Palouse Capital Management INC Stake in Darden Restaurants INC (DRI) Decreased by $3.43 Million as Shares Declined

April 17, 2018 - By Russell Jones

Darden Restaurants, Inc. (NYSE:DRI) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.88. That’s change of 0.08, from 2017Q3’s 0.96. 46 investors sold all, 187 reduced holdings as DRI ratio dived. 121 grew positions while 83 funds bought positions. Funds hold 103.03 million shares thus 4.63% less from 2017Q3’s 108.03 million shares. Bartlett Co Limited Liability accumulated 1,098 shs. First Quadrant Lp Ca accumulated 1,400 shs. Duncker Streett & invested 0.02% in Darden Restaurants, Inc. (NYSE:DRI). Franklin Res holds 17,731 shs or 0% of its capital. State Bank Of Ny Mellon reported 2.91M shs stake. Ohio-based Keybank Natl Association Oh has invested 0.01% in Darden Restaurants, Inc. (NYSE:DRI). Moreover, American Registered Inv Advisor Inc has 0.56% invested in Darden Restaurants, Inc. (NYSE:DRI). Virtus Inv Advisers reported 0.07% of its capital in Darden Restaurants, Inc. (NYSE:DRI). Caisse De Depot Et Placement Du Quebec holds 6,424 shs or 0% of its capital. Suntrust Banks Inc, Georgia-based fund reported 60,183 shs. Northern Trust Corp reported 2.16M shs. Ubs Asset Americas invested in 0.04% or 437,266 shs. Clearbridge Limited Liability holds 7,640 shs or 0% of its capital. Geode Cap Mngmt Ltd Liability Com reported 1.46 million shs stake. Highlander Cap Mngmt Ltd Limited Liability Company has 60 shs for 0% of their capital.

DRI registered $7.25 million net activity with 0 buys and 3 selling transactions since January 10, 2018. 59,783 shs were sold by LEE EUGENE I JR, worth $5.79 million on Wednesday, January 10. On Wednesday, January 10 $417,315 worth of Darden Restaurants, Inc. (NYSE:DRI) was sold by Milanes Douglas J..

In Darden Restaurants Inc (DRI) was reduced the holdings held by Palouse Capital Management Inc. The decrease is 79.65% according to 2017Q4 Securities and Exchange filling. By selling 35,764 shares Palouse Capital Management Inc made the stock sank with 12.63%. The institutional investor is holding 9,139 shares, compared to the 44,903 from the previous quarter. And the reported value of the consumer services company is $878,000 for the 2017Q4. Darden Restaurants Inc has $11.01B MC. On during the last trading session the stock increased $1.23 or 1.40%, reaching $88.95.Darden Restaurants, Inc. is uptrending after having risen 11.43% since April 17, 2017. DRI has 1.62M volume or 0.10% up from normal. The stock underperformed the S&P 500 by 0.12%.

Palouse Capital Management Inc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Darden Restaurants, Inc. (NYSE:DRI) Ratings Coverage

Total analysts of 19 have positions in Darden Restaurants (NYSE:DRI) as follows: 11 rated it a “Buy”, 0 with “Sell” and 8 with “Hold”. The positive are 58%. The firm has $116.0 highest while $80 is the lowest [Target]. The average target $100.88 is 13.41% above the last ($88.95) price. Since October 19, 2017 according to StockzIntelligence Inc Darden Restaurants has 36 analyst reports. On Friday, March 23 Barclays Capital maintained Darden Restaurants, Inc. (NYSE:DRI) rating. Barclays Capital has “Overweight” rating and $105 target. On Wednesday, December 20 the firm has “Hold” rating by Bernstein given. On Friday, March 23 Stifel Nicolaus maintained the shares of DRI in report with “Buy” rating. On Monday, March 26 the stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Overweight” rating by Stephens. On Tuesday, January 2 the firm has “Hold” rating by SunTrust given. On Friday, January 5 the firm has “Buy” rating given by Canaccord Genuity. In Tuesday, December 19 report Jefferies maintained the stock with “Hold” rating. On Monday, April 2 Raymond James upgraded the shares of DRI in report to “Buy” rating. On Thursday, October 19 BMO Capital Markets maintained the shares of DRI in report with “Market Perform” rating. On Thursday, December 21 the rating was upgraded by Argus Research to “Buy”.

Darden Restaurants, Inc. (NYSE:DRI) Institutional Investors Chart

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