Sei Investments Co. Has $101.34 Million Holdings in Darden Restaurants, Inc. $DRI

Sei Investments Co. lowered its position in Darden Restaurants, Inc. (NYSE:DRI) by 0.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 516,919 shares of the restaurant operator’s stock after selling 3,594 shares during the period. Sei Investments Co. owned 0.45% of Darden Restaurants worth $101,337,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. 1620 Investment Advisors Inc. raised its stake in Darden Restaurants by 2.4% during the fourth quarter. 1620 Investment Advisors Inc. now owns 2,190 shares of the restaurant operator’s stock worth $403,000 after buying an additional 51 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Darden Restaurants by 4.7% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,144 shares of the restaurant operator’s stock valued at $211,000 after acquiring an additional 51 shares during the last quarter. New York Life Investment Management LLC boosted its position in Darden Restaurants by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 15,983 shares of the restaurant operator’s stock valued at $2,941,000 after acquiring an additional 55 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in Darden Restaurants by 44.8% during the 1st quarter. HHM Wealth Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 56 shares during the period. Finally, Glenview Trust co grew its holdings in Darden Restaurants by 4.9% during the 2nd quarter. Glenview Trust co now owns 1,308 shares of the restaurant operator’s stock worth $285,000 after acquiring an additional 61 shares during the period. 93.64% of the stock is owned by institutional investors.

Insider Transactions at Darden Restaurants

In other Darden Restaurants news, SVP Susan M. Connelly sold 9,930 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $206.21, for a total value of $2,047,665.30. Following the completion of the sale, the senior vice president owned 4,165 shares of the company’s stock, valued at approximately $858,864.65. This trade represents a 70.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Darden Restaurants Price Performance

Shares of NYSE DRI opened at $193.98 on Friday. The firm’s 50-day moving average price is $202.76 and its 200-day moving average price is $202.98. Darden Restaurants, Inc. has a 1-year low of $169.00 and a 1-year high of $220.65. The firm has a market capitalization of $22.22 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.93 and a beta of 0.60. The company has a current ratio of 0.31, a quick ratio of 0.21 and a debt-to-equity ratio of 0.74.

Darden Restaurants (NYSE:DRI) last released its quarterly earnings data on Thursday, June 25th. The restaurant operator reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Darden Restaurants had a net margin of 9.13% and a return on equity of 57.44%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.98 EPS. Darden Restaurants has set its FY 2027 guidance at 11.100-11.350 EPS. Equities research analysts anticipate that Darden Restaurants, Inc. will post 11.28 earnings per share for the current fiscal year.

Darden Restaurants Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a $1.62 dividend. The ex-dividend date is Friday, July 10th. This is an increase from Darden Restaurants’s previous quarterly dividend of $1.50. This represents a $6.48 annualized dividend and a yield of 3.3%. Darden Restaurants’s dividend payout ratio is currently 62.43%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America boosted their price objective on Darden Restaurants from $272.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, June 5th. KeyCorp raised their target price on Darden Restaurants from $226.00 to $228.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised their target price on Darden Restaurants from $230.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Robert W. Baird lifted their target price on Darden Restaurants from $210.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Finally, Evercore lowered Darden Restaurants from an “outperform” rating to an “in-line” rating and set a $230.00 price target on the stock. in a research note on Tuesday, June 23rd. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Darden Restaurants has an average rating of “Moderate Buy” and a consensus price target of $228.88.

Darden Restaurants Profile

Darden Restaurants, Inc is a multi-brand, full-service restaurant company headquartered in Orlando, Florida. The company owns and operates a portfolio of casual and fine-dining concepts that together serve millions of guests through company-owned and franchised locations. Its well-known brands include Olive Garden and LongHorn Steakhouse, alongside other dining concepts that span Italian, American, steakhouse and upscale casual formats.

Darden’s restaurants provide a range of guest-facing services including dine-in, takeout, delivery and catering, and feature menus tailored to each brand’s positioning—Italian-American fare at Olive Garden, steaks and grilled items at LongHorn, and more premium steakhouse and chef-driven offerings at its upscale concepts.