Darden Restaurants (DRI) : Quantres Asset Management Ltd added new position in Darden Restaurants during the most recent quarter end. The investment management firm now holds 45,800 shares of Darden Restaurants which is valued at $2,865,248 , the company said in a statement filed on Jul 20, 2016 with the SEC.Darden Restaurants makes up approximately 1.70% of Quantres Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Concorde Asset Management added DRI to its portfolio by purchasing 3,513 company shares during the most recent quarter which is valued at $219,773. Darden Restaurants makes up approx 0.21% of Concorde Asset Management’s portfolio.Charter Trust Co reduced its stake in DRI by selling 46 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 4,309 shares of DRI which is valued at $270,088. Darden Restaurants makes up approx 0.03% of Charter Trust Co’s portfolio. Cypress Asset Management Inctx sold out all of its stake in DRI during the most recent quarter. The investment firm sold 55,475 shares of DRI which is valued $3,477,173.Gw&k Investment Management boosted its stake in DRI in the latest quarter, The investment management firm added 23,780 additional shares and now holds a total of 381,922 shares of Darden Restaurants which is valued at $23,938,871. Darden Restaurants makes up approx 0.49% of Gw&k Investment Management’s portfolio.
Darden Restaurants opened for trading at $62.56 and hit $62.945 on the upside on Wednesday, eventually ending the session at $62.68, with a gain of 0.48% or 0.3 points. The heightened volatility saw the trading volume jump to 14,49,691 shares. Company has a market cap of $7,943 M.
On the company’s financial health, Darden Restaurants reported $1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 30, 2016. Analyst had a consensus of $1.09. The company had revenue of $1790.20 million for the quarter, compared to analysts expectations of $1817.58 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Darden Restaurants. Darden Restaurants was Downgraded by Wells Fargo to ” Market Perform” on Jul 13, 2016. Shares were Reiterated by Maxim Group on Jul 1, 2016 to “Buy” and Lowered the Price Target to $ 74 from a previous price target of $77 .Darden Restaurants was Upgraded by Tigress Financial to ” Buy” on Jun 24, 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.