Brokers Issue Forecasts for Darden Restaurants, Inc.'s FY2018 Earnings (DRI)

Lloyd Doyle
January 13, 2018

The firm has "Hold" rating given on Thursday, August 3 by Deutsche Bank. Credit Suisse Group reiterated a "market perform" rating and issued a $90.00 price target (up previously from $82.00) on shares of Darden Restaurants in a research report on Wednesday, December 20th. Barclays Capital maintained the shares of OTEX in report on Friday, August 4 with "Overweight" rating. On Tuesday, September 1 the stock rating was downgraded by Zacks to "Hold". (NYSE:DRI) has "Underperform" rating given on Friday, January 29 by Raymond James. The firm has "Sector Perform" rating by RBC Capital Markets given on Wednesday, March 29. The rating was maintained by Citigroup with "Buy" on Monday, October 2. Darden Restaurants, Inc. (DRI) has had a 20-day average volume of 1,888,400 shares, with an average of 40% of short term indicators pointed at Buy.

Analysts await GoDaddy Inc. More information about the sale dated January 11, 2018, could be found freely available for public review in a legally required document on the SEC website here. Grove Bank & Trust increased its stake in Darden Restaurants by 155.6% in the third quarter. (NYSE:WUBA) has "Buy" rating given on Friday, June 3 by Brean Capital. Therefore 65% are positive. Darden Restaurants has a fifty-two week low of $71.43 and a fifty-two week high of $100.11. $46.67's average target is -8.35% below currents $50.92 stock price.

Additionally, according to the most recent 13F filing from Darden Restaurants, Inc. Oppenheimer maintained the shares of DRI in report on Wednesday, January 10 with "Buy" rating. The stock of Open Text Corporation (NASDAQ:OTEX) has "Outperform" rating given on Tuesday, September 13 by BMO Capital Markets. Regentatlantic Capital Llc sold 4,520 shares as the company's stock rose 13.33% with the market. The stock of GoDaddy Inc. Darden Restaurants's dividend payout ratio is now 64.62%. The firm has "Hold" rating given on Thursday, December 21 by RBC Capital Markets. They set a neutral rating on the stock. Stifel Nicolaus downgraded the shares of DRI in report on Tuesday, July 26 to "Sell" rating. The company was downgraded on Monday, November 28 by Maxim Group. The rating was downgraded by Zacks to "Strong-Buy" on Tuesday, August 25. Its up 0.01, from 0.95 in 2017Q2. Maxim Group initiated Darden Restaurants, Inc.


Several institutional investors and hedge funds have recently made changes to their positions in DRI. Fulton Bank & Trust Na reported 0.02% in Darden Restaurants, Inc. Finally, Carlson Capital Management acquired a new stake in shares of Darden Restaurants during the fourth quarter valued at about $229,000.

DRI has been the topic of a number of other reports. Bb&T Corp owns 0% invested in Darden Restaurants, Inc. (NYSE:DRI). Alethea Cap Mgmt Limited Liability Corporation owns 26,967 shares or 2.49% of their United States portfolio. Finally, Choate Investment Advisors boosted its position in Darden Restaurants by 0.3% in the third quarter. Cubist Systematic Strategies holds 19,942 shares. Utah Retirement Sys reported 22,889 shares. Smithfield Com stated it has 0% of its portfolio in Darden Restaurants, Inc. It dropped, as 14 investors sold DM shares while 27 reduced holdings. Krilogy Financial LLC now owns 2,133 shares of the restaurant operator's stock worth $135,000 after buying an additional 33 shares during the last quarter. Wells Fargo Mn owns 474,768 shares or 0% of their U.S. portfolio. Jacobs Levy Equity Mngmt holds 31,340 shares. 8,289 are owned by Us Fincl Bank De. Acropolis Inv Lc holds 0.04% of its portfolio in Darden Restaurants, Inc. It also upped American Express Co (NYSE:AXP) stake by 151,935 shares and now owns 153,000 shares. The institutional investor held 8,569 shares of the consumer services company at the end of 2017Q3, valued at $675,000, up from 3,564 at the end of the previous reported quarter. It has ranged in price between $97.05-$99.26 after having started the session at $99 as compared to the previous trading day's close of $99.31. 641,190 shares of the company's stock traded hands.

Darden Restaurants, Inc. (NYSE:DRI) soared 2.87% year-to-date. It has outperformed by 15.26% the S&P500. Manufacturers Life Insurance Company The who had been investing in 58 Com Inc for a number of months, seems to be bullish on the $12.00B market cap company. As of June 27, 2017, it owned and operated approximately 1,700 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's brands. It has a 24.81 P/E ratio. The stock decreased 0.49% or $0.1 during the last trading session, reaching $20.36. About 309,380 shares traded. It is down 0.00% since January 11, 2017 and is. It has underperformed by 5.94% the S&P500. Its down 0.02, from 1.59 in 2017Q2. It worsened, as 31 investors sold La-Z-Boy Incorporated shares while 61 reduced holdings. 92 funds opened positions while 221 raised stakes. Energ Income Limited Liability Company invested in 0.16% or 270,199 shares. Mai Cap Management stated it has 4,762 shares. Catalyst Capital Advsrs Llc owns 60,452 shares. Swiss Natl Bank holds 0% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB) for 80,400 shares. Gateway Invest Advisers Ltd Liability Co holds 9,787 shares. D E Shaw Commerce Incorporated holds 0.03% or 736,154 shares in its portfolio. Georgia-based Signaturefd has invested 0.06% in Dominion Energy Midstream Partners, LP (NYSE:DM). Kemnay Advisory owns 30,454 shares. Tudor Investment Et Al accumulated 31,009 shares. Numeric Invsts Ltd Liability holds 2.80M shares. 2,959 are owned by Pacad. Mitsubishi Ufj Tru has invested 0.14% in The Allstate Corporation (NYSE:ALL). Laffer Investments has 0.41% invested in Darden Restaurants, Inc.

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