Institutional Investor Sentiment About Darden Restaurants Inc (NYSE:DRI) Increased

April 26, 2018 - By Richard Conner

Darden Restaurants, Inc. (NYSE:DRI) Logo

Sentiment for Darden Restaurants Inc (NYSE:DRI)

Darden Restaurants Inc (NYSE:DRI) institutional sentiment decreased to 0.88 in 2017 Q4. Its down -0.08, from 0.96 in 2017Q3. The ratio fall, as 204 hedge funds increased or opened new stock positions, while 233 decreased and sold stakes in Darden Restaurants Inc. The hedge funds in our partner’s database now hold: 103.03 million shares, down from 108.03 million shares in 2017Q3. Also, the number of hedge funds holding Darden Restaurants Inc in their top 10 stock positions increased from 1 to 4 for an increase of 3. Sold All: 46 Reduced: 187 Increased: 121 New Position: 83.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. The company has market cap of $11.49 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 21.48 P/E ratio.

The stock increased 1.87% or $1.7 during the last trading session, reaching $92.82. About 618,369 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 11.43% since April 26, 2017 and is uptrending. It has underperformed by 0.12% the S&P500.

Analysts await Darden Restaurants, Inc. (NYSE:DRI) to report earnings on June, 26. They expect $1.35 EPS, up 14.41 % or $0.17 from last year’s $1.18 per share. DRI’s profit will be $167.11 million for 17.19 P/E if the $1.35 EPS becomes a reality. After $1.71 actual EPS reported by Darden Restaurants, Inc. for the previous quarter, Wall Street now forecasts -21.05 % negative EPS growth.

Hs Management Partners Llc holds 5.21% of its portfolio in Darden Restaurants, Inc. for 1.77 million shares. Dynamic Capital Management Ltd owns 83,387 shares or 2.75% of their US portfolio. Moreover, Covington Investment Advisors Inc. has 2.56% invested in the company for 77,840 shares. The Connecticut-based Westport Asset Management Inc has invested 2.38% in the stock. Morgan Dempsey Capital Management Llc, a Wisconsin-based fund reported 65,720 shares.

Since January 1, 0001, it had 0 buys, and 3 sales for $7.25 million activity.

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

Ratings analysis reveals 65% of Darden’s analysts are positive. Out of 20 Wall Street analysts rating Darden, 13 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $90 while the high is $116.0. The stock’s average target of $101.53 is 9.38% above today’s ($92.82) share price. DRI was included in 37 notes of analysts from December 11, 2017. Canaccord Genuity maintained it with “Buy” rating and $103.0 target in Tuesday, December 19 report. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Buy” rating given on Wednesday, December 20 by Robert W. Baird. The rating was maintained by Oppenheimer on Wednesday, January 10 with “Buy”. Stephens upgraded Darden Restaurants, Inc. (NYSE:DRI) on Monday, March 26 to “Overweight” rating. On Friday, March 23 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Buy” rating by Oppenheimer on Thursday, March 8. On Friday, March 23 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Hold” rating on Tuesday, January 9 by Wells Fargo. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Buy” rating by Stifel Nicolaus on Friday, March 23. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Buy” rating given on Tuesday, December 19 by Stifel Nicolaus.

Darden Restaurants, Inc. (NYSE:DRI) Institutional Positions Chart

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