and $50 lowest target. $85.71’s average target is -3.05% below currents $88.41 stock price. Darden Restaurants had 76 analyst reports since August 25, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, October 17 by Argus Research. The stock has “Buy” rating by Maxim Group on Monday, December 21. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Neutral” rating given on Tuesday, November 29 by Credit Suisse. The firm has “Hold” rating given on Tuesday, June 13 by Jefferies. Maxim Group maintained the shares of DRI in report on Wednesday, November 11 with “Buy” rating. The firm has “Overweight” rating given on Tuesday, May 17 by Piper Jaffray. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Market Perform” rating given on Wednesday, September 27 by Wells Fargo. The firm earned “Hold” rating on Thursday, March 30 by Credit Suisse. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, October 19. As per Wednesday, September 27, the company rating was upgraded by Maxim Group.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. The company has market cap of $10.93 billion. As of June 27, 2017, it owned and operated approximately 1,700 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's brands. It has a 22.89 P/E ratio.

More notable recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Zacks.com which released: “How Will Darden Restaurants’ (DRI) Margins Shape Up in Q2?” on December 14, 2017, also Nasdaq.com with their article: “Zacks Industry Outlook Highlights: Darden Restaurants, Yum! Brands, Restaurant …” published on November 29, 2017, Prnewswire.com published: “Darden Restaurants’ Board Declares Regular Quarterly Dividend” on December 14, 2017. More interesting news about Darden Restaurants, Inc. (NYSE:DRI) were released by: Seekingalpha.com and their article: “Darden Restaurants: Delicious Dividends” published on November 21, 2017 as well as Nasdaq.com‘s news article titled: “Zacks Industry Outlook Highlights: Domino’s Pizza, Darden Restaurants …” with publication date: November 28, 2017.

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