Vise Technologies Inc. Invests $1.01 Million in Darden Restaurants, Inc. $DRI

Vise Technologies Inc. purchased a new position in Darden Restaurants, Inc. (NYSE:DRI) in the second quarter, HoldingsChannel.com reports. The firm purchased 4,637 shares of the restaurant operator’s stock, valued at approximately $1,011,000.

A number of other large investors also recently bought and sold shares of DRI. True Wealth Design LLC raised its holdings in shares of Darden Restaurants by 419.2% in the second quarter. True Wealth Design LLC now owns 135 shares of the restaurant operator’s stock worth $29,000 after buying an additional 109 shares during the last quarter. SouthState Corp purchased a new stake in shares of Darden Restaurants in the first quarter valued at approximately $36,000. Rise Advisors LLC increased its holdings in Darden Restaurants by 32.2% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 49 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Darden Restaurants during the 1st quarter worth approximately $44,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Darden Restaurants in the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 93.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on DRI shares. JPMorgan Chase & Co. dropped their price target on shares of Darden Restaurants from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Darden Restaurants from $239.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, September 19th. Evercore ISI decreased their price target on Darden Restaurants from $245.00 to $240.00 and set an “outperform” rating for the company in a report on Friday, September 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Darden Restaurants in a research report on Thursday, October 30th. Finally, Truist Financial reduced their price target on shares of Darden Restaurants from $252.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, September 19th. Twenty research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Darden Restaurants has an average rating of “Moderate Buy” and a consensus target price of $225.82.

Darden Restaurants Price Performance

Shares of NYSE:DRI traded up $2.60 during trading hours on Thursday, hitting $178.27. 27,977 shares of the company’s stock traded hands, compared to its average volume of 1,300,030. The company has a market cap of $20.74 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.67 and a beta of 0.74. Darden Restaurants, Inc. has a 52 week low of $159.40 and a 52 week high of $228.27. The company’s fifty day simple moving average is $190.32 and its two-hundred day simple moving average is $202.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.27 and a current ratio of 0.40.

Darden Restaurants (NYSE:DRI) last released its earnings results on Thursday, September 18th. The restaurant operator reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Darden Restaurants had a net margin of 8.90% and a return on equity of 52.35%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. As a group, equities analysts anticipate that Darden Restaurants, Inc. will post 9.52 EPS for the current fiscal year.

Darden Restaurants Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were issued a $1.50 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.4%. Darden Restaurants’s dividend payout ratio is 64.31%.

Insider Activity

In other Darden Restaurants news, SVP Matthew R. Broad sold 5,661 shares of Darden Restaurants stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $193.40, for a total transaction of $1,094,837.40. Following the transaction, the senior vice president directly owned 13,916 shares of the company’s stock, valued at approximately $2,691,354.40. The trade was a 28.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

Darden Restaurants Profile

Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s Prime Seafood, and Capital Burger brand names.