Finally Time To Cut Your Stake? Maxim Group Downgrades Darden Restaurants (NYSE:DRI) Shares

July 16, 2018 - By Jack Shaw

Darden Restaurants, Inc. (NYSE:DRI) Logo

Investors sentiment is 0.88 in Q1 2018. Its the same as in 2017Q4. It is flat, as 53 investors sold Darden Restaurants, Inc. shares while 190 reduced holdings. only 75 funds opened positions while 138 raised stakes. 104.89 million shares or 1.80% more from 103.03 million shares in 2017Q4 were reported.

Quantbot Technologies Lp holds 0.24% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 32,527 shares. 34,533 are held by Kbc Group Nv. Kings Point Cap Mgmt owns 766 shares. Cleararc Inc owns 0.04% invested in Darden Restaurants, Inc. (NYSE:DRI) for 3,169 shares. Keybank Association Oh holds 0% or 9,581 shares. Meiji Yasuda Asset Management Ltd invested in 0.11% or 13,536 shares. Of Toledo Na Oh has invested 0.14% in Darden Restaurants, Inc. (NYSE:DRI). Shine Investment Advisory Serv Incorporated holds 319 shares or 0.01% of its portfolio. Numerixs Invest Technologies invested 0.1% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Bnp Paribas Asset Management invested 0.11% in Darden Restaurants, Inc. (NYSE:DRI). Gradient Investments Ltd Liability holds 94,201 shares. Mitsubishi Ufj Tru Bk owns 360,531 shares for 0.05% of their portfolio. Clearbridge Lc stated it has 0% in Darden Restaurants, Inc. (NYSE:DRI). Oakworth Cap invested 0.03% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Cap Fund Mngmt owns 504,490 shares or 0.26% of their US portfolio.

Since June 25, 2018, it had 0 insider purchases, and 6 insider sales for $19.10 million activity. GEORGE DAVID C had sold 38,323 shares worth $4.15 million on Tuesday, June 26. $644,264 worth of stock was sold by Kiernan Daniel J. on Monday, June 25. Cardenas Ricardo sold $1.16M worth of Darden Restaurants, Inc. (NYSE:DRI) on Monday, June 25. $6.54 million worth of Darden Restaurants, Inc. (NYSE:DRI) shares were sold by LEE EUGENE I JR.

Darden Restaurants (NYSE:DRI) Receives a Downgrade

Equity research analysts at Maxim Group’s equity division cut the rating for shares of Darden Restaurants (NYSE:DRI) from a Buy to a Hold on Monday, 16 July.

Darden Restaurants, Inc. (NYSE:DRI) Ratings Coverage

Among 19 analysts covering Darden (NYSE:DRI), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Darden has $128 highest and $90 lowest target. $107.63’s average target is -2.91% below currents $110.86 stock price. Darden had 23 analyst reports since March 8, 2018 according to SRatingsIntel. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Equal-Weight” rating given on Friday, June 22 by Morgan Stanley. The rating was maintained by Citigroup with “Buy” on Thursday, July 12. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Buy” rating given on Thursday, March 22 by Oppenheimer. The rating was maintained by Maxim Group with “Buy” on Tuesday, April 17. Stifel Nicolaus maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Friday, March 23. Stifel Nicolaus has “Buy” rating and $100 target. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Hold” rating given on Friday, March 23 by Deutsche Bank. The firm earned “Buy” rating on Thursday, March 8 by Oppenheimer. The company was maintained on Friday, March 23 by RBC Capital Markets. The firm has “Buy” rating by Bernstein given on Thursday, April 19. The stock has “Buy” rating by Raymond James on Monday, April 2.

The stock decreased 1.10% or $1.23 during the last trading session, reaching $110.86. About 731,398 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has declined 0.25% since July 16, 2017 and is downtrending. It has underperformed by 12.82% the S&P500.

Analysts await Darden Restaurants, Inc. (NYSE:DRI) to report earnings on September, 25. They expect $1.22 earnings per share, up 23.23 % or $0.23 from last year’s $0.99 per share. DRI’s profit will be $151.02 million for 22.72 P/E if the $1.22 EPS becomes a reality. After $1.39 actual earnings per share reported by Darden Restaurants, Inc. for the previous quarter, Wall Street now forecasts -12.23 % negative EPS growth.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. The company has market cap of $13.72 billion. As of June 27, 2017, it owned and operated approximately 1,700 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's brands. It has a 23.45 P/E ratio.

More notable recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Seekingalpha.com which released: “Buy PayPal Up To $98 – Cramer’s Lightning Round (7/10/18)” on July 11, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For July 16, 2018” published on July 16, 2018, Bizjournals.com published: “Darden Restaurants’ ‘organizational adjustments’ involve the departure of Cheddar’s, Seasons 52 top execs” on July 13, 2018. More interesting news about Darden Restaurants, Inc. (NYSE:DRI) were released by: Seekingalpha.com and their article: “Darden: Alpha Thesis Has Worked; Time To Reassess It” published on July 05, 2018 as well as Bizjournals.com‘s news article titled: “LongHorn Steakhouse to debut 2 new Orlando restaurants” with publication date: July 05, 2018.

Darden Restaurants, Inc. (NYSE:DRI) Institutional Positions Chart

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.