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Oppenheimer Holdings Analysts Boost Earnings Estimates for Darden Restaurants, Inc. (DRI)

Meeder Asset Management Inc.’s holdings in Darden Restaurants were worth $1,231,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 96.84% of the company’s stock.”Matched with the fact that 40% of Olive Garden’s customers have household incomes under $60K, this is evidence that Darden is maintaining its relevance in a world where customers seeking value and differentiated experiences have allowed quick-service restaurants to prove resilient and independents to take share from chains”, analysts said. Jefferies Group LLC increased their price target on Darden Restaurants from $72.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday, March 29th. MEMBERS Trust Co bought a new stake in Darden Restaurants during the first quarter worth $201,000.Six out of seven of Darden’s restaurant brands grew same-stores sales in the fourth quarter, with the exception being Seasons 52. Ledyard National Bank increased its stake in Darden Restaurants by 399.4% in the first quarter. UBS Asset Management Americas Inc. now owns 806,456 shares of the restaurant operator’s stock worth $58,644,000 after buying an additional 200,243 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Darden Restaurants during the fourth quarter worth approximately $271,000. FMR increased its position in Darden Restaurants by 154.6% in the Q4. Company insiders own 0.68% of the company’s stock. Oppenheimer Holdings, Inc. upped their price objective on shares of Darden Restaurants in a report on Monday. (DRI) traded down 0.34% during mid-day trading on Thursday, reaching $91.25. The company had a trading volume of 411,548 shares. The Market Capitalization of the company stands at 11.5 Billion. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 2.72% where SMA50 and SMA200 are 5.5% and 22.35% respectively. Darden Restaurants has a 12-month low of $59.50 and a 12-month high of $93.02. Credit Suisse downgraded Darden Restaurants, Inc. (NYSE:DRI). Janus Cap Management Ltd Company invested in 0.01% or 156,997 shares.The Timken Company (NYSE:TKR) trade at $43.60 by fell -2.02% in most recent trading session with share volume of 1.15 Million. (NYSE:DRI) to report earnings on June, 29. The restaurant operator reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.03. It has a return on equity (ROE) of 26.10%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. The company sold the Red Lobster chain a few years ago and recently acquired the Cheddar’s chain. Darden Restaurants’s quarterly revenue was up 8.1% compared to the same quarter past year. On average, analysts predict that Darden Restaurants, Inc. will post $4.44 earnings per share for the current year. Stockholders of record on Monday, July 10th will be paid a $0.63 dividend. This is a boost from Darden Restaurants’s previous quarterly dividend of $0.56. It has a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, July 6th. The Q.i. Value of Darden Restaurants, Inc.is 32.00000.ILLEGAL ACTIVITY NOTICE: “FNY Partners Fund LP Raises Position in Darden Restaurants, Inc”. (NYSE:DRI). First Allied Advisory Incorporated reported 4,843 shares. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and worldwide trademark & copyright legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2017/06/29/darden-restaurants-inc-forecasted-to-post-q3-2018-earnings-of-1-44-per-share-dri.html.Several research firms have commented on DRI.They now have a $96.00 price target on Darden Restaurants Inc (NYSE:DRI). Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $94.00 target price (up from $84.00) on shares of Darden Restaurants in a research note on Wednesday. Canaccord Genuity reiterated a buy rating and issued a $102.00 target price on shares of Darden Restaurants in a report on Friday, June 9th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $86.00 price objective (up previously from $83.00) on shares of Darden Restaurants in a report on Thursday, June 22nd.Some buy side analysts are also providing their Analysis on Darden Restaurants, Inc., where 5 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 17 said it’s a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell. The stock now has a consensus rating of “Hold” and an average target price of $83.96. The shares were sold at an average price of $83.19, for a total transaction of $8,162,935.56. Following the sale, the insider now owns 177,737 shares of the company’s stock, valued at approximately $14,785,941.03. (NYSE:DRI) shares with value of $7.01 million were sold by GEORGE DAVID C. This ratio is calculated by dividing the current share price by the book value per share. Following the completion of the sale, the insider now owns 78,010 shares of the company’s stock, valued at $6,484,971.30. The disclosure for this sale can be found here. The ERP5 of Darden Restaurants, Inc.