1 stock experts have also suggested a buy rating. “Now that Darden has completed this, he is moving on to other companies”.
Advertisement
The 52 week high of Darden Restaurants, Inc.’s shares is 75.6 whilst the 52 week low for the company’s shares is 53.38. Sales are expected to drop at a 6.40% rate. Adjusted earnings rose to $1.21 a share.
Other Hedge Funds, Including, Aqr Capital Management boosted its stake in DRI during the Q4 period, The investment management firm added 1,096,579 additional shares and now holds a total of 3,488,463 shares of Darden Restaurants which is valued at $234.7 Million. (NYSE:DAL)’s values for SMA20, SMA50 and SMA200 are -2.25%, 0.99% and 1.19%, respectively. About 3.90 million shares traded hands or 145.28% up from the average. Company has a market cap of $8,635 M. The company earned $1.85 billion during the quarter. The firm’s revenue for the quarter was up 6.7% compared to the same quarter past year. Street expectations are for EPS of $3.49.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. It is payable on May 2 to all existing shareholders, as of April 11. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. The firm maintained its “overweight” rating on the stock.
Darden Restaurants, Inc. has 128,236,000 shares in issue which have a share price of 64.8 giving Darden Restaurants, Inc. a market capitalisation of 8.31B Dollars.
Darden Restaurants (NYSE:DRI) has received a short term rating of strong buy from experts at Zacks with a rank of 1. Darden plans to open about 22 restaurants in the year, and capital expenditure is forecasted to be in the range of $230-255 million. The current rating of the shares is Outperform.
Darden’s shares, which have risen almost 60 percent since Smith took over as chairman in October 2014, fell 3.4 percent at $65.03 in morning trading on Tuesday. The stock increased in value by nearly 0.89% over the past week and grew 4.37% in the past month. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. ‘It is with mixed emotion that I leave the Board of Directors, ‘ said Smith. It worked, bringing the struggling company higher prices for its stocks. The disclosure for this sale can be found here.
On last trading day Darden Restaurants, Inc.
Starboard has been reducing its stake in Darden and now owns 5.2 percent of the company.
Advertisement
Want to see what other hedge funds are holding DRI?
