Darden Restaurants, Inc. (DRI) Surges to All Time High at $108.05 on Jun, 29

June 29, 2018 - By Michael Lund

Darden Restaurants, Inc. (NYSE:DRI) Corporate Logo

During Q1 2018 the big money sentiment is 0.88. That’s change of 2017Q4’s as. 53 investors sold all, 190 reduced holdings as Darden Restaurants, Inc. ratio is the same. 138 grew stakes while only 75 funds bought stakes. Funds hold 104.89 million shares thus 1.80% more from 2017Q4’s 103.03 million shares.
Natl Bank Of Nova Scotia reported 0.02% in Darden Restaurants, Inc. (NYSE:DRI). Hartford Invest holds 0.07% of its capital in Darden Restaurants, Inc. (NYSE:DRI) for 41,598 shs. Arrowstreet Capital Partnership accumulated 624,453 shs or 0.12% of the stock. Goldman Sachs Grp Inc Inc invested in 0.04% or 2.03M shs. Associated Banc holds 10,085 shs. Union Bancorporation reported 6,734 shs or 0.18% of all its holdings. Commonwealth Of Pennsylvania School Empls Retrmt holds 0.01% in Darden Restaurants, Inc. (NYSE:DRI) or 11,054 shs. Oakbrook Invs Limited Liability Company reported 6,220 shs. First Personal Svcs holds 38 shs or 0% of its capital. Panagora Asset Management owns 0.01% invested in Darden Restaurants, Inc. (NYSE:DRI) for 22,093 shs. Franklin Inc stated it has 0% of its capital in Darden Restaurants, Inc. (NYSE:DRI). Proshare Advsr Ltd Company has invested 0.02% of its capital in Darden Restaurants, Inc. (NYSE:DRI). Mackay Shields Lc reported 0.22% stake. Global X Management Com Ltd Liability Corp, a New York-based fund reported 8,505 shs. Prelude Cap Ltd Liability accumulated 2,361 shs.

Darden Restaurants, Inc. had 8 insider sales and 0 insider purchases since January 10, 2018. This’s net activity of $19.83 million. Cardenas Ricardo sold $1.05M worth of Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, January 10. 6,000 shs valued at $644,264 were sold by Kiernan Daniel J. on Monday, June 25. On Tuesday, June 26 38,323 shs were sold by GEORGE DAVID C, worth $4.15 million. On Monday, June 25 $76,445 worth of stock was sold by Madonna John W.. $417,315 worth of Darden Restaurants, Inc. (NYSE:DRI) was sold by Milanes Douglas J. on Wednesday, January 10.

On Jun, 29, all time high was reached by Darden Restaurants, Inc. (NYSE:DRI). Today’s price per share was $108.05. It’s 8.00 % above our $116.69. This technical pattern was reported by Barchart.com. The company has $13.38B market cap. At $116.69 PT, the company’s valuation could be $1.07B more.

Ticker’s shares touched $108.05 during the last trading session after 0.05% change.Darden Restaurants, Inc. has volume of 643,002 shares. Since June 29, 2017 DRI has declined 0.25% and is downtrending. DRI underperformed the S&P 500 by 12.82%.

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

A total of 19 analysts rate Darden (NYSE:DRI) as follows: 12 “Buy”, 7 “Hold” and 0 “Sell”. Тherefore 63% are bullish. (NYSE:DRI) has 31 ratings reports on Jun 29, 2018 according to StockzIntelligence. In Thursday, March 22 report Oppenheimer maintained it with “Buy” rating and $10500 target. On Thursday, June 7 SunTrust upgraded Darden Restaurants, Inc. (NYSE:DRI) to “Buy” rating. On Tuesday, June 26 the company was maintained by Oppenheimer. The company rating was upgraded by Bernstein on Thursday, April 19. On Monday, March 26 the firm earned “Overweight” rating by Stephens. On Tuesday, January 16 the firm has “Buy” rating given by Barclays Capital. On Tuesday, April 17 the rating was maintained by Maxim Group with “Buy”. In Friday, March 23 report Deutsche Bank maintained the stock with “Hold” rating. The company rating was maintained by Jefferies on Friday, June 22. On Friday, June 22 Bank of America upgraded the shares of DRI in report to “Neutral” rating.

A couple more Darden Restaurants, Inc. (NYSE:DRI) news were announced by: Fool.com which released on June 27, 2018 “Why Mr. Market Savored Darden Restaurants’ Latest Results”, also Seekingalpha.com on June 22, 2018 announced “Don’t Give Up On Industrials – Cramer’s Mad Money (6/21/18)”, the next Seekingalpha.com is “Suntrust sees Darden running to new high” on June 07, 2018. Globenewswire.com has article titled “Report: Developing Opportunities within Darden Restaurants, Entergy, Apache, Lumentum, Phillips 66, and Dollar …”.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada.The company has $13.38 billion market cap. 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.22.85 is the P/E ratio.

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

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