Darden Restaurants Inc (DRI) Files Form 4 Insider Buying : James P Fogarty Buys 3,000 Shares

Darden Restaurants Inc (DRI): James P Fogarty , director of Darden Restaurants Inc purchased 3,000 shares on Jul 7, 2016. The Insider buying transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $61.70 per share for a total value of $185,100.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 20, 2016, Alan N Stillman (director) sold 2,000 shares at $65.30 per share price.On Mar 14, 2016, Jeffrey C Smith (director) sold 370,566 shares at $67.69 per share price.Also, On Dec 23, 2015, David C George (President, Olive Garden) sold 40,008 shares at $63.78 per share price.On Dec 23, 2015, Eugene I Jr Lee (President and CEO) sold 111,695 shares at $63.60 per share price.

Shares of Darden Restaurants (DRI) ended Friday, Jul 8, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -0.06% at $62.03 with 21,77,019 shares getting traded. Post opening the session at $62.17, the shares hit an intraday low of $61.85 and an intraday high of $62.69 and the price vacillated in this range throughout the day. The company has a market cap of $7,861 M and the number of outstanding shares has been calculated to be 12,67,25,709 shares. The 52-week high of Darden Restaurants is $68.68 and the 52-week low is $53.38.

Darden Restaurants Money Flow Index Chart

Company has been under the radar of several Street Analysts.Darden Restaurants is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 74 from a previous price target of $77 . The Rating was issued on Jul 1, 2016.Darden Restaurants is Upgraded by Tigress Financial to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 24, 2016.Darden Restaurants is Upgraded by Piper Jaffray to Overweight and the brokerage firm has raised the Price Target to $ 78 from a previous price target of $67 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 17, 2016.

Darden Restaurants Inc. is a full service restaurant company. The Company owns and operates more than 1500 restaurants. The Company’s restaurant brands include Olive Garden LongHorn Steakhouse Bahama Breeze Seasons 52 The Capital Grille Eddie V’s Prime Seafood Wildfish Seafood Grill and Yard House. Through subsidiaries the Company owns and operates all of its restaurants in the United States and Canada except for three restaurants located in Florida and three restaurants in California which are owned jointly by the Company and third parties and managed by the Company seven franchised restaurants in Puerto Rico and one Atlanta Georgia airport location.

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