Quantbot Technologies Lp buys $6,639,307 stake in Darden Restaurants (DRI)

Darden Restaurants (DRI) : Quantbot Technologies Lp scooped up 96,286 additional shares in Darden Restaurants during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 109,343 shares of Darden Restaurants which is valued at $6,639,307.Darden Restaurants makes up approximately 0.68% of Quantbot Technologies Lp’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c sold out all of its stake in DRI during the most recent quarter. The investment firm sold 1,814 shares of DRI which is valued $110,146.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in DRI in the latest quarter, The investment management firm added 8,893 additional shares and now holds a total of 106,984 shares of Darden Restaurants which is valued at $6,496,068. Darden Restaurants makes up approx 0.08% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Boston Advisors reduced its stake in DRI by selling 217,243 shares or 40.3% in the most recent quarter. The Hedge Fund company now holds 321,818 shares of DRI which is valued at $19,206,098. Darden Restaurants makes up approx 0.46% of Boston Advisors’s portfolio. Hl Financial Services added DRI to its portfolio by purchasing 6,194 company shares during the most recent quarter which is valued at $369,658. Darden Restaurants makes up approx 0.01% of Hl Financial Services’s portfolio. Pensionfund Dsm Netherlands added DRI to its portfolio by purchasing 50,000 company shares during the most recent quarter which is valued at $3,074,500. Darden Restaurants makes up approx 0.41% of Pensionfund Dsm Netherlands’s portfolio.

Darden Restaurants closed down -0.25 points or -0.40% at $62.17 with 13,95,850 shares getting traded on Monday. Post opening the session at $62.75, the shares hit an intraday low of $61.89 and an intraday high of $62.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Stifel Downgraded Darden Restaurants on Jul 26, 2016 to ” Sell”, Price Target of the shares are set at $53.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 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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