Zeke Capital Advisors LLC Has $245,000 Stock Position in Darden Restaurants, Inc. (NYSE:DRI)

Zeke Capital Advisors LLC cut its holdings in shares of Darden Restaurants, Inc. (NYSE:DRI) by 15.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,010 shares of the restaurant operator’s stock after selling 369 shares during the period. Zeke Capital Advisors LLC’s holdings in Darden Restaurants were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Darden Restaurants by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 727,300 shares of the restaurant operator’s stock valued at $72,624,000 after acquiring an additional 13,527 shares during the period. Geode Capital Management LLC raised its stake in shares of Darden Restaurants by 11.6% in the 4th quarter. Geode Capital Management LLC now owns 1,825,671 shares of the restaurant operator’s stock valued at $182,031,000 after acquiring an additional 189,466 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of Darden Restaurants in the 4th quarter valued at $324,000. Thrivent Financial for Lutherans raised its stake in shares of Darden Restaurants by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the restaurant operator’s stock valued at $540,000 after acquiring an additional 95 shares during the period. Finally, FMR LLC raised its stake in shares of Darden Restaurants by 211.9% in the 4th quarter. FMR LLC now owns 1,547,369 shares of the restaurant operator’s stock valued at $154,520,000 after acquiring an additional 1,051,240 shares during the period. Institutional investors own 88.61% of the company’s stock.

A number of brokerages have recently commented on DRI. Citigroup cut their target price on shares of Darden Restaurants from $146.00 to $144.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. KeyCorp began coverage on shares of Darden Restaurants in a research note on Tuesday, July 23rd. They issued an “overweight” rating and a $140.00 target price on the stock. UBS Group began coverage on shares of Darden Restaurants in a research note on Friday, April 26th. They issued a “buy” rating and a $133.00 target price on the stock. Evercore ISI began coverage on shares of Darden Restaurants in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $135.00 target price on the stock. Finally, Maxim Group downgraded shares of Darden Restaurants from a “buy” rating to a “hold” rating and set a $126.00 target price on the stock. in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Darden Restaurants currently has an average rating of “Buy” and a consensus target price of $131.19.

DRI traded down $0.33 during trading hours on Wednesday, reaching $117.56. 23,821 shares of the stock traded hands, compared to its average volume of 1,072,887. The business’s fifty day moving average price is $122.52. The firm has a market cap of $14.48 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 1.86 and a beta of 0.32. Darden Restaurants, Inc. has a fifty-two week low of $95.83 and a fifty-two week high of $126.75. The company has a current ratio of 0.61, a quick ratio of 0.46 and a debt-to-equity ratio of 0.39.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings results on Thursday, June 20th. The restaurant operator reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.03. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.24 billion. Darden Restaurants had a net margin of 8.38% and a return on equity of 31.61%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. Analysts predict that Darden Restaurants, Inc. will post 6.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were issued a dividend of $0.88 per share. This is a positive change from Darden Restaurants’s previous quarterly dividend of $0.75. This represents a $3.52 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, July 9th. Darden Restaurants’s dividend payout ratio (DPR) is currently 60.48%.

In other Darden Restaurants news, CFO Ricardo Cardenas sold 14,128 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $124.87, for a total transaction of $1,764,163.36. Following the completion of the transaction, the chief financial officer now directly owns 23,848 shares of the company’s stock, valued at approximately $2,977,899.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David C. George sold 69,779 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $123.25, for a total transaction of $8,600,261.75. Following the transaction, the chief operating officer now directly owns 109,344 shares of the company’s stock, valued at $13,476,648. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,907 shares of company stock valued at $11,975,585. 0.65% of the stock is owned by company insiders.

Darden Restaurants Company Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

Recommended Story: Trading based on a resistance level

Institutional Ownership by Quarter for Darden Restaurants (NYSE:DRI)

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.