The Street expects an earnings beat, with a whisper number of $1.17, which is two pennies above the general consensus estimate. Estimates have been stable ahead of its Q4 earnings release too. Finally, Robert W. Baird reissued a “neutral” rating and issued a $90.00 target price (up previously from $85.00) on shares of Darden Restaurants in a report on Monday, June 19th. Raymond James maintained the stock with “Market Perform” rating in Wednesday, March 15 report. Canaccord Genuity reiterated a “buy” rating and set a $84.00 price objective on shares of Darden Restaurants in a research note on Thursday, March 2nd.
Among 31 analysts covering Alibaba (NYSE:BABA), 29 have Buy rating, 1 Sell and 1 Hold. The stock has an average rating of “Hold” and a consensus target price of $80.20. (NYSE:DRI) traded up 1.31% on Monday, reaching $89.89. During the same period a year ago, the business posted $1.21 earnings per share.
Nomura Holdings Inc. reduced its position in Darden Restaurants, Inc. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 22.96 and a beta of 0.25.
Darden Restaurants, Inc. has a 50 day moving average of 88.75 and a 200 day moving average of 79.92. Darden Restaurants also saw unusually large options trading activity on Friday. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. This represents an increase of approximately 1,708% compared to the average daily volume of 848 put options. (NYSE:DRI) to report $1.15 EPS on June, 29.They anticipate $0.05 EPS change or 4.55% from last quarter’s $1.1 EPS. The company will report its quarterly numbers before the market open, with the consensus calling for earnings of $1.15 per share, on revenue of $1.86 billion. Darden Restaurants had a net margin of 7.04% and a return on equity of 26.25%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the business posted $1.21 EPS. Darden Restaurants’s quarterly revenue was up 1.7% compared to the same quarter a year ago. Ohio-based Fort Washington Advisors Inc Oh has invested 0.03% in Darden Restaurants, Inc. “(DRI) Downgraded by Zacks Investment Research to “Hold” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was stolen and reposted in violation of US and worldwide copyright and trademark laws. The original version of this report can be accessed at https://baseballnewssource.com/markets/darden-restaurants-inc-dri-position-cut-by-gotham-asset-management-llc/1096119.html.
Let’s also take a brief look at the stock price in relation to some highs/lows and moving averages. Following the transaction, the insider now directly owns 78,010 shares of the company’s stock, valued at $6,484,971.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The ex-dividend date was Thursday the 6th of April 2017. The shares were sold at an average price of $83.13, for a total transaction of $7,006,445.79. Following the completion of the transaction, the insider now directly owns 177,737 shares of the company’s stock, valued at approximately $14,785,941.03. The disclosure for this sale can be found here. Norges Bank bought a new stake in shares of Darden Restaurants during the fourth quarter valued at approximately $117,092,000. Finally, Wells Fargo & Company MN increased its stake in shares of Darden Restaurants by 38.3% in the first quarter. The stock has “Buy” rating by Maxim Group on Tuesday, February 16. The Lombard Odier Asset Management Usa Corp holds 531,334 shares with $4.90M value, up from 88,100 last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Darden Restaurants during the fourth quarter valued at about $271,000. Bridgeway Capital Mngmt holds 0.11% of its portfolio in Darden Restaurants, Inc. The institutional investor owned 87,480 shares of the restaurant operator’s stock after selling 349,042 shares during the period.
Depending on the earnings numbers reported, Darden Restaurants, Inc.
Comparable sales growth by brand: Longhorn Steakhouse +3.5%, The Capital Grille +0.5%, Yard House +0.1%, Eddie V’s +3.3%, Seasons 52 -1.3%, Bahama Breeze +1.4%.