CIBC Asset Management Inc Buys 10,781 Shares of Darden Restaurants, Inc. $DRI

Posted by Brian Himes on Jun 7th, 2026

CIBC Asset Management Inc increased its stake in shares of Darden Restaurants, Inc. (NYSE:DRI – Free Report) by 56.9% during the fourth quarter, HoldingsChannel reports. The fund owned 29,715 shares of the restaurant operator’s stock after acquiring an additional 10,781 shares during the quarter. CIBC Asset Management Inc’s holdings in Darden Restaurants were worth $5,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DRI. JPMorgan Chase & Co. increased its position in Darden Restaurants by 78.4% during the third quarter. JPMorgan Chase & Co. now owns 2,666,919 shares of the restaurant operator’s stock worth $507,675,000 after acquiring an additional 1,171,890 shares during the period. Wellington Management Group LLP increased its position in Darden Restaurants by 32.8% during the third quarter. Wellington Management Group LLP now owns 4,463,786 shares of the restaurant operator’s stock worth $849,726,000 after acquiring an additional 1,102,211 shares during the period. Norges Bank bought a new position in Darden Restaurants during the fourth quarter worth $144,483,000. AQR Capital Management LLC boosted its stake in Darden Restaurants by 239.4% during the second quarter. AQR Capital Management LLC now owns 722,529 shares of the restaurant operator’s stock worth $157,490,000 after buying an additional 509,655 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Darden Restaurants during the fourth quarter worth $44,190,000. Institutional investors own 93.64% of the company’s stock.

Wall Street Analyst Weigh In

DRI has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Darden Restaurants in a research note on Friday, March 13th. Weiss Ratings upgraded shares of Darden Restaurants from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, May 26th. Bank of America lifted their price target on shares of Darden Restaurants from $272.00 to $276.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group restated a “buy” rating and issued a $230.00 target price on shares of Darden Restaurants in a research note on Tuesday, March 10th. Finally, Wells Fargo & Company boosted their target price on shares of Darden Restaurants from $200.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.88.

Get Our Latest Report on Darden Restaurants

Insider Activity

In related news, SVP Douglas J. Milanes sold 3,620 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $202.16, for a total transaction of $731,819.20. Following the transaction, the senior vice president owned 274 shares in the company, valued at $55,391.84. This represents a 92.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lindsay L. Koren sold 300 shares of the company’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $194.32, for a total transaction of $58,296.00. Following the transaction, the senior vice president owned 1,617 shares in the company, valued at approximately $314,215.44. This trade represents a 15.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.49% of the stock is owned by corporate insiders.

Darden Restaurants Stock Up 2.4%

Shares of NYSE DRI opened at $198.11 on Friday. The firm’s 50-day simple moving average is $197.57 and its 200 day simple moving average is $197.38. The company has a market cap of $22.69 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.75 and a beta of 0.60. The company has a quick ratio of 0.25, a current ratio of 0.39 and a debt-to-equity ratio of 1.02. Darden Restaurants, Inc. has a 12-month low of $169.00 and a 12-month high of $228.27.

Darden Restaurants (NYSE:DRI – Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The restaurant operator reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Darden Restaurants had a net margin of 8.66% and a return on equity of 53.54%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.80 EPS. On average, research analysts expect that Darden Restaurants, Inc. will post 10.62 earnings per share for the current fiscal year.

Darden Restaurants Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a dividend of $1.50 per share. The ex-dividend date was Friday, April 10th. This represents a $6.00 annualized dividend and a yield of 3.0%. Darden Restaurants’s dividend payout ratio is 63.49%.

About Darden Restaurants

(Free Report)

Darden Restaurants, Inc is a multi-brand, full-service restaurant company headquartered in Orlando, Florida. The company owns and operates a portfolio of casual and fine-dining concepts that together serve millions of guests through company-owned and franchised locations. Its well-known brands include Olive Garden and LongHorn Steakhouse, alongside other dining concepts that span Italian, American, steakhouse and upscale casual formats.

Darden’s restaurants provide a range of guest-facing services including dine-in, takeout, delivery and catering, and feature menus tailored to each brand’s positioning—Italian-American fare at Olive Garden, steaks and grilled items at LongHorn, and more premium steakhouse and chef-driven offerings at its upscale concepts.