Darden Restaurants, Inc. (NYSE:DRI) – Stock analysts at SunTrust Banks lifted their Q3 2018 earnings per share estimates for shares of Darden Restaurants in a research note issued on Monday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $1.48 per share for the quarter, up from their previous estimate of $1.47. SunTrust Banks has a “Hold” rating and a $94.00 price objective on the stock. SunTrust Banks also issued estimates for Darden Restaurants’ Q1 2019 earnings at $1.11 EPS, Q2 2019 earnings at $0.85 EPS, Q3 2019 earnings at $1.65 EPS and Q4 2019 earnings at $1.47 EPS.
Darden Restaurants (NYSE:DRI) last posted its earnings results on Tuesday, September 26th. The restaurant operator reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. Darden Restaurants had a net margin of 6.60% and a return on equity of 26.06%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 12.9% on a year-over-year basis.
Darden Restaurants (NYSE:DRI) traded up $0.53 during trading hours on Wednesday, reaching $87.67. 628,649 shares of the company’s stock were exchanged, compared to its average volume of 1,603,515. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.24 and a current ratio of 0.38. Darden Restaurants has a fifty-two week low of $71.01 and a fifty-two week high of $95.22. The company has a market cap of $10,703.92, a P/E ratio of 20.96, a PEG ratio of 1.90 and a beta of 0.22.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DRI. HS Management Partners LLC purchased a new position in shares of Darden Restaurants during the 3rd quarter valued at $157,044,000. Janus Henderson Group PLC lifted its stake in shares of Darden Restaurants by 113.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,576,026 shares of the restaurant operator’s stock valued at $124,158,000 after buying an additional 838,341 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Darden Restaurants by 34.4% during the 3rd quarter. APG Asset Management N.V. now owns 2,361,712 shares of the restaurant operator’s stock valued at $186,056,000 after buying an additional 604,364 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Darden Restaurants by 66.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,275,399 shares of the restaurant operator’s stock worth $115,348,000 after purchasing an additional 510,969 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Darden Restaurants by 79.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 722,952 shares of the restaurant operator’s stock worth $56,954,000 after purchasing an additional 320,902 shares in the last quarter. Institutional investors own 91.94% of the company’s stock.
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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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