Voya Investment Management LLC Decreases Position in Darden Restaurants, Inc. $DRI

by · The Cerbat Gem

Voya Investment Management LLC trimmed its holdings in shares of Darden Restaurants, Inc. (NYSE:DRIFree Report) by 38.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,677 shares of the restaurant operator’s stock after selling 40,811 shares during the period. Voya Investment Management LLC owned about 0.06% of Darden Restaurants worth $12,693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DRI. Twin Peaks Wealth Advisors LLC purchased a new stake in Darden Restaurants during the 2nd quarter valued at about $26,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Darden Restaurants during the second quarter valued at approximately $29,000. True Wealth Design LLC grew its holdings in shares of Darden Restaurants by 419.2% in the second quarter. True Wealth Design LLC now owns 135 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 109 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Darden Restaurants in the second quarter worth $44,000. Finally, Rise Advisors LLC raised its holdings in Darden Restaurants by 32.2% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 49 shares during the last quarter. 93.64% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Matthew R. Broad sold 5,661 shares of the business’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 sale, the senior vice president directly owned 13,916 shares of the company’s stock, valued at $2,691,354.40. The trade was a 28.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Darden Restaurants Price Performance

Shares of DRI stock opened at $189.36 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.39 and a debt-to-equity ratio of 1.03. The stock has a market cap of $22.02 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.84 and a beta of 0.66. The business’s fifty day moving average is $180.36 and its 200 day moving average is $197.51. Darden Restaurants, Inc. has a twelve month low of $169.00 and a twelve month high of $228.27.

Darden Restaurants (NYSE:DRIGet Free Report) last announced its earnings results on Thursday, December 18th. The restaurant operator reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($0.02). The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.07 billion. Darden Restaurants had a net margin of 8.92% and a return on equity of 52.44%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 EPS. Darden Restaurants has set its FY 2026 guidance at 10.500-10.700 EPS. Research analysts expect that Darden Restaurants, Inc. will post 9.52 EPS for the current fiscal year.

Darden Restaurants Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.2%. Darden Restaurants’s dividend payout ratio (DPR) is currently 62.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DRI shares. Weiss Ratings restated a “hold (c+)” rating on shares of Darden Restaurants in a research report on Monday, December 15th. Raymond James Financial restated an “outperform” rating on shares of Darden Restaurants in a report on Friday. Mizuho upped their price target on Darden Restaurants from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley cut their price objective on Darden Restaurants from $238.00 to $236.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Finally, Citigroup reduced their target price on Darden Restaurants from $239.00 to $232.00 and set a “buy” rating on the stock in a research note on Wednesday, December 3rd. Nineteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.75.

View Our Latest Research Report on Darden Restaurants

Darden Restaurants Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding DRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darden Restaurants, Inc. (NYSE:DRIFree Report).