Point72 Hong Kong Ltd lessened its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) by 12.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,666 shares of the restaurant operator’s stock after selling 383 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Darden Restaurants were worth $291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allred Capital Management LLC acquired a new stake in shares of Darden Restaurants during the 4th quarter worth about $36,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Darden Restaurants during the 4th quarter worth about $37,000. Samalin Investment Counsel LLC acquired a new stake in shares of Darden Restaurants during the 4th quarter worth about $46,000. Penserra Capital Management LLC lifted its stake in shares of Darden Restaurants by 54.3% during the 3rd quarter. Penserra Capital Management LLC now owns 605 shares of the restaurant operator’s stock worth $71,000 after buying an additional 213 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its stake in shares of Darden Restaurants by 21.1% during the 4th quarter. NEXT Financial Group Inc now owns 1,096 shares of the restaurant operator’s stock worth $119,000 after buying an additional 191 shares during the last quarter. Institutional investors own 89.12% of the company’s stock.

In related news, SVP Douglas J. Milanes sold 791 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $113.32, for a total transaction of $89,636.12. Following the transaction, the senior vice president now owns 6,002 shares in the company, valued at approximately $680,146.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles M. Sonsteby bought 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average price of $112.26 per share, for a total transaction of $168,390.00. 0.47% of the stock is owned by insiders.

Shares of NYSE:DRI traded up $4.56 during trading on Wednesday, reaching $58.45. The stock had a trading volume of 7,943,954 shares, compared to its average volume of 2,695,247. The firm’s fifty day moving average is $93.05 and its 200 day moving average is $109.72. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.27 and a current ratio of 0.41. Darden Restaurants, Inc. has a 52 week low of $26.15 and a 52 week high of $128.41. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.06 and a beta of 0.50.

Darden Restaurants (NYSE:DRI) last posted its quarterly earnings data on Thursday, March 19th. The restaurant operator reported $1.90 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.02. Darden Restaurants had a net margin of 7.25% and a return on equity of 32.51%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the firm posted $1.80 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts forecast that Darden Restaurants, Inc. will post 4.18 earnings per share for the current fiscal year.

Several analysts have weighed in on DRI shares. MKM Partners dropped their price objective on shares of Darden Restaurants from to in a research note on Thursday, March 12th. KeyCorp reduced their target price on shares of Darden Restaurants from $135.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. Stephens reduced their target price on shares of Darden Restaurants from $125.00 to $115.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. UBS Group reduced their target price on shares of Darden Restaurants from $96.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, Evercore ISI reissued a “buy” rating and set a $135.00 target price on shares of Darden Restaurants in a report on Sunday, December 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $93.39.

Darden Restaurants Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

Further Reading: What is the Current Ratio?

Want to see what other hedge funds are holding DRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darden Restaurants, Inc. (NYSE:DRI).

Institutional Ownership by Quarter for Darden Restaurants (NYSE:DRI)

Receive News & Ratings for Darden Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darden Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.