Harwood Advisory Group trimmed its stake in Darden Restaurants, (NYSE:DRI) by 8.4% through out the Fiscal Q2, based on a filing with the SEC (SEC). The hedge fund held 21,234 stocks of the restaurant operator’s shares after unloading 1,950 shares through out the quarter. Harwood Advisory Group LLC’s holdings in Darden Restaurants were valued $1,920,000 as of its latest disclosure with the securities and exchange commission.
Darden Restaurants, (DRI) transacted up 0.98% through out intraday market trading on early Fri, topping $83.34. 1,116,200 stocks of the company were exchanged. The corporation has a valuation of $10.45 B, a PE book ratio of 21.91 along with a stock beta of 0.27. The stock’s 50 Day SMA is $87.37 and its 200 SMA is $83.18. Darden Restaurants, has a 1 year low of $60.16 has a 1 year high of $95.22.
Many Institutions have lately purchased and unloaded stocks of the company. Parametrica Management acquired a new position in Darden Restaurants during the Q1 valued $857,000. Private Bank & Trust purchased a fresh position in Darden Restaurants during the Q1 valued about $531,000. Gulf International Bank UK boosted its stake in Darden Restaurants by 0.8% in the Q1. Gulf International Bank UK has an ownership of 37,224 stocks of the restaurant operator’s shares valued $3,114,000 after scooping up an extra 300 shares through out the previous quarter, GW&K Investment Management boosted its stake in Darden Restaurants by 4.4% in the Q1. GW&K Investment Management has an ownership of 450,512 stocks of the restaurant operator’s shares valued $37,694,000 after scooping up an extra 19,118 shares through out the previous quarter, Lastly, Creative Planning boosted its stake in Darden Restaurants by 10.9% in the Q1. Creative Planning has an ownership of 7,769 stocks of the restaurant operator’s shares valued $650,000 after scooping up an extra 761 shares through out the previous quarter, large institution funds own 95.48% of the firms stock.
Darden Restaurants (NYSE:DRI) previously disclosed its periodic earnings reports on early Tue, Jun 27th. The restaurant operator posted $1.18 EPS for the period, topping analysts’ average forecasts of $1.15 by $0.03. Darden Restaurants had a net profit margin of 6.68% and a ROE of 26.18%. The company posted earnings of $1.94 B for the period end, compared to analysts’ anticipations of $1.86 B. for the same quarter previous year, firm posted $1.10 EPS. The company’s for the quarter end, revenue was upwards of 8.1% on a YOY basis. financial stock experts expect that Darden Restaurants, to post $4.47 EPS for the full year.
Also, the company announced a periodic dividend, to be paid on early Tue, Aug 1st. Traders who own the stock with a record date on Mon, Jul 10th was issued a dividend of $0.63 for a share. The ex-dividend date was Thurs, Jul 6th. This is a increase from Darden Restaurants’s prior periodic dividend of $0.56. this indicates a $2.52 dividend on a yearly basis and a payout of of 3.02%. Darden Restaurants’s yield ratio (DPR) is presently 66.14%.
DRI has been the topic of Many brokerage reports. Oppenheimer Holdings, raised their target price on the stock of Darden Restaurants in a study report on early Mon, Jun 26th. Bank of America Corporation fixed a $80.00 price objective on the stock of Darden Restaurants and issued the company a “buy” recommendation in a analysis report on Mon, Jun 26th. Canaccord Genuity restated a “buy” recommendation and fixed a $102.00 price objective on the stock of Darden Restaurants in a study report published on Fri, Jun 9th. Research firm Zacks lifted stocks of Darden Restaurants from a “hold” recommendation to a “buy” recommendation and fixed a $100.00 price target for The corporation in a study report on early Tue, Jul 11th. Lastly, BidaskClub lowered the stock of Darden Restaurants from a “strong-buy” recommendation to a “buy” recommendation in a analysis report on Sunday, Jul 16th. Two financial stock experts recommended the company shares with a sell recommendation, nineteen has issued a hold recommendation and six have issued a buy recommendation to the firms shares. The stock has a average recommendation of “Hold” and an average price target of $84.78.
In associated news, executive Eugene I. Lee, Jr. unloaded 93,125 stocks of Darden Restaurants shares in a trade that took place on Thurs, Jun 29th. The stock was unloaded at a price range of of $91.58, amounting to $8,528,387.50. After this trade, the executive now has 165,062 stocks in the company, worth at $15,116,377.96. The transaction related to this sale was declared in a document with the SEC 0.68% of the shares is held by corporate executives.