Darden Restaurants (DRI) : Peddock Capital Advisors scooped up 171 additional shares in Darden Restaurants during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 7,755 shares of Darden Restaurants which is valued at $482,594.Darden Restaurants makes up approximately 0.32% of Peddock Capital Advisors’s portfolio.
Other Hedge Funds, Including , National Pension Service sold out all of its stake in DRI during the most recent quarter. The investment firm sold 96 shares of DRI which is valued $5,974. Highland Capital Management sold out all of its stake in DRI during the most recent quarter. The investment firm sold 13,136 shares of DRI which is valued $816,796.Raymond James Trust N.a. reduced its stake in DRI by selling 251 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 8,049 shares of DRI which is valued at $501,936. Darden Restaurants makes up approx 0.04% of Raymond James Trust N.a.’s portfolio. First Mercantile Trust Co sold out all of its stake in DRI during the most recent quarter. The investment firm sold 16,250 shares of DRI which is valued $1,001,488.
Darden Restaurants opened for trading at $62.25 and hit $62.88 on the upside on Friday, eventually ending the session at $62.23, with a gain of 0.08% or 0.05 points. The heightened volatility saw the trading volume jump to 8,61,551 shares. Company has a market cap of $7,659 M.
On the company’s financial health, Darden Restaurants reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 4, 2016. Analyst had a consensus of $0.82. The company had revenue of $17114.40 million for the quarter, compared to analysts expectations of $1719.41 million. The company’s revenue was up 914.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.
Many Wall Street Analysts have commented on Darden Restaurants. Shares were Reiterated by Stifel on Oct 3, 2016 to “Sell” and Lowered the Price Target to $ 50 from a previous price target of $53 .Stifel Downgraded Darden Restaurants on Jul 26, 2016 to ” Sell”, Price Target of the shares are set at $53.
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.