Darden Restaurants, Inc. Could Rise a Lot According to The Today’s Call Option Activity

 Darden Restaurants, Inc. Could Rise a Lot According to The Today's Call Option Activity

In today’s session Darden Restaurants, Inc. (DRI) registered an unusually high (1,775) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious DRI increase. With 1,775 contracts traded and 28104 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: DRI161021C00060000 closed last at: $2.15 or 4.4% down. About 189,198 shares traded hands. Darden Restaurants, Inc. (NYSE:DRI) has declined 4.58% since March 2, 2016 and is downtrending. It has underperformed by 12.83% the S&P500.

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. $80 is the highest target while $50 is the lowest. The $70.82 average target is 14.39% above today’s ($61.91) stock price. Darden Restaurants has been the topic of 27 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, February 16 by Maxim Group. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Buy” rating by Maxim Group on Monday, October 19. The firm has “Buy” rating by Tigress Financial given on Friday, June 24. BTIG Research maintained the stock with “Buy” rating in Wednesday, April 6 report. As per Wednesday, November 11, the company rating was maintained by Maxim Group. As per Monday, December 21, the company rating was maintained by RBC Capital Markets. The rating was initiated by SunTrust with “Neutral” on Thursday, October 8. The company was maintained on Friday, November 13 by Credit Suisse. Bernstein initiated the stock with “Market Perform” rating in Thursday, May 26 report. The rating was maintained by Oppenheimer on Thursday, November 12 with “Outperform”.

According to Zacks Investment Research, “Darden Restaurants, Inc. is the world’s largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden through its subsidiaries, engages in the ownership and operation of casual dining restaurants in the United States and Canada.”

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. 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.
The United Kingdom-based Glg L P has invested 0.12% in Darden Restaurants, Inc. (NYSE:DRI). The Pennsylvania-based Citizens And Northern Corporation has invested 0.27% in Darden Restaurants, Inc. (NYSE:DRI). Northern Trust accumulated 2.13M shares or 0.04% of the stock. The Illinois-based Guggenheim Lc has invested 0.1% in Darden Restaurants, Inc. (NYSE:DRI). Beacon owns 40,511 shares or 0.47% of their US portfolio. Fuller & Thaler Asset Management Inc accumulated 0% or 1,000 shares. Bbva Compass Bankshares Incorporated owns 15,775 shares or 0.07% of their US portfolio. Ameriprise Finance Inc holds 0.14% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 3.89 million shares. Moreover, Us Commercial Bank De has 0.03% invested in Darden Restaurants, Inc. (NYSE:DRI) for 129,820 shares. Quantres Asset Management Limited last reported 45,800 shares in the company. Jefferies Ltd owns 9,031 shares or 0% of their US portfolio. First Midwest Bank Trust Division has 51,380 shares for 0.4% of their US portfolio. Louisiana State Employees Retirement System holds 0.02% or 7,500 shares in its portfolio. Wellington Management Limited Liability Partnership has 0% invested in the company for 94,966 shares. The Massachusetts-based Congress Asset Mgmt Company Ma has invested 0.16% in Darden Restaurants, Inc. (NYSE:DRI).

Insider Transactions: Since April 12, 2016, the stock had 1 buy, and 1 sale for $58,100 net activity. STILLMAN ALAN N had sold 2,000 shares worth $127,000. 3,000 Darden Restaurants, Inc. (NYSE:DRI) shares with value of $185,100 were bought by FOGARTY JAMES P.

Darden Restaurants, Inc. is a full-service restaurant company. The company has a market cap of $7.73 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 22.21 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).

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.

More notable 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 Investorplace.com with their article: “3 Big Stock Charts: Darden Restaurants, Inc. (DRI), Dr Pepper Snapple Group …” published on October 04, 2016, Marketwatch.com published: “Olive Garden operator, Darden Restaurants, beats Q1 earnings, raises FY guidance” on October 04, 2016. More interesting news about Darden Restaurants, Inc. (NYSE:DRI) were released by: Seekingalpha.com and their article: “Darden Restaurants beats by $0.06, misses on revenue” published on October 04, 2016 as well as Marketwatch.com‘s news article titled: “Darden Restaurants facing investor pressure to eliminate antibiotics from …” with publication date: September 29, 2016.

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