Darden Restaurants (DRI) : Gw Henssler Associates Ltd scooped up 5,801 additional shares in Darden Restaurants during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 89,573 shares of Darden Restaurants which is valued at $5,669,971.Darden Restaurants makes up approximately 0.66% of Gw Henssler Associates Ltd’s portfolio.
Darden Restaurants closed down -0.22 points or -0.34% at $63.64 with 15,99,070 shares getting traded on Wednesday. Post opening the session at $63.69, the shares hit an intraday low of $63.2 and an intraday high of $63.98 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in DRI during the most recent quarter. The investment firm sold 8,193 shares of DRI which is valued $518,617.British Columbia Investment Management Corp boosted its stake in DRI in the latest quarter, The investment management firm added 15,431 additional shares and now holds a total of 105,521 shares of Darden Restaurants which is valued at $6,831,430. Darden Restaurants makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.
On the company’s financial health, Darden Restaurants reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 5, 2016. Analyst had a consensus of $1.20. The company had revenue of $1847.50 million for the quarter, compared to analysts expectations of $1845.88 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.
Many Wall Street Analysts have commented on Darden Restaurants. Shares were Reiterated by Maxim Group on Apr 6, 2016 to “Buy” and Lowered the Price Target to $ 77 from a previous price target of $79 .Shares were Reiterated by Barclays on Apr 6, 2016 to “Overweight” and Lowered the Price Target to $ 80 from a previous price target of $81 .Company shares were Reiterated by Maxim Group on Mar 11, 2016 to “Buy”, Firm has raised the Price Target to $ 79 from a previous price target of $70 .
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.