HHM Wealth Advisors LLC Buys 129 Shares of Darden Restaurants, Inc. (NYSE:DRI)

HHM Wealth Advisors LLC boosted its holdings in Darden Restaurants, Inc. (NYSE:DRI) by 103.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 254 shares of the restaurant operator’s stock after acquiring an additional 129 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Darden Restaurants were worth $47,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Compass Wealth Management LLC bought a new stake in shares of Darden Restaurants during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its stake in Darden Restaurants by 1,690.9% during the 3rd quarter. Wolff Wiese Magana LLC now owns 197 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 186 shares during the last quarter. MCF Advisors LLC increased its position in shares of Darden Restaurants by 50.9% in the 4th quarter. MCF Advisors LLC now owns 175 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 59 shares in the last quarter. Bangor Savings Bank lifted its holdings in shares of Darden Restaurants by 395.0% during the 3rd quarter. Bangor Savings Bank now owns 297 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 237 shares in the last quarter. Finally, Webster Bank N. A. acquired a new position in shares of Darden Restaurants in the fourth quarter valued at approximately $51,000. 93.64% of the stock is currently owned by institutional investors.

Insider Activity at Darden Restaurants

In other Darden Restaurants news, SVP Douglas J. Milanes sold 7,892 shares of Darden Restaurants stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $195.95, for a total value of $1,546,437.40. Following the completion of the transaction, the senior vice president now owns 3,914 shares in the company, valued at approximately $766,948.30. The trade was a 66.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew R. Broad sold 12,759 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $187.37, for a total transaction of $2,390,653.83. Following the transaction, the senior vice president now owns 14,328 shares in the company, valued at approximately $2,684,637.36. The trade was a 47.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,926 shares of company stock worth $9,850,129. 0.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on DRI. Truist Financial increased their target price on shares of Darden Restaurants from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Barclays boosted their price objective on Darden Restaurants from $206.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. UBS Group lifted their price objective on shares of Darden Restaurants from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. KeyCorp boosted their price target on Darden Restaurants from $194.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus upped their target price on Darden Restaurants from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.52.

Darden Restaurants Stock Up 1.8 %

Shares of Darden Restaurants stock opened at $198.73 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.23 and a debt-to-equity ratio of 1.02. Darden Restaurants, Inc. has a twelve month low of $135.87 and a twelve month high of $199.95. The stock has a market cap of $23.28 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.31. The company has a fifty day moving average price of $180.93 and a 200 day moving average price of $165.88.

Darden Restaurants (NYSE:DRI) last announced its earnings results on Thursday, December 19th. The restaurant operator reported $2.03 earnings per share for the quarter, meeting the consensus estimate of $2.03. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.87 billion. Darden Restaurants had a return on equity of 50.12% and a net margin of 9.01%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 EPS. Equities research analysts forecast that Darden Restaurants, Inc. will post 9.52 earnings per share for the current fiscal year.

Darden Restaurants Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $1.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $5.60 annualized dividend and a yield of 2.82%. Darden Restaurants’s dividend payout ratio (DPR) is currently 64.15%.

Darden Restaurants Company 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.