Bank of New York Mellon Corp Has $182.95 Million Stake in Darden Restaurants, Inc. $DRI

Bank of New York Mellon Corp cut its position in shares of Darden Restaurants, Inc. (NYSE:DRI) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 961,057 shares of the restaurant operator’s stock after selling 14,532 shares during the quarter. Bank of New York Mellon Corp owned about 0.83% of Darden Restaurants worth $182,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Darden Restaurants by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 14,055,185 shares of the restaurant operator’s stock worth $3,063,609,000 after acquiring an additional 284,814 shares during the period. State Street Corp lifted its stake in shares of Darden Restaurants by 2.1% in the 2nd quarter. State Street Corp now owns 4,916,944 shares of the restaurant operator’s stock valued at $1,071,746,000 after purchasing an additional 100,270 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Darden Restaurants by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,073,901 shares of the restaurant operator’s stock valued at $887,988,000 after purchasing an additional 75,701 shares in the last quarter. Geode Capital Management LLC grew its stake in Darden Restaurants by 5.9% during the second quarter. Geode Capital Management LLC now owns 3,134,246 shares of the restaurant operator’s stock worth $680,418,000 after purchasing an additional 175,811 shares during the period. Finally, Invesco Ltd. grew its stake in Darden Restaurants by 45.2% during the second quarter. Invesco Ltd. now owns 1,917,398 shares of the restaurant operator’s stock worth $417,935,000 after purchasing an additional 596,863 shares during the period. Institutional investors own 93.64% of the company’s stock.

Insider Buying and Selling

In other Darden Restaurants news, CFO Rajesh Vennam sold 6,774 shares of Darden Restaurants stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $214.12, for a total transaction of $1,450,448.88. Following the transaction, the chief financial officer directly owned 9,040 shares of the company’s stock, valued at $1,935,644.80. The trade was a 42.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John W. Wilkerson sold 2,258 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $213.00, for a total transaction of $480,954.00. Following the completion of the sale, the insider owned 17,784 shares of the company’s stock, valued at approximately $3,787,992. The trade was a 11.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,770 shares of company stock valued at $3,948,970 in the last 90 days. Insiders own 0.49% of the company’s stock.

Darden Restaurants Price Performance

Shares of NYSE DRI opened at $199.35 on Friday. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.91 and a beta of 0.64. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.26 and a current ratio of 0.39. Darden Restaurants, Inc. has a fifty-two week low of $169.00 and a fifty-two week high of $228.27. The firm’s 50-day simple moving average is $191.43 and its 200 day simple moving average is $193.84.

Darden Restaurants (NYSE:DRI) last issued its quarterly earnings data on Thursday, December 18th. The restaurant operator reported $2.08 EPS for the quarter, missing the consensus estimate of $2.10 by ($0.02). Darden Restaurants had a return on equity of 52.44% and a net margin of 8.92%.The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the company earned $2.03 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. As a group, research analysts anticipate that Darden Restaurants, Inc. will post 9.52 earnings per share for the current fiscal year.

Darden Restaurants Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, January 9th. Darden Restaurants’s dividend payout ratio is presently 62.89%.

Analyst Ratings Changes

Several equities analysts have issued reports on DRI shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Darden Restaurants in a research note on Friday, December 19th. TD Cowen reiterated a “hold” rating on shares of Darden Restaurants in a research note on Friday, December 19th. 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. Guggenheim reduced their price target on shares of Darden Restaurants from $235.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Darden Restaurants in a report on Wednesday, January 21st. Twenty equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $224.78.

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.