Darden Restaurants, Inc. (NYSE:DRI) is expected to pay $0.56 on Nov 1, 2016. The indicated annual dividend is $2.24. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on Darden Restaurants, Inc.’s current price of $61.36, the dividend is 0.91%. This dividend’s record date is Oct 10, 2016 and the announcement date is Sep 30, 2016. The stock increased 0.07% or $0.04 during the last trading session, hitting $61.36. About 15 shares traded hands. Darden Restaurants, Inc. (NYSE:DRI) has declined 4.50% since March 1, 2016 and is downtrending. It has underperformed by 13.74% the S&P500.
Darden Restaurants, Inc. is a full-service restaurant company. The company has a market cap of $7.70 billion. The Firm owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. It has a 22.01 P/E ratio. The Company’s divisions include Olive Garden, LongHorn Steakhouse, Fine Dining ) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.12, from 1.21 in 2016Q1. The ratio worsened, as 46 funds sold all Darden Restaurants, Inc. shares owned while 172 reduced positions. 56 funds bought stakes while 182 increased positions. They now own 115.09 million shares or 1.22% less from 116.51 million shares in 2016Q1.
Us State Bank De holds 0.03% or 129,820 shares in its portfolio. Invesco Limited accumulated 0.12% or 5.28M shares. First Savings Bank Sioux Falls accumulated 0.05% or 240 shares. The United Kingdom-based Glg Prtn L P has invested 0.12% in Darden Restaurants, Inc. (NYSE:DRI). Nuveen Asset Lc owns 140,277 shares or 0.05% of their US portfolio. Moreover, State Of New Jersey Common Pension Fund D has 0.01% invested in Darden Restaurants, Inc. (NYSE:DRI) for 40,000 shares. South Dakota Investment Council has 0.03% invested in the company for 23,642 shares. Scout holds 0.7% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 395,409 shares. Envestnet Asset accumulated 0.01% or 47,121 shares. Teachers Advsrs has invested 0.04% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Babson Mngmt Limited Liability Corp last reported 34,627 shares in the company. First Commercial Bank Na holds 50,800 shares or 0.62% of its portfolio. Bluestein R H & has 7,000 shares for 0.03% of their US portfolio. Hsbc Public Ltd Co holds 0.03% or 152,318 shares in its portfolio. Ameritas Prtn, a Nebraska-based fund reported 1,092 shares.
Insider Transactions: Since April 12, 2016, the stock had 1 insider purchase, and 1 sale for $58,100 net activity. 3,000 shares were bought by FOGARTY JAMES P, worth $185,100. STILLMAN ALAN N sold $127,000 worth of Darden Restaurants, Inc. (NYSE:DRI) on Tuesday, April 12.
Darden Restaurants, Inc. (NYSE:DRI) Ratings Coverage
Out of 16 analysts covering Darden Restaurants (NYSE:DRI), 9 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 56% are positive. Darden Restaurants has been the topic of 27 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Zacks downgraded the stock to “Strong-Buy” rating in Tuesday, August 25 report. The stock has “Outperform” rating given by Oppenheimer on Thursday, November 12. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Sell” rating by Stifel Nicolaus on Tuesday, July 26. The stock has “Sell” rating given by Stifel Nicolaus on Monday, October 3. The stock has “Buy” rating given by Maxim Group on Tuesday, February 16. The rating was upgraded by Piper Jaffray on Tuesday, May 17 to “Overweight”. The firm has “Buy” rating by Maxim Group given on Monday, December 21. The rating was initiated by Bernstein with “Market Perform” on Thursday, May 26. As per Monday, December 21, the company rating was maintained by RBC Capital Markets. The firm has “Underperform” rating by Raymond James given on Friday, January 29.
More recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Wsj.com which released: “Room for Seconds at Darden Restaurants” on October 03, 2016. Also Marketwatch.com published the news titled: “Darden Restaurants facing investor pressure to eliminate antibiotics from …” on September 29, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: ClubCorp Holdings, Vail Resorts and Darden Restaurants” with publication date: October 03, 2016 was also an interesting one.
DRI Company Profile
Darden Restaurants, Inc., incorporated on March 30, 1995, is a full-service restaurant company. The Firm owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s divisions include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues). As of May 29, 2016, the Company also had 50 restaurants operated by independent third parties pursuant to area development and franchise agreements.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.