2,286 Shares in Darden Restaurants, Inc. (DRI) Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Darden Restaurants, Inc. (NYSE:DRI) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,286 shares of the restaurant operator’s stock, valued at approximately $220,000.

Several other large investors have also recently modified their holdings of the company. D.A. Davidson & CO. boosted its holdings in shares of Darden Restaurants by 1.7% during the second quarter. D.A. Davidson & CO. now owns 1,271 shares of the restaurant operator’s stock worth $114,000 after acquiring an additional 21 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of Darden Restaurants by 7.7% during the second quarter. Thrivent Financial For Lutherans now owns 5,456 shares of the restaurant operator’s stock worth $494,000 after acquiring an additional 389 shares during the period. Advisor Partners LLC boosted its holdings in shares of Darden Restaurants by 13.6% during the third quarter. Advisor Partners LLC now owns 5,610 shares of the restaurant operator’s stock worth $442,000 after acquiring an additional 673 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Darden Restaurants by 3.9% during the third quarter. CIBC Asset Management Inc now owns 18,038 shares of the restaurant operator’s stock worth $1,421,000 after acquiring an additional 674 shares during the period. Finally, BDO Wealth Advisors LLC boosted its holdings in shares of Darden Restaurants by 6.1% during the third quarter. BDO Wealth Advisors LLC now owns 11,850 shares of the restaurant operator’s stock worth $934,000 after acquiring an additional 685 shares during the period. Institutional investors own 90.49% of the company’s stock.

In other Darden Restaurants news, CFO Ricardo Cardenas sold 10,783 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $97.17, for a total transaction of $1,047,784.11. Following the completion of the transaction, the chief financial officer now directly owns 20,046 shares in the company, valued at $1,947,869.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eugene I. Lee, Jr. sold 59,783 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $96.80, for a total transaction of $5,786,994.40. Following the transaction, the insider now owns 164,396 shares of the company’s stock, valued at $15,913,532.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,866 shares of company stock valued at $7,252,094. Company insiders own 0.63% of the company’s stock.

DRI has been the subject of a number of research analyst reports. SunTrust Banks set a $94.00 price objective on Darden Restaurants and gave the stock a “hold” rating in a report on Monday, December 11th. Zacks Investment Research cut Darden Restaurants from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Maxim Group restated a “buy” rating and set a $112.00 price objective (up previously from $103.00) on shares of Darden Restaurants in a report on Tuesday, January 9th. Credit Suisse Group restated a “hold” rating and set a $95.00 price objective on shares of Darden Restaurants in a report on Friday, January 12th. Finally, Jefferies Group boosted their price objective on Darden Restaurants from $82.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. Darden Restaurants has an average rating of “Hold” and a consensus target price of $96.95.

Shares of Darden Restaurants, Inc. (NYSE:DRI) opened at $91.33 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.34 and a quick ratio of 0.20. Darden Restaurants, Inc. has a 1 year low of $73.18 and a 1 year high of $100.11. The firm has a market cap of $11,745.59, a P/E ratio of 23.42, a PEG ratio of 1.84 and a beta of 0.16.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings results on Tuesday, December 19th. The restaurant operator reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Darden Restaurants had a net margin of 6.46% and a return on equity of 26.24%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. analysts predict that Darden Restaurants, Inc. will post 4.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a dividend of $0.63 per share. The ex-dividend date was Tuesday, January 9th. This represents a $2.52 annualized dividend and a yield of 2.76%. Darden Restaurants’s dividend payout ratio is currently 64.62%.

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About Darden Restaurants

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).

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Institutional Ownership by Quarter for Darden Restaurants (NYSE:DRI)

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