Public Employees Retirement System of Ohio Sells 1,656 Shares of Darden Restaurants, Inc. (DRI)

Public Employees Retirement System of Ohio lowered its position in Darden Restaurants, Inc. (NYSE:DRI) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,685 shares of the restaurant operator’s stock after selling 1,656 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Darden Restaurants were worth $4,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in Darden Restaurants by 9.0% in the second quarter. Advisors Asset Management Inc. now owns 9,218 shares of the restaurant operator’s stock valued at $834,000 after acquiring an additional 759 shares during the last quarter. Comerica Bank boosted its holdings in Darden Restaurants by 1.2% in the second quarter. Comerica Bank now owns 40,082 shares of the restaurant operator’s stock valued at $3,472,000 after acquiring an additional 475 shares during the last quarter. GAM Holding AG boosted its holdings in Darden Restaurants by 14.8% in the second quarter. GAM Holding AG now owns 17,497 shares of the restaurant operator’s stock valued at $1,582,000 after acquiring an additional 2,258 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Darden Restaurants by 15.0% in the second quarter. Victory Capital Management Inc. now owns 106,647 shares of the restaurant operator’s stock valued at $9,645,000 after acquiring an additional 13,913 shares during the last quarter. Finally, Aviva PLC boosted its holdings in Darden Restaurants by 2.1% in the second quarter. Aviva PLC now owns 77,781 shares of the restaurant operator’s stock valued at $7,036,000 after acquiring an additional 1,570 shares during the last quarter. 91.45% of the stock is owned by institutional investors.

Several brokerages recently commented on DRI. Stephens reiterated an “equal weight” rating and issued a $95.00 target price on shares of Darden Restaurants in a report on Tuesday, September 26th. Oppenheimer restated a “buy” rating and set a $100.00 price target on shares of Darden Restaurants in a report on Wednesday, September 20th. Jefferies Group restated a “hold” rating and set a $82.00 price target (down from $90.00) on shares of Darden Restaurants in a report on Wednesday, September 27th. Zacks Investment Research cut Darden Restaurants from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Finally, Maxim Group upgraded Darden Restaurants from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $93.00 in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $93.05.

Darden Restaurants, Inc. (NYSE DRI) opened at $97.41 on Thursday. Darden Restaurants, Inc. has a 12 month low of $71.01 and a 12 month high of $98.36. The company has a quick ratio of 0.20, a current ratio of 0.34 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $12,040.00, a PE ratio of 24.54, a price-to-earnings-growth ratio of 2.08 and a beta of 0.22.

Darden Restaurants (NYSE:DRI) last issued its quarterly earnings results 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. Darden Restaurants had a return on equity of 26.24% and a net margin of 6.46%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the company posted $0.88 EPS. equities analysts expect that Darden Restaurants, Inc. will post 4.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, January 9th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.59%. Darden Restaurants’s dividend payout ratio (DPR) is presently 63.48%.

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Darden Restaurants 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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