ValuEngine Upgrades Darden Restaurants, Inc. (DRI) to Buy

Marco Green
September 7, 2017

Evercore Trust Company sold 61,949 shares as Darden Restaurants Inc (DRI)'s stock rose 13.33%. J P Morgan Chase & Co reissued a "neutral" rating and issued a $93.00 price objective (up previously from $82.00) on shares of Darden Restaurants in a research note on Wednesday, June 28th. The stock increased 1.15% or $0.15 on September 1, reaching $13.24. It has outperformed by 15.26% the S&P500.The move comes after 5 months negative chart setup for the $10.02B company.

Steadfast Advisors Lp increased Visa Inc (V) stake by 71.09% reported in 2016Q4 SEC filing. The company trades on average around 160000 shares per market session. The company has market cap of $1.24 billion. The stock increased 0.96% or $0.19 on September 1, reaching $19.88. (NYSE:DRI) or 5,334 shares. It has underperformed by 16.11% the S&P500. The original version of this piece can be read at https://weekherald.com/2017/09/05/conning-inc-cuts-stake-in-darden-restaurants-inc-dri.html. (NYSE:DRI) news were published by: Prnewswire.com which released: "Breakfast Technical Briefing on Restaurants Stocks - Darden Restaurants ..." on August 15, 2017, also Bizjournals.com published article titled: "Cheddar's Scratch Kitchen shuttering headquarters, laying off 69 workers", Seekingalpha.com published: "Darden: Forget That Restaurant Recession" on August 31, 2017. Finally, Sippican Capital Advisors acquired a new position in Darden Restaurants during the second quarter valued at approximately $211,000. (NYSE:DRI). Aviva Public Ltd Com invested in 80,977 shares.

Bryn Mawr Trust Company decreased Prudential Finl Inc (NYSE:PRU) stake by 8,114 shares to 175,870 valued at $18.30 million in 2016Q4. Tudor Corp Et Al holds 0.01% or 3,000 shares.

Investors sentiment decreased to 0.95 in Q4 2016. Its up 0.14, from 0.91 in 2016Q3. 32 funds opened positions while 92 raised stakes. 111.55 million shares or 5.19% more from 106.05 million shares in 2016Q3 were reported. The rating was upgraded by Goldman Sachs on Tuesday, June 20 to "Buy". 973,739 are owned by Fincl Bank Of Mellon.

Darden Restaurants, Inc. has a 1-year low of $60.16 and a 1-year high of $95.22. Prospector Prtnrs Lc holds 0.67% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). First City Cap Mngmt accumulated 0.41% or 7,500 shares. Stonebridge Capital Advsr Limited Liability invested 0.15% of its portfolio in Darden Restaurants, Inc. Blackrock reported 0.05% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) for 40,655 shares. 28,349 are owned by Altavista Wealth Mgmt. The analyst recommendations from a month ago are 0 Buy, 5 Strong Buy, 1 Sell, 0 Hold and 11. Therefore 41% are positive.

Darden Restaurants, Inc., launched on March 30, 1995, is a full-service restaurant company. As per Wednesday, April 6, the company rating was maintained by Barclays Capital. The Massachusetts-based Granahan Investment Management Inc Ma has invested 0.94% in the stock. (NYSE:DRI) has "Outperform" rating given on Friday, November 13 by Credit Suisse. Tigress Financial upgraded the stock to "Buy" rating in Friday, June 24 report. Canaccord Genuity maintained Darden Restaurants, Inc. BTIG Research downgraded the stock to "Neutral" rating in Wednesday, March 29 report. The firm has "Buy" rating by Canaccord Genuity given on Friday, June 9. The Illinois-based Ubs Asset Americas has invested 0.07% in Darden Restaurants, Inc. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have assigned a buy rating to the company. (NYSE:DRI). 325,575 are owned by Bnp Paribas Invest Prtn. (NYSE:DRI) earned "Underperform" rating by Raymond James on Friday, January 29.

Since March 31, 2017, it had 0 buys, and 2 selling transactions for $15.17 million activity. LEE EUGENE I JR sold $8.16M worth of Darden Restaurants, Inc. (NYSE:DRI) for 4,548 shares. Moreover, Cue Financial Group Inc. has 1.28% invested in the company for 211,000 shares. It also upped Pennsylvania Rl Estate Invt (NYSE:PEI) stake by 148,600 shares and now owns 393,700 shares. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Therefore 63% are positive. Cowen & Co initiated the stock with "Market Perform" rating in Tuesday, July 21 report. The stock has an average rating of "Hold" and a consensus target price of $85.18. The firm has "Buy" rating by Oppenheimer given on Monday, June 26. The firm earned "Sell" rating on Tuesday, July 26 by Stifel Nicolaus. The company was maintained on Tuesday, February 16 by Maxim Group. Deutsche Bank maintained Antero Resources Corp (NYSE:AR) rating on Wednesday, August 5. The return on assets (ROA) (aka return on total assets, return on average assets), is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for both creditors and investors of the company. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.15 by $0.03. Oakworth Capital reported 0% in Voxeljet AG (ADR) (NYSE:VJET). (NYSE:DRI)'s near-term growth potential. 1,205 are owned by Creative Planning. Wells Fargo & Mn holds 2,104 shares or 0% of its portfolio. Liberty Mutual Asset Management reported 0.03% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI) over the past 52 weeks is 0.886. The company has market cap of $88.07 million.

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