8,640 Shares in Darden Restaurants, Inc. $DRI Bought by Canandaigua National Bank & Trust Co.

Posted by Stanley Muller on Aug 6th, 2026

Canandaigua National Bank & Trust Co. purchased a new stake in shares of Darden Restaurants, Inc. (NYSE:DRI – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 8,640 shares of the restaurant operator’s stock, valued at approximately $1,780,000.

Other large investors have also modified their holdings of the company. Torren Management LLC purchased a new stake in shares of Darden Restaurants during the 4th quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Darden Restaurants by 926.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 154 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 139 shares in the last quarter. Union Savings Bank acquired a new position in Darden Restaurants in the 4th quarter worth about $28,000. BOK Financial Private Wealth Inc. purchased a new position in Darden Restaurants during the fourth quarter worth approximately $29,000. Finally, DV Equities LLC purchased a new position in Darden Restaurants during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 93.64% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Susan M. Connelly sold 2,226 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $208.17, for a total transaction of $463,386.42. Following the completion of the transaction, the senior vice president owned 4,165 shares of the company’s stock, valued at approximately $867,028.05. This trade represents a 34.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Rajesh Vennam sold 8,478 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $210.00, for a total transaction of $1,780,380.00. Following the transaction, the chief financial officer directly owned 8,569 shares of the company’s stock, valued at $1,799,490. The trade was a 49.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,321 shares of company stock valued at $12,790,347 over the last 90 days. Company insiders own 0.49% of the company’s stock.

Darden Restaurants Stock Up 1.9%

Shares of DRI opened at $208.51 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.21 and a current ratio of 0.31. Darden Restaurants, Inc. has a one year low of $169.00 and a one year high of $220.65. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.04 and a beta of 0.60. The stock has a 50 day moving average price of $203.86 and a 200 day moving average price of $203.08.

Darden Restaurants (NYSE:DRI – Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The restaurant operator reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.73 billion. Darden Restaurants had a net margin of 9.13% and a return on equity of 57.44%. Darden Restaurants’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.98 earnings per share. Darden Restaurants has set its FY 2027 guidance at 11.100-11.350 EPS. Equities research analysts forecast that Darden Restaurants, Inc. will post 11.28 earnings per share for the current fiscal year.

Darden Restaurants Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $1.62 per share. The ex-dividend date was Friday, July 10th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Darden Restaurants’s previous quarterly dividend of $1.50. Darden Restaurants’s dividend payout ratio (DPR) is currently 62.43%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DRI shares. Robert W. Baird boosted their price objective on Darden Restaurants from $210.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Argus increased their target price on Darden Restaurants from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Guggenheim lifted their price target on shares of Darden Restaurants from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Darden Restaurants from $230.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, Evercore cut shares of Darden Restaurants from an “outperform” rating to an “in-line” rating and set a $230.00 price objective for the company. in a research report on Tuesday, June 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $228.88.

Read Our Latest Analysis on DRI

Darden Restaurants Company Profile

(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.