Analysts See $1.21 EPS for Darden Restaurants, Inc. (DRI)

September 16, 2018 - By Robert Shackelford

Darden Restaurants, Inc. (NYSE:DRI) LogoInvestors sentiment increased to 1.07 in Q2 2018. Its up 0.19, from 0.88 in 2018Q1. It is positive, as 38 investors sold Darden Restaurants, Inc. shares while 180 reduced holdings. 90 funds opened positions while 143 raised stakes. 104.37 million shares or 0.49% less from 104.89 million shares in 2018Q1 were reported.
Morgan Stanley reported 0.04% stake. Nomura Asset Management Com holds 23,673 shares or 0.03% of its portfolio. State Of Wisconsin Inv Board has 0.06% invested in Darden Restaurants, Inc. (NYSE:DRI) for 191,673 shares. Ontario Teachers Pension Plan Board holds 0% or 2,937 shares in its portfolio. Blair William Il invested in 0% or 6,664 shares. Neuberger Berman Group Inc Limited Company has invested 0% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Charter stated it has 0.07% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Catalyst Cap Limited Liability Company owns 35,232 shares or 0.13% of their US portfolio. North Star Investment Mngmt Corporation holds 101 shares or 0% of its portfolio. Lifeplan Fincl accumulated 914 shares or 0.05% of the stock. Hartford Invest holds 0.07% or 21,357 shares. Asset Mngmt One Com Ltd has invested 0.05% in Darden Restaurants, Inc. (NYSE:DRI). Dnb Asset Management As holds 13,633 shares or 0% of its portfolio. Blackrock Inc has 11.05 million shares for 0.05% of their portfolio. Bbva Compass Fincl Bank Inc accumulated 0.1% or 15,297 shares.

Since June 25, 2018, it had 0 insider purchases, and 7 insider sales for $19.34 million activity. 60,973 shares valued at $6.54 million were sold by LEE EUGENE I JR on Wednesday, June 27. Madonna John W. also sold $76,445 worth of Darden Restaurants, Inc. (NYSE:DRI) on Monday, June 25. $242,778 worth of stock was sold by Milanes Douglas J. on Monday, July 23. Kiernan Daniel J. also sold $644,264 worth of Darden Restaurants, Inc. (NYSE:DRI) on Monday, June 25. $4.15 million worth of Darden Restaurants, Inc. (NYSE:DRI) was sold by GEORGE DAVID C on Tuesday, June 26.

Analysts expect Darden Restaurants, Inc. (NYSE:DRI) to report $1.21 EPS on September, 25.They anticipate $0.22 EPS change or 22.22 % from last quarter’s $0.99 EPS. DRI’s profit would be $150.13M giving it 24.60 P/E if the $1.21 EPS is correct. After having $1.39 EPS previously, Darden Restaurants, Inc.’s analysts see -12.95 % EPS growth. The stock increased 0.17% or $0.2 during the last trading session, reaching $119.05. About 815,796 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 46.20% since September 16, 2017 and is uptrending. It has outperformed by 30.58% the S&P500.

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

Among 19 analysts covering Darden (NYSE:DRI), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Darden has $130 highest and $90 lowest target. $112.19’s average target is -5.76% below currents $119.05 stock price. Darden had 27 analyst reports since March 22, 2018 according to SRatingsIntel. Bernstein upgraded the stock to “Buy” rating in Thursday, April 19 report. Robert W. Baird maintained the stock with “Buy” rating in Friday, June 22 report. Deutsche Bank maintained Darden Restaurants, Inc. (NYSE:DRI) on Friday, March 23 with “Hold” rating. The stock has “Buy” rating by Canaccord Genuity on Friday, June 22. The firm has “Buy” rating given on Tuesday, April 17 by Maxim Group. Raymond James upgraded the shares of DRI in report on Monday, April 2 to “Buy” rating. On Friday, March 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, September 13. The firm earned “Equal-Weight” rating on Friday, June 22 by Morgan Stanley. The firm has “Overweight” rating by Stephens given on Monday, March 26.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. The company has market cap of $14.77 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 25.18 P/E ratio.

More important recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Benzinga.com which released: “Goldman Takes A Bite Of Darden, Spits Out Bloomin’ Brands, Wingstop” on September 11, 2018, also 247Wallst.com published article titled: “Oracle, Micron, FedEx and More Major Earnings Coming This Week”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For September 11, 2018” on September 11, 2018. More interesting news about Darden Restaurants, Inc. (NYSE:DRI) was released by: Investorplace.com and their article: “What Will the 10000 New Eco-Friendly Stores Do for Starbucks Stock?” with publication date: September 15, 2018.

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

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