Deliverance of Ownership on Performance of: Darden Restaurants, Inc. (NYSE:DRI)

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Deliverance of Ownership on Performance of: Darden Restaurants, Inc. (NYSE:DRI)

Several institutional investors have recently bought and sold shares of DRI. It dived, as 46 investors sold Darden Restaurants, Inc. shares while 190 reduced holdings. FMR LLC now owns 3,186,814 shares of the restaurant operator's stock valued at $231,745,000 after buying an additional 1,935,246 shares during the period.

Darden Restaurants Incorporated (NYSE:DRI) had an increase of 0.58% in short interest. Closing price generally refers to the last price at which a stock trades during a regular trading session. However, it is a general misunderstanding that a higher share price points towards a larger company where stock price might also misrepresent the definite worth of the organization. The correct version of this article can be read at https://www.dispatchtribunal.com/2017/09/27/darden-restaurants-inc-dri-price-target-cut-to-90-00.html.

With a total market value of $0, Darden Restaurants Inc. has price-earnings ratio of 20.43 with a one year low of $60.16 and a 52 week high of $95.22. Farmers & Merchants Investments Inc. increased its stake in Darden Restaurants by 255.5% in the second quarter. Look at its top three institutional owners.

TIAA CREF Investment Management LLC boosted its position in shares of Darden Restaurants, Inc. This trading reaction position the stock on Active limelight. The stock's 50 day SMA is $82.69 and its 200 day SMA is $84.83.

Darden Restaurants, Inc. (NYSE:DRI) has a market cap of $9.76 billion and over the last 12 months, DRI has risen by 24.4%. Of the analysts surveyed by Reuters that track Darden Restaurants, Inc. (NYSE:DRI) during the first quarter, Holdings Channel reports. This was up from $111.1 million, or $0.88 per share, in last year's first quarter. However it has a net margin of 6.70%. They do not ponder or echo the certified policy or position of any business stakeholders, financial specialists, or economic analysts. During the same period in the previous year, the firm posted $0.88 EPS.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. The ex-dividend date has been established as Thursday the 6th of July 2017. Darden Restaurants's payout ratio is now 66.14%. Piper Jaffray upgraded it to "Overweight" rating and $78 target in Tuesday, May 17 report. The firm earned "Neutral" rating on Wednesday, October 5 by SunTrust. As per Tuesday, June 13, the company rating was maintained by Jefferies.

On September 27 the company was upgraded from "Hold" to "Equal-Weight" and a price target of $88.00 was set by analysts at Maxim Group. Deutsche Bank AG raised their target price on shares of Darden Restaurants from $84.00 to $94.00 and gave the company a "hold" rating in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the company. After having $2.31 EPS previously, Public Storage's analysts see 12.99% EPS growth.

In other news, insider Eugene I. Lee, Jr. sold 93,125 shares of the business's stock in a transaction that occurred on Thursday, June 29th. Following the sale, the insider now directly owns 165,062 shares in the company, valued at approximately $15,116,377.96. Moreover, Associated Banc has 0.03% invested in Darden Restaurants, Inc. "(DRI) Price Target Cut to $90.00" was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation.

Darden Restaurants, Inc. (DRI) recorded volume accumulation so there will probably be a surplus of buyers at $77.05.

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