Darden Restaurants, Inc. $DRI Stake Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,418 shares of the restaurant operator’s stock after selling 214 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Darden Restaurants were worth $2,925,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DRI. Bowman & Co S.C. boosted its stake in Darden Restaurants by 0.5% during the second quarter. Bowman & Co S.C. now owns 9,631 shares of the restaurant operator’s stock valued at $2,099,000 after buying an additional 48 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Darden Restaurants by 32.2% during the first quarter. Rise Advisors LLC now owns 201 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 49 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Darden Restaurants by 2.5% during the second quarter. Ballentine Partners LLC now owns 1,975 shares of the restaurant operator’s stock valued at $430,000 after purchasing an additional 49 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Darden Restaurants by 15.8% during the first quarter. SBI Securities Co. Ltd. now owns 381 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 52 shares during the last quarter. Finally, Fiduciary Financial Group LLC lifted its holdings in shares of Darden Restaurants by 3.2% during the second quarter. Fiduciary Financial Group LLC now owns 1,663 shares of the restaurant operator’s stock valued at $365,000 after purchasing an additional 52 shares during the last quarter. 93.64% of the stock is currently owned by institutional investors.

Insider Transactions at Darden Restaurants

In other 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 completion of the sale, the senior vice president directly owned 13,916 shares of the company’s stock, valued at $2,691,354.40. This trade represents a 28.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura B. Williamson sold 523 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $204.65, for a total value of $107,031.95. Following the sale, the insider directly owned 5,423 shares of the company’s stock, valued at $1,109,816.95. This trade represents a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,341 shares of company stock valued at $1,438,707 over the last ninety days. Company insiders own 0.49% of the company’s stock.

Darden Restaurants Stock Down 0.8%

Shares of Darden Restaurants stock opened at $184.92 on Friday. The stock has a 50-day moving average price of $197.74 and a 200 day moving average price of $204.61. The company has a market cap of $21.51 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.71 and a beta of 0.77. The company has a current ratio of 0.40, a quick ratio of 0.27 and a debt-to-equity ratio of 0.96. Darden Restaurants, Inc. has a 1 year low of $157.89 and a 1 year high of $228.27.

Darden Restaurants (NYSE:DRI) last announced its quarterly earnings data on Thursday, September 18th. The restaurant operator reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 52.35% and a net margin of 8.90%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. As a group, analysts expect that Darden Restaurants, Inc. will post 9.52 EPS for the current fiscal year.

Darden Restaurants Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 10th. Darden Restaurants’s dividend payout ratio is currently 64.31%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Truist Financial reduced their target price on Darden Restaurants from $252.00 to $240.00 and set a “buy” rating for the company in a report on Friday, September 19th. KeyCorp reduced their target price on Darden Restaurants from $240.00 to $225.00 and set an “overweight” rating for the company in a report on Friday, September 19th. Bank of America upped their target price on Darden Restaurants from $253.00 to $254.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company reduced their target price on Darden Restaurants from $225.00 to $200.00 and set an “equal weight” rating for the company in a report on Friday, September 19th. Finally, Stephens reaffirmed an “equal weight” rating and set a $215.00 target price on shares of Darden Restaurants in a report on Thursday, September 18th. Twenty investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Darden Restaurants presently has an average rating of “Moderate Buy” and an average price target of $227.15.

Darden Restaurants Company Profile

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.