EPS for Darden Restaurants, Inc. (DRI) Expected At $1.64

February 24, 2018 - By Peter Erickson

 EPS for Darden Restaurants, Inc. (DRI) Expected At $1.64
Investors sentiment increased to 0.96 in Q3 2017. Its up 0.01, from 0.95 in 2017Q2. It improved, as 55 investors sold Darden Restaurants, Inc. shares while 169 reduced holdings. 56 funds opened positions while 160 raised stakes. 108.03 million shares or 1.09% more from 106.87 million shares in 2017Q2 were reported.
Liberty Mutual Group Asset Mgmt invested 0.03% in Darden Restaurants, Inc. (NYSE:DRI). Tokio Marine Asset Mngmt Limited invested in 0.34% or 29,026 shares. Bnp Paribas Asset Hldgs Sa holds 0.22% or 331,282 shares in its portfolio. Pggm Invs has invested 0.21% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Nomura Holding holds 0% or 24,584 shares in its portfolio. Cullen Frost Bankers stated it has 0.01% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Meiji Yasuda Asset Mngmt Limited holds 0.1% or 13,146 shares in its portfolio. Trust Advsrs invested 0.44% in Darden Restaurants, Inc. (NYSE:DRI). Sun Life Financial stated it has 920 shares. Proshare Advsr Ltd Llc reported 34,712 shares stake. Fincl Bank Of Montreal Can holds 0.04% in Darden Restaurants, Inc. (NYSE:DRI) or 539,732 shares. Regentatlantic Capital Ltd Liability Corporation has 10,385 shares for 0.07% of their portfolio. Moreover, Brown Advisory has 0% invested in Darden Restaurants, Inc. (NYSE:DRI). Louisiana State Employees Retirement Sys reported 7,800 shares. Amalgamated Savings Bank holds 0.04% or 15,015 shares.

Since January 10, 2018, it had 0 insider purchases, and 3 insider sales for $7.25 million activity. Milanes Douglas J. sold $417,315 worth of Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, January 10. Another trade for 59,783 shares valued at $5.79M was sold by LEE EUGENE I JR.

Analysts expect Darden Restaurants, Inc. (NYSE:DRI) to report $1.64 EPS on March, 26.They anticipate $0.32 EPS change or 24.24 % from last quarter’s $1.32 EPS. DRI’s profit would be $202.60M giving it 14.54 P/E if the $1.64 EPS is correct. After having $0.73 EPS previously, Darden Restaurants, Inc.’s analysts see 124.66 % EPS growth. The stock increased 0.17% or $0.16 during the last trading session, reaching $95.35. About 1.41 million shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 31.96% since February 24, 2017 and is uptrending. It has outperformed by 15.26% the S&P500.

Darden Restaurants, Inc. (NYSE:DRI) Ratings Coverage

Among 26 analysts covering Darden Restaurants (NYSE:DRI), 12 have Buy rating, 0 Sell and 14 Hold. Therefore 46% are positive. Darden Restaurants had 97 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, January 5 by Canaccord Genuity. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Hold” rating by SunTrust on Tuesday, December 19. The rating was upgraded by Guggenheim to “Buy” on Thursday, December 1. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, September 27. The company was initiated on Wednesday, September 30 by Maxim Group. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Buy” rating by Oppenheimer on Wednesday, January 10. Credit Suisse maintained it with “Hold” rating and $74 target in Thursday, March 30 report. On Monday, December 21 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Buy” rating given on Wednesday, September 27 by Canaccord Genuity. Maxim Group maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Friday, March 24. Maxim Group has “Hold” rating and $80 target.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. The company has market cap of $11.78 billion. As of June 27, 2017, it owned and operated approximately 1,700 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's brands. It has a 24.44 P/E ratio.

More important recent Darden Restaurants, Inc. (NYSE:DRI) news were published by: Zacks.com which released: “6 Reasons Why Darden Restaurants (DRI) Stock is Worth Buying” on February 01, 2018, also Prnewswire.com published article titled: “Morning Technical Insight on These Restaurants Stocks — Bojangles’, Chipotle …”, Prnewswire.com published: “Darden Restaurants Announces Final Results for Cash Tender Offers and Consent …” on February 22, 2018. More interesting news about Darden Restaurants, Inc. (NYSE:DRI) was released by: Prnewswire.com and their article: “Darden Restaurants Announces Early Tender Results for Cash Tender Offers and …” with publication date: February 07, 2018.

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