Coppell Advisory Solutions LLC Buys Shares of 19,595 Darden Restaurants, Inc. $DRI

Coppell Advisory Solutions LLC purchased a new position in shares of Darden Restaurants, Inc. (NYSE:DRI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,595 shares of the restaurant operator’s stock, valued at approximately $4,235,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC grew its position in Darden Restaurants by 0.7% in the 2nd quarter. Advisory Services Network LLC now owns 14,362 shares of the restaurant operator’s stock valued at $2,896,000 after acquiring an additional 101 shares in the last quarter. State of Wyoming lifted its position in shares of Darden Restaurants by 86.4% during the second quarter. State of Wyoming now owns 1,577 shares of the restaurant operator’s stock worth $344,000 after purchasing an additional 731 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Darden Restaurants by 65.0% in the second quarter. Geneos Wealth Management Inc. now owns 44,864 shares of the restaurant operator’s stock valued at $9,779,000 after purchasing an additional 17,668 shares during the period. Kestra Investment Management LLC boosted its stake in shares of Darden Restaurants by 15.4% in the second quarter. Kestra Investment Management LLC now owns 1,091 shares of the restaurant operator’s stock valued at $238,000 after purchasing an additional 146 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Darden Restaurants in the second quarter valued at approximately $68,000. Hedge funds and other institutional investors own 93.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. KeyCorp reduced their target price on shares of Darden Restaurants from $240.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, September 19th. The Goldman Sachs Group upgraded Darden Restaurants from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Monday, October 20th. Raymond James Financial lowered their target price on Darden Restaurants from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. BMO Capital Markets cut their price target on Darden Restaurants from $215.00 to $205.00 and set a “market perform” rating on the stock in a report on Friday, September 19th. Finally, BTIG Research decreased their price objective on Darden Restaurants from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, September 19th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $223.93.

Darden Restaurants Stock Down 0.7%

Darden Restaurants stock opened at $182.10 on Friday. The stock has a market cap of $21.18 billion, a PE ratio of 19.52, a P/E/G ratio of 1.76 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.27. The stock’s fifty day moving average is $180.20 and its two-hundred day moving average is $198.73. Darden Restaurants, Inc. has a 1-year low of $159.67 and a 1-year high of $228.27.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings data on Thursday, September 18th. The restaurant operator reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Darden Restaurants had a net margin of 8.90% and a return on equity of 52.35%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. On average, sell-side analysts expect that Darden Restaurants, Inc. will post 9.52 EPS for the current fiscal year.

Darden Restaurants Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, October 10th. Darden Restaurants’s dividend payout ratio (DPR) is 64.31%.

Insider Buying and Selling

In other Darden Restaurants news, SVP Matthew R. Broad sold 5,661 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $193.40, for a total transaction of $1,094,837.40. Following the transaction, the senior vice president owned 13,916 shares of the company’s stock, valued at approximately $2,691,354.40. This trade represents a 28.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

About Darden Restaurants

Darden Restaurants, Inc, together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s Prime Seafood, and Capital Burger brand names.