Amundi Pioneer Asset Management Inc. acquired a new stake in Darden Restaurants, Inc. (NYSE:DRI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 240,024 shares of the restaurant operator’s stock, valued at approximately $23,047,000. Amundi Pioneer Asset Management Inc. owned 0.19% of Darden Restaurants at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of DRI. HS Management Partners LLC acquired a new stake in Darden Restaurants in the third quarter valued at approximately $157,044,000. Victory Capital Management Inc. grew its holdings in Darden Restaurants by 1,963.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,067,552 shares of the restaurant operator’s stock valued at $198,526,000 after purchasing an additional 1,967,362 shares during the period. Janus Henderson Group PLC grew its holdings in Darden Restaurants by 113.6% in the third quarter. Janus Henderson Group PLC now owns 1,576,026 shares of the restaurant operator’s stock valued at $124,158,000 after purchasing an additional 838,341 shares during the period. American Century Companies Inc. grew its holdings in Darden Restaurants by 29.2% in the fourth quarter. American Century Companies Inc. now owns 1,689,176 shares of the restaurant operator’s stock valued at $162,195,000 after purchasing an additional 381,677 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Darden Restaurants by 79.8% in the third quarter. Allianz Asset Management GmbH now owns 722,952 shares of the restaurant operator’s stock valued at $56,954,000 after purchasing an additional 320,902 shares during the period. 92.69% of the stock is currently owned by institutional investors.
In related news, SVP Douglas J. Milanes sold 4,300 shares of Darden Restaurants stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $97.05, for a total transaction of $417,315.00. Following the transaction, the senior vice president now owns 7,513 shares in the company, valued at $729,136.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ricardo Cardenas sold 10,783 shares of Darden Restaurants stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $97.17, for a total value of $1,047,784.11. Following the transaction, the chief financial officer now owns 20,046 shares in the company, valued at approximately $1,947,869.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,866 shares of company stock worth $7,252,094. 0.63% of the stock is currently owned by company insiders.
Darden Restaurants, Inc. (NYSE DRI) opened at $94.75 on Tuesday. Darden Restaurants, Inc. has a 1 year low of $73.81 and a 1 year high of $100.11. The company has a market capitalization of $11,700.00, a P/E ratio of 23.87, a P/E/G ratio of 1.84 and a beta of 0.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.20 and a current ratio of 0.34.
Darden Restaurants (NYSE:DRI) last announced its quarterly earnings data on Tuesday, December 19th. The restaurant operator reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. Darden Restaurants had a return on equity of 26.24% and a net margin of 6.46%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. analysts forecast that Darden Restaurants, Inc. will post 4.76 EPS for the current year.
Darden Restaurants Company Profile
Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).
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