New York: Darden (NYSE:DRI) Stock Has Just Had Its Hold Rating Reiterated by Jefferies. Shares now Have a $90.0 Target

September 17, 2017 - By Vivian Park

 New York: Darden (NYSE:DRI) Stock Has Just Had Its Hold Rating Reiterated by Jefferies. Shares now Have a $90.0 Target

Investors sentiment increased to 1.05 in Q4 2016. Its up 0.14, from 0.91 in 2016Q3. It is positive, as 54 investors sold Darden Restaurants, Inc. shares while 165 reduced holdings. 77 funds opened positions while 154 raised stakes. 111.55 million shares or 5.19% more from 106.05 million shares in 2016Q3 were reported.

Gradient Lc has invested 0.52% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Royal Comml Bank Of Canada has 619,394 shares for 0.02% of their portfolio. Calamos Advisors Ltd Liability has invested 0.01% in Darden Restaurants, Inc. (NYSE:DRI). New Mexico Educational Retirement Board reported 13,526 shares stake. Manufacturers Life Ins The reported 0.01% stake. Raymond James Financial Service Advisors owns 19,257 shares. Tiaa Cref Mngmt Ltd Liability Corporation has invested 0.02% in Darden Restaurants, Inc. (NYSE:DRI). Counselors reported 36,842 shares stake. Commonwealth Equity Ser holds 21,798 shares or 0.01% of its portfolio. Parkside Retail Bank stated it has 0.1% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Lsv Asset Mgmt holds 545,849 shares. 5,995 are owned by Franklin Res. Smith Salley, a North Carolina-based fund reported 2,882 shares. Janney Montgomery Scott Limited Liability holds 0.02% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 17,867 shares. Great West Life Assurance Communications Can holds 169,182 shares or 0.03% of its portfolio.

Since March 31, 2017, it had 0 insider buys, and 2 selling transactions for $15.17 million activity. The insider LEE EUGENE I JR sold 98,124 shares worth $8.16M. $7.01 million worth of Darden Restaurants, Inc. (NYSE:DRI) was sold by GEORGE DAVID C on Monday, April 3.

Darden (NYSE:DRI) Rating Reaffirmed

Jefferies now has a $90.0 TP on the $10.51 billion market cap company or 7.32 % upside potential. In an analyst report released on Monday morning, Darden (NYSE:DRI) shares have had their Hold Rating reiterated by research analysts at Jefferies.

Investors sentiment increased to 1.05 in Q4 2016. Its up 0.14, from 0.91 in 2016Q3. It is positive, as 54 investors sold Darden Restaurants, Inc. shares while 165 reduced holdings. 77 funds opened positions while 154 raised stakes. 111.55 million shares or 5.19% more from 106.05 million shares in 2016Q3 were reported.

Gradient Lc has invested 0.52% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Royal Comml Bank Of Canada has 619,394 shares for 0.02% of their portfolio. Calamos Advisors Ltd Liability has invested 0.01% in Darden Restaurants, Inc. (NYSE:DRI). New Mexico Educational Retirement Board reported 13,526 shares stake. Manufacturers Life Ins The reported 0.01% stake. Raymond James Financial Service Advisors owns 19,257 shares. Tiaa Cref Mngmt Ltd Liability Corporation has invested 0.02% in Darden Restaurants, Inc. (NYSE:DRI). Counselors reported 36,842 shares stake. Commonwealth Equity Ser holds 21,798 shares or 0.01% of its portfolio. Parkside Retail Bank stated it has 0.1% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Lsv Asset Mgmt holds 545,849 shares. 5,995 are owned by Franklin Res. Smith Salley, a North Carolina-based fund reported 2,882 shares. Janney Montgomery Scott Limited Liability holds 0.02% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 17,867 shares. Great West Life Assurance Communications Can holds 169,182 shares or 0.03% of its portfolio.

Since March 31, 2017, it had 0 insider buys, and 2 selling transactions for $15.17 million activity. The insider LEE EUGENE I JR sold 98,124 shares worth $8.16M. $7.01 million worth of Darden Restaurants, Inc. (NYSE:DRI) was sold by GEORGE DAVID C on Monday, April 3.

Darden Restaurants, Inc. (NYSE:DRI) Ratings Coverage

Among 22 analysts covering Darden Restaurants (NYSE:DRI), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Darden Restaurants has $10200 highest and $50 lowest target. $79.56’s average target is -5.13% below currents $83.86 stock price. Darden Restaurants had 56 analyst reports since August 25, 2015 according to SRatingsIntel. On Wednesday, April 6 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Sell” rating by Stifel Nicolaus on Tuesday, July 26. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Hold” rating by Maxim Group on Wednesday, September 30. The stock has “Hold” rating by Jefferies on Monday, September 11. The stock has “Buy” rating by Canaccord Genuity on Friday, June 9. Maxim Group downgraded the stock to “Hold” rating in Monday, November 28 report. The firm has “Hold” rating given on Thursday, June 22 by BMO Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, March 29. The rating was maintained by Maxim Group with “Hold” on Friday, March 24. The firm has “Neutral” rating given on Thursday, October 8 by SunTrust.

The stock increased 0.79% or $0.66 on September 15, reaching $83.86. About 2.07M shares traded or 15.00% up from the average. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since September 17, 2016 and is uptrending. It has outperformed by 15.26% the S&P500.

Wall Street await Darden Restaurants, Inc. (NYSE:DRI) to release earnings on September, 26 before the open. Analysts forecast earnings per share of $0.98, up exactly $0.10 or 11.36 % from 2014’s $0.88 EPS. The expected DRI’s profit could reach $122.82 million giving the stock 21.39 P/E in the case that $0.98 earnings per share is reported. After posting $1.18 EPS for the previous quarter, Darden Restaurants, Inc.’s analysts now forecast -16.95 % negative EPS growth.

Darden Restaurants, Inc. is a full-service restaurant company. The company has market cap of $10.51 billion. The Firm owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. It has a 21.92 P/E ratio. The Company’s divisions include Olive Garden, LongHorn Steakhouse, Fine Dining ) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

More recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Nasdaq.com which released: “Darden Restaurants is Oversold” on September 06, 2017. Also Seekingalpha.com published the news titled: “Darden: Forget That Restaurant Recession” on August 31, 2017. Marketwatch.com‘s news article titled: “Olive Garden launches this year’s Never Ending Pasta Pass with $200 trip to Italy” with publication date: September 12, 2017 was also an interesting one.

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