SCS Capital Management LLC acquired a new stake in shares of Darden Restaurants, Inc. (NYSE:DRI – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 23,360 shares of the restaurant operator’s stock, valued at approximately $4,299,000.
Other hedge funds also recently modified their holdings of the company. AE Wealth Management LLC boosted its holdings in shares of Darden Restaurants by 164.1% during the 3rd quarter. AE Wealth Management LLC now owns 4,872 shares of the restaurant operator’s stock valued at $928,000 after acquiring an additional 3,027 shares in the last quarter. Meridian Wealth Management LLC bought a new position in Darden Restaurants during the 4th quarter worth $2,404,000. Sanctuary Advisors LLC raised its position in Darden Restaurants by 33.0% during the 4th quarter. Sanctuary Advisors LLC now owns 23,473 shares of the restaurant operator’s stock worth $4,319,000 after purchasing an additional 5,830 shares during the last quarter. JPMorgan Chase & Co. raised its position in Darden Restaurants by 78.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,666,919 shares of the restaurant operator’s stock worth $507,675,000 after purchasing an additional 1,171,890 shares during the last quarter. Finally, Banco Santander S.A. bought a new position in Darden Restaurants during the 3rd quarter worth $6,743,000. Institutional investors and hedge funds own 93.64% of the company’s stock.
Insider Transactions at Darden Restaurants
In other Darden Restaurants news, SVP Lindsay L. Koren sold 300 shares of Darden Restaurants 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 completion of the transaction, the senior vice president owned 1,617 shares in the company, valued at approximately $314,215.44. The trade was a 15.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas J. Milanes sold 3,620 shares of Darden Restaurants stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $202.16, for a total value of $731,819.20. Following the transaction, the senior vice president owned 274 shares of the company’s stock, valued at $55,391.84. This trade represents a 92.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.49% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Research Report on Darden Restaurants
Darden Restaurants Stock Performance
Shares of Darden Restaurants stock opened at $201.98 on Tuesday. Darden Restaurants, Inc. has a one year low of $169.00 and a one year high of $228.27. The firm has a market capitalization of $23.14 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.93 and a beta of 0.60. The business has a 50-day simple moving average of $197.83 and a 200 day simple moving average of $196.92. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.39 and a quick ratio of 0.25.
Darden Restaurants (NYSE:DRI – Get Free Report) last issued its earnings results on Thursday, March 19th. The restaurant operator reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.01. Darden Restaurants had a return on equity of 53.54% and a net margin of 8.66%.The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company posted $2.80 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that Darden Restaurants, Inc. will post 10.61 earnings per share for the current fiscal year.
Darden Restaurants Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, April 10th. Darden Restaurants’s payout ratio is presently 63.49%.
Darden Restaurants Profile
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.
Featured Articles
- Five stocks we like better than Darden Restaurants
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
- Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?
Want to see what other hedge funds are holding DRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darden Restaurants, Inc. (NYSE:DRI – Free Report).
Receive News & Ratings for Darden Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darden Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.
