Berry Wealth Group LP Acquires 287 Shares of Darden Restaurants, Inc. $DRI

Berry Wealth Group LP raised its holdings in shares of Darden Restaurants, Inc. (NYSE:DRI) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,132 shares of the restaurant operator’s stock after buying an additional 287 shares during the period. Darden Restaurants comprises approximately 2.2% of Berry Wealth Group LP’s portfolio, making the stock its 13th largest position. Berry Wealth Group LP’s holdings in Darden Restaurants were worth $3,080,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Darden Restaurants in the 2nd quarter valued at about $125,521,000. Nuveen LLC purchased a new position in Darden Restaurants in the 1st quarter worth approximately $84,801,000. Vanguard Group Inc. lifted its position in Darden Restaurants by 2.1% in the second quarter. Vanguard Group Inc. now owns 14,055,185 shares of the restaurant operator’s stock valued at $3,063,609,000 after purchasing an additional 284,814 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in Darden Restaurants in the first quarter valued at approximately $53,760,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Darden Restaurants by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,998,200 shares of the restaurant operator’s stock valued at $830,666,000 after purchasing an additional 247,542 shares during the period. Hedge funds and other institutional investors own 93.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on DRI. The Goldman Sachs Group raised shares of Darden Restaurants from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research note on Monday, October 20th. Truist Financial decreased their price objective on shares of Darden Restaurants from $252.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, September 19th. Morgan Stanley increased their target price on shares of Darden Restaurants from $235.00 to $238.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Robert W. Baird cut their target price on Darden Restaurants from $230.00 to $208.00 and set a “neutral” rating on the stock in a research note on Friday, September 19th. Finally, Stephens reaffirmed an “equal weight” rating and set a $215.00 price target on shares of Darden Restaurants in a research report on Thursday, September 18th. Twenty analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Darden Restaurants has an average rating of “Moderate Buy” and an average target price of $225.64.

Darden Restaurants Price Performance

Shares of NYSE:DRI opened at $179.58 on Friday. The business has a fifty day moving average price of $182.50 and a 200-day moving average price of $200.80. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.27. The company has a market capitalization of $20.89 billion, a PE ratio of 19.25, a PEG ratio of 1.67 and a beta of 0.74. Darden Restaurants, Inc. has a 1-year low of $159.67 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 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Darden Restaurants had a net margin of 8.90% and a return on equity of 52.35%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last 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, equities analysts expect that Darden Restaurants, Inc. will post 9.52 EPS for the current fiscal year.

Darden Restaurants Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, October 10th. Darden Restaurants’s payout ratio is presently 64.31%.

Insiders Place Their Bets

In related news, SVP Matthew R. Broad sold 5,661 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $193.40, for a total value of $1,094,837.40. Following the transaction, the senior vice president directly owned 13,916 shares of the company’s stock, valued at approximately $2,691,354.40. This represents a 28.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

Darden Restaurants 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.